Tag: Forex Trading with Capital Sands.

Commodity currencies fall as OPEC+ output cuts fail to allay demand anxiety

By Administrator_India Capitals Sands Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil-producing nations failed to offset broader concerns about slumping global demand. The greenback drifted higher against its Australian and New Zealand counterparts, widely seen as barometers for market risk, in a […]

Japan's battle with pandemic may mark end of Abe's fiscal experiment

Japan’s battle with pandemic may mark end of Abe’s fiscal experiment

By Ritu, Capital Sands The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank. Days after Prime Minister Shinzo Abe launched a nearly $1 trillion stimulus package to battle the pandemic’s financial fallout, some […]

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 […]

Europe Posts Gains; Eurogroup to Meet Again

Europe Posts Gains; Eurogroup to Meet Again

By Ritu, Capital Sands European stock markets pushed higher Thursday, as investors took in the strong gains on Wall Street overnight but remained cautious ahead of the resumption of talks on how to fund the massive government borrowing needed to support the region’s economy through the crisis.  At 3:35 AM ET (0735 GMT), the U.K.’s FTSE index traded 3.4% higher, France’s CAC 40 was […]

Gold eases on rising risk appetite as new virus cases fall

Gold Down Despite Continued COVID-19 Fears

By Administrator_India Capital Sands Gold prices in Asia were down in Asia on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45. For the third day in a row, prices for the yellow metal were in sync with stocks. The two prices […]

China’s Wuhan lockdown ends, but local coronavirus cases rise across the country

By Administrator_India Capital Sands The Chinese city where the coronavirus epidemic first broke out, Wuhan, ended a two-month lockdown on Wednesday, allowing people to leave the city, if they were healthy, amid concerns of a second wave of infections as cases in mainland China rose. China sealed off the city of 11 million people in late January to stop the […]

Europe Posts Strong Gains; More Stimulus Eyed

Europe Posts Strong Gains; More Stimulus Eyed

By Ritu, Capital Sands European stock markets have pushed firmly higher Tuesday, as investors anticipate more financial aid to help bolster the region’s battered economies. The EU’s finance ministers will be in focus Tuesday as they meet to try and agree a list of measures to mitigate the impact of the coronavirus on the region’s economies. If enough headway is […]

Japan says drugmaker Gilead's COVID-19 treatment remdesivir now in use in hospitals

Japan set to announce coronavirus emergency, finalize near $1 trillion stimulus

By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centers. The government is also planning to finalize a massive stimulus package worth 108 trillion yen ($990 billion) – equal to 20% […]

Europe Pushes Higher; Virus Optimism Rises

Europe Pushes Higher; Virus Optimism Rises

By Ritu, Capital Sands European stock markets posted strong gains Monday, helped by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. At 03:45 AM ET (0745 GMT), the U.K.’s FTSE index traded 2.6% higher, France’s CAC 40 was up 3.3%, while the DAX rose 3.9%. The broader-based Stoxx 600 Europe index climbed 2.6%.  […]

PM Modi plans staggered exit from vast coronavirus lockdown

By Administrator_India Capital Sands India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said on Thursday, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Modi ordered […]