Dollar rebound falters as Fed’s Powell strikes dovish tone

Dollar rebound falters as Fed's Powell strikes dovish tone

By Administrator_India Capital Sands The dollar’s rebound from a nearly three-year low faltered after Federal Reserve Chair Jerome Powell said on Thursday that interest rates would not rise any time soon. The release of details of President-elect Joe Biden’s $1.9 trillion stimulus later that day failed to give the greenback additional support, with the main …

6 Best Trading Platforms Globally

6 Best Trading Platforms Globally

6 Best Online Brokers and Trading Platform in the Word This is our list of the best online trading platforms in Word based on several factors: traders score, commodities you can trade, trading platforms, funding methods, Islamic account enabled, minimum deposit and welcome bonus: Binary Opinion – Best for Binary Options Trading and CFD’s eToro – Best …

Oil prices extend gains after U.S. inventory drop

Oil prices extend gains after U.S. inventory drop

By Administrator_India Capital Sands Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate (WTI) was up 40 cents, or 0.8%, at $53.61 a barrel by 0128 GMT after gaining nearly …

Oil Down, With Rising COVID-19 Cases Increasing Fuel Demand Fears

Oil Down, With Rising COVID-19 Cases Increasing Fuel Demand Fears

By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, with rising numbers of COVID-19 cases globally contributing to rising fuel demand worries. However, expectations of a drawdown in U.S. crude oil inventory helped to limit losses for the black liquid. Brent oil futures edged down 0.13% to $55.59 by 10:27 PM ET (3:27 AM GMT) and …

Dollar rebound falters as Fed's Powell strikes dovish tone

By Administrator_India Capital Sands The dollar was up on Monday morning in Asia, continuing a rebound over big gains in U.S. yields and hopes for more U.S. stimulus measures that saw some investors tempering bearish bets and seeing the dollar move further away from the multi-year lows seen recently. The U.S. Dollar Index that tracks the greenback …

India’s GDP may contract 7.7% in FY21: First advance estimates

India's GDP may contract 7.7% in FY21: First advance estimates

By Administrator_India Capital Sands The pandemic will pull down India’s gross domestic product by 7.7 per cent in 2020-21, the first advance estimate of GDP released by the National Statistical Office (NSO) on Thursday showed. This will be the biggest annual contraction in records going back to 1952, according to Bloomberg. The estimate by the NSO was …

US tops 21 million COVID-19 cases with record hospitalizations as states ramp up vaccinations

US tops 21 million COVID-19 cases with record hospitalizations as states ramp up vaccinations

By Administrator_India Capital Sands More Americans were hospitalized with COVID-19 on Wednesday than at any time since the pandemic began, as total coronavirus infections crossed the 21 million mark, deaths soared across much of the United States and a historic vaccination effort lagged. U.S. COVID-19 hospitalizations reached a record 130,834 late on Tuesday, according to …

India Pollution Tracker: Check AQI today in Delhi, Mumbai and other major cities

India Pollution Tracker: Check AQI today in Delhi, Mumbai and other major cities

By Administrator_India Capital Sands Air quality has been deteriorating across India amid winter. Over the last three months, the Air Quality Index (AQI) has fallen dangerously low in the northern regions of the country, especially in New Delhi, where it is on the brink of an “emergency” level. Faced with rising air pollution in Delhi-National Capital …

Dollar Down, With ‘Twin Deficits’ Likely to Extend Dollar Weakness Into 2021

Dollar rebound falters as Fed's Powell strikes dovish tone

By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia. It ended 2020 on a down note over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for an ever-cheaper greenback. …