Forex Analysis 

Dollar Slips From One-Month High Ahead of Fed Statement

By Administrator_ India Capital Sands The dollar edged marginally lower in early European trade Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve following the recent jump in U.S. inflation. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was less than 0.1% lower at 90.468, having hit a one-month high of 90.677 on Tuesday. USD/JPY was largely unchanged at 110.06, near its two-month high of 110.325 touched earlier this month, GBP/USD was…

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Forex Analysis 

Dollar Down Over Higher-Than-Expected Inflation Data

By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04% to 0.7755 as Australia is working on a quarantine-free travel corridor with Singapore. Across the Tasman Sea, the NZD/USD pair inched down 0.01% to 0.7195. The USD/CNY pair edged down 0.10% to 6.3865. The GBP/USD pair inched up 0.06% to 1.4182. Investors will be monitoring the…

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Bitcoin under pressure as comeback fades Forex Analysis 

Bitcoin under pressure as comeback fades

By Administrator_ India Capital Sands Bitcoin fell 3% on Friday, giving up gains from the Asia session, as its recovery from this week’s plunge shows signs of faltering. Bitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but just below its 200-day moving average. Rival cryptocurrency ether also came under pressure on Friday, falling 2% to $2,714. Ether is down 24% for the week and bitcoin down 15%.

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Dollar holds weak bias on expectations Powell will shun tapering Forex Analysis 

Dollar Up, no Big Moves Ahead of U.S. Election

By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.093 by 11:17 PM ET (3:17 AM GMT). The dollar held onto gains from the previous week, seeing its largest weekly percentage rise since late September during the previous session as investors cautiously turned to the safe-haven asset. Although the polls predict a win for Democrat candidate Joe Biden over incumbent president Donald Trump, the race remains tight and the possibility of a contested election continued is keeping investors…

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Dollar holds weak bias on expectations Powell will shun tapering Forex Analysis 

Dollar Down, U.S.-China Tensions Rise

By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases. There are over 43.4 million cases globally as of Oct. 27, according to Johns Hopkins University data. Some investors were wary of the dollar’s prospects ahead of the Nov. 3 U.S. presidential election. Some investors view a Biden victory, especially…

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Dollar holds weak bias on expectations Powell will shun tapering Forex Analysis 

Dollar Down With Investors Looking to Thursday’s ECB Meeting

By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro held onto gains against the greenback ahead of the meeting, with the meeting’s agenda expected to focus on policymakers’ views on the euro’s recent appreciation and its impact on inflation. Although ECB is widely expected to keep its policies unchanged,…

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Dollar’s History of Year-End Dominance Threatened by Stimulus FED Forex Analysis 

Dollar finds footing as Sino-U.S. tensions escalate

By Administrator_India Capital Sands   The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday and has helped the greenback find support in Asian trade on Thursday. The euro  sat at $1.1571, about 0.3% below a 21-month high of $1.1601,…

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FED Forex Analysis 

Dollar Up, Boosted by Ever-Rising COVID-19 Numbers and Souring U.S-China Relations

By Administrator_India Capital Sands   The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2 million mark the same day. The surging number of cases prompted investor fears over the global economic recovery, with more states re-implementing lockdowns. There are over 13.7 million cases globally as of July 17, according to Johns Hopkins University data.…

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South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000 Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands 

South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000

By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a harsh weeks-long clampdown to control the outbreak. India’s capital of Delhi, and its financial hub of Mumbai, have emerged as hotspots and local officials are urging Prime Minister Narendra Modi to extend a 21-day nationwide lockdown beyond its expiry date of Tuesday. India’s vast shutdown of 1.3 billion people has left millions out of work and forced an exodus of…

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U.S. banks prepare to seize energy assets as shale boom goes bust

By Administrator_India Capital Sands Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt. JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent companies to own oil and gas assets. The banks are also looking to hire executives with relevant expertise to manage them. The banks did not provide comment…

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