Category «Forex Analysis»

Dollar Down Even Amid Rising COVID-19 Cases

Dollar Down Even Amid Rising COVID-19 Cases

By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, reversing its earlier gains. Investors cautiously retreated from the safe-haven asset amid optimism over U.S. services sector activity data due to be released later in the day. Forecasts prepared by Investing.com predict a reading of 50 for the Institute for Supply Management non-manufacturing …

Dollar heads for weekly gain as new infections sap confidence

Dollar Continues Downward Trend Ahead of Trump-Biden Debate

By Administrator_India Capital Sands The dollar headed for its best week in a month on Friday as a resurgence in coronavirus cases knocked confidence in a rapid economic recovery and drove investors to the safety of the world’s reserve currency. Geopolitical tensions on the Korean peninsula, in the Himalayas and between China and its trading …

Oil firmer on OPEC+ deal, equities unable to shake pandemic fears

Asia shares consolidate, China cuts another interest rate

By Administrator_India Capital Sands Global shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic although a landmark deal by OPEC and its allies to slash output helped oil prices climbed in volatile trade. The Nikkei fell 1.4% while MSCI’s broadest index of Asia-Pacific shares outside Japan slipped …

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

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 …

Fed, BoE push deeper into uncharted territory in face of coronavirus slump

Fed, BoE push deeper into uncharted territory in face of coronavirus slump

By Administrator_India Capital Sands The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers. The Fed, in its boldest move to date to soften the historic shutdown of much …

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

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 …

Trump thanks India for decision on anti-malaria drug

Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

By Administrator_India Capital Sands President Donald Trump on Wednesday thanked India for its decision to increase exports of the anti-malaria drug hydroxychloroquine, an unproven treatment that Trump has promoted in the fight against the novel coronavirus. India said on Tuesday it will allow some exports of hydroxychloroquine after Trump urged New Delhi to release supplies …

India asks TikTok, Facebook to remove users spreading coronavirus misinformation

India asks TikTok, Facebook to remove users spreading coronavirus misinformation

By Administrator_India Capital Sands India has told Facebook and Chinese video app TikTok to remove users found to be spreading misinformation about the coronavirus following concern about videos intended to mislead Muslims, according to a government source. The move follows a report by Delhi-based digital analytics firm Voyager Infosec which identified a pattern of targeted …

Euro zone investor morale hits all-time low on coronavirus

Euro zone industry output dips in February on eve of virus measures

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 …

Oil drops over $1 on oversupply after OPEC+ delays meeting

OPEC+ likely to agree to cut production if U.S. joins effort

By Administrator_India Capital Sands Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand. Brent crude slipped close to $30 a barrel in early trade and was at $32.82 …