Category: 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 […]

World shares advance on surprise U.S. job recovery

By Administrator_India Capital Sands U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic. U.S. S&P500 futures rose 0.5% to stand near their highest levels since late February while Japan’s Nikkei opened more than 1% higher. MSCI’s […]

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Two more NYSE floor traders test positive for coronavirus: memo

By Administrator_India Capital Sands At least two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite measures taken to prevent people infected by the virus from entering the exchange while it remained physically open last week. Given the possibility of exposure, and consistent with local, state, and federal government guidance, we recommend that all […]

Tough Days May Lie Ahead for One of Asia’s Worst Equity Markets

By Administrator_India Capital Sands Thailand, one of Asia’s worst major equity markets this year, has suffered from the trade war, a severe drought and a delay in the government’s budget. Yet worse may lie ahead as the coronavirus pandemic triggers closures of cinemas, schools, sports clubs, gymnasiums and restaurants, with many people working from home. Southeast Asia’s second-largest economy has […]

Confirmed Coronavirus may force Americans to avoid crowds and cancel cruises; U.S. cases near 550

By Administrator_India Capital Sands Older Americans, especially those with chronic medical concerns, should probably avoid big social gatherings and airline flights, given the rapid spread of coronavirus, a top U.S. health official said on Sunday, as investors braced for another volatile week in financial markets. Anthony Fauci, the head of the infectious diseases unit at the National Institutes of Health, […]

European shares rise as investors hope for more stimulus

European shares rise as investors hope for more stimulus

By  Administrator_India, Capital Sands European shares rose on Wednesday as investors hoped the European Central Bank and euro zone governments would green light stimulus measures after the U.S. Federal Reserve cut interest rates in an emergency move. The Fed’s 50 basis points cut on Tuesday caught Wall Street off guard as it magnified the economic impact of the coronavirus and […]

Global supplier India curbs drug exports as coronavirus fears grow

By Administrator_India, Capital Sands India, the world’s main supplier of generic drugs, has restricted the export of 26 pharmaceutical ingredients and the medicines made from them, including Paracetamol, a common pain reliever also sold as acetaminophen, as the coronavirus outbreak plays havoc with supply chains. The Indian government urged calm and said there were enough stocks to manufacture formulations for […]

Japan’s Abe says ready to top up fiscal spending if coronavirus hits economy

By Administrator_India, Capital Sands Japanese Prime Minister Shinzo Abe said on Tuesday his government was ready to deploy further fiscal stimulus measures if needed to protect the country’s already fragile economy from the negative effects of the coronavirus. Abe, who has come under fire for his handling of the crisis, has pledged to focus over the next couple weeks on […]

New York confirms first coronavirus case; U.S. ramps up preparations

By Administrator_India, Capital Sands New York state confirmed its first positive coronavirus test, Governor Andrew Cuomo said on Sunday night, as the U.S. government said it would start screening travelers for the virus and hike production of protective masks. Cuomo said on Twitter that a woman in her 30s contracted coronavirus during a recent trip to Iran and was in […]