By Administrator_India Capital Sands The dollar is set to take its cues from the U.S. Federal Reserve’s policy statement and a speech by President Joe Biden on Wednesday, as it seeks to extend recovery from an eight-week low touched earlier in the week against a basket of currencies. The dollar index stood at 90.968, bouncing from Monday’s …
CEOs of 40 US companies create global task force to help India fight Covid
By Administrator_India Capital Sands In a show of solidarity, CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against COVID-19. A collective initiative of the US-India Business Council of the US Chambers of Commerce, and the US-India Strategic and …
State govts begin vaccine price negotiations, eye Rs 150 per dose
By Administrator_India Capital Sands State governments are drawing up plans to procure vaccines for people in the 18-45 age group and have started price negotiations with manufacturers. While Uttar Pradesh has sought 10 million doses (five million each from Serum Institute and Bharat Biotech), Maharashtra is looking to procure 15 million and is floating a …
Asian shares shake off U.S. tax worries, cryptocurrencies plunge
By Administrator_India Capital Sands A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S. capital gains tax hike. Modestly firmer equity markets contrasted with ructions in cryptocurrencies as investors …
What is a Trading Platform?
A trading platform is a software used for trading: opening, closing, and managing market positions through a financial intermediary such as an online broker. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per …
Oil falls for second day as India’s COVID-19 surge to dent fuel demand
By Administrator_India Capital Sands Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world’s third biggest oil importer. Brent crude futures for June fell 52 cents, or 0.8%, to $66.05 a barrel at 0157 GMT, after dropping 48 cents on Tuesday. …
Coronavirus: US advises its citizens to avoid travelling to India
By Administrator_India Capital Sands US’ Centers for Disease Control and Prevention (CDC) had advised its citizens to avoid travelling to India amid a massive surge in COVID-19 cases in the country. In a statement, the CDC said: “Because of the current situation in India even fully vaccinated travellers may be at risk for getting and …
West Bengal Election: Mamata Banerjee cancels Kolkata rallies, TMC to hold small meets amid COVID-19 surge
By Administrator_India Capital Sands Amid a spike in coronavirus infections in poll-bound West Bengal, Chief Minister Mamata Banerjee on April 18 said the Trinamool Congress (TMC) would organise small meetings in Kolkata and she would give short speeches in rallies in districts where polling would be held in the remaining three phases. Speaking to a …
Dollar set for back-to-back weekly losses as Treasury yields retreat
By Administrator_India Capital Sands The dollar headed for its worst back-to-back weekly drop this year amid a continued retreat in Treasury yields from more-than-one-year highs as investors increasingly bought into the Federal Reserve’s insistence of continued monetary support. The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, from as high as 1.776% at …
Dollar slips to three-week low as inflation fears seen baked in for now
By Administrator_India Capital Sands The dollar fell to multi-week lows against the euro and the yen on Wednesday, after an uptick in a U.S. consumer price gauge did not spark wider fears about accelerating inflation and the Federal Reserve’s tapering, pushing down U.S. bond yields. The dollar ticked down 0.2% to 108.80 yen, touching its …