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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Supreme Court order for free coronavirus testing may hinder fight, say business leaders, health experts Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands 

Supreme Court order for free coronavirus testing may hinder fight, say business leaders, health experts

By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts. The concern is that private medical firms, like many businesses in India are struggling financially, and could go under if they tested for free without financial assistance. Kiran Mazumdar Shaw, executive chairperson of Biocon Limited, one of India’s biggest biotech firms, said private institutions could not…

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Euro zone economy shrinks at record rate, inflation slows sharply Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands 

Euro zone investor morale hits all-time low on coronavirus

By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in March. The Reuters consensus forecast was for a fall to -30.3. The force of recession was much stronger in April than in March, said Sentix managing director Patrick Hussy. “The situation is … much worse…

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India’s March gold imports hit 6-1/2-year low on record price

By Admnisitrator_India Capital Sands   India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source said on Monday. The world’s second-biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorized to speak to the media. In value terms, March imports dropped nearly 63% to $1.22 billion, he added.

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