Pound on Longest Losing Streak Since May on BOE Easing Talk

By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]

Sterling Slips vs Dollar, Euro as Vlieghe Fuels Rate Hopes

By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the greenback against a basket of currencies, was effectively unchanged at 97.130. However, that masked a 0.5% rise for […]

Forex Analysis, Political News, Stock Broker, Technical Analysis
January 09, 2020
28 views 53 secs 0

China’s Vice Premier Liu to sign U.S. trade deal in Washington next week

By Ritu, Capital Sands China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides […]

Forex Analysis, Political News, Stock Broker, Technical Analysis
January 06, 2020
29 views 19 secs 0

BNP Joins JPMorgan in Setting Up Singapore Currency Trading Hub

By Ritu, Capital Sands BNP Paribas  is planning to join JPMorgan Chase  & Co. and Citigroup Inc . by setting up an electronic currency trading and pricing platform in Singapore. The facility will support electronic trading of 50 currencies in spot, forward, swaps, non-deliverable forwards and options, according to a company statement. It will also […]

Asian Markets Fall Amid Escalating Middle East Tensions, Trade War Uncertainties

By Ritu Capital Sands Asian equities traded mostly lower in morning trade on Monday amid heightened geopolitical tensions in the Middle East, and uncertainties surrounding the singing of the Sino-U.S. phase one trade deal. China’s Shanghai Composite and the Shenzhen Component both gained 0.4%. Sino-U.S. trade developments remained in focus. U.S. President Donald Trump said in a […]

European shares falter as year-end rally fades

By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year’s Eve celebrations, the pan-European STOXX 600 […]

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains […]

Forex Analysis, Political News, Stock Broker, Technical Analysis
December 27, 2019
26 views 2 mins 0

Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes

By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel […]