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January 22, 2020
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Stocks – S&P Falls as U.S Coronavirus Scare Sours Sentiment

By Administrator, Capital Sands The S&P ended in the red Tuesday as selling hit Wall Street following news that the deadly coronavirus had reached the U.S. The S&P 500 lost 0.27%, while the Nasdaq Composite fell 0.19% and the Dow Jones Industrial Average lost 0.52%. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in […]

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January 21, 2020
54 views 42 secs 0

New Indian law to protect foreign investors to exclude tax demands – documents

By Ritu, Capital Sands New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them, according to its draft and government documents seen by Reuters. The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting […]

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January 17, 2020
43 views 52 secs 0

GBP/USD: Probes five-week-old falling trendline near 1.3080

By Ritu, Capital Sands   GBP/USD stays positive around a one-week high while taking the bids to 1.3080 during the Asian session on Friday. The pair confronts a short-term key resistance trend line following its U-turn from a multi-month-old rising support line. The GBP/USD pair is holding on to daily gains around 1.3070, positive in […]

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January 16, 2020
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Asian Stocks Rise as U.S.-China Signs Phase One Trade Deal

By Ritu, Capital Sands Asian stock markets traded mostly higher on Thursday in Asia as investors cheered the signing of the phase one U.S.-China trade deal. China’s Shenzhen Composite rose 0.2%, while the Shanghai Composite slipped 0.1%. Hong Kong’s Hang Seng Index climbed 0.4%. Overnight, officials from the U.S. and China signed the phase one trade agreement, putting their […]

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January 14, 2020
40 views 44 secs 0

By Ritu, Capital Sands Asian stocks rose in morning trade on Tuesday after the U.S. dropped China’s currency manipulator label, saying that it has made “enforceable commitments” not to devalue the yuan. China’s Shanghai Composite inched up 0.1%, while the Shenzhen Component gained 0.3%. “China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability. […]

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January 08, 2020
58 views 32 secs 0

Oil Prices Up After Iran Attacks Two U.S.-Iraqi Airbases, Sparking More Conflicts

By Ritu, Capital Sands Oil prices jumped on Wednesday in Asia after Iran attacked two U.S.-Iraqi airbases in response to a U.S. airstrike that killed a top Iranian general last week, sparking worries of intensifying conflict in the Middle East. Overnight, the Pentagon said missile strikes were launched from Iran and targeted the Ayn al-Asad […]

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January 07, 2020
43 views 53 secs 0

Swiss franc holds gains, yen steady as traders eye Iran

By Ritu, Capital Sands The Swiss franc held gains against the dollar on Tuesday as traders sought save-havens amid heightened anxiety about potential Iranian retaliation to a U.S. drone strike that killed its most prominent military commander. The yen, another safe-haven currency, pulled back from a three-month high versus the dollar, but sentiment remains fragile […]

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January 03, 2020
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Brent jumps nearly $3 after U.S. air strike kills Iran, Iraq officials

By Ritu, Capital Sands Brent crude futures jumped close to $3 on Friday to their highest since September after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent crude futures  jumped nearly $3 to hit a high of $69.16 a barrel, […]

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January 02, 2020
42 views 59 secs 0

Dollar starts new year with a hangover as others find cheer

By Ritu, Capital Sands The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic out performance could be coming to an end as optimism on trade brightens the outlook for growth globally. Signs of progress in the Sino-U.S. trade dispute undermined the dollar for much of […]

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December 30, 2019
38 views 2 mins 0

Dollar trims annual gains in low volatility year, more action seen in 2020

By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after sliding 0.6% on Friday for […]