Forex Analysis – TradenTalks

Indian rupee rebounds 32 paise to 75.28 against US dollar in early trade

February 25, 2022 Administrator_IndiaDollar, India, News, Rupee0 comment

The rupee recovered 32 paise to 75.28 in early trade on Friday tracking positive domestic equities and stronger Asian peers. The local currency opened on a strong note at 75.31 to a dollar at the interbank foreign exchange market and inched higher to 75.28, registering a gain of 32 paise over its previous close. Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe. On Thursday, the rupee tanked 99 paise to close at 75.60 against the…

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Dollar Slips From One-Month High Ahead of Fed Statement

June 16, 2021 Administrator_IndiaDollar, European trade, Fed Statement0 comment

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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Dollar Down Over Higher-Than-Expected Inflation Data

June 11, 2021 Administrator_IndiaCOVID-19, Dollar, U.S.0 comment

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

May 21, 2021 Administrator_IndiaBitcoin, Cryptocurrency, Ether0 comment

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%.

Dollar holds weak bias on expectations Powell will shun tapering

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

November 2, 2020 Administrator_IndiaDollar, Dollar Index, U.S. Election0 comment

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 Down, U.S.-China Tensions Rise

October 27, 2020 Administrator_IndiaChina, Dollar, Dollar Down, Tension Rise, U.S.0 comment

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 Down With Investors Looking to Thursday’s ECB Meeting

September 10, 2020September 10, 2020 Administrator_IndiaDollar, Dollar Down, ECB Meeting, Investors0 comment

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,…

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

FED Forex Analysis

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

July 23, 2020 Administrator_IndiaDollar Index0 comment

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,…

FED Forex Analysis

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

July 17, 2020 Administrator_IndiaDollar headed up0 comment

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

April 10, 2020 RituBest Forex Broker in India0 comment

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…