By Administrator_India, Capital Sands Britain’s finance ministry has appointed Christopher Woolard as interim chief executive of the Financial Conduct Authority to navigate the financial sector after Brexit. CEO Andrew Bailey leaves in March to become governor of the Bank of England, when Woolard will take over the FCA as interim chief executive. Woolard is currently […]
Forex Analysis
China virus death toll mounts to 25, infections spread
By Administrator_India, Capital Sands A new coronavirus has killed 25 people in China and infected more than 800, the government said on Friday, as the World Health Organization declared it an emergency but stopped short of declaring the epidemic of international concern. China’s National Health Commission said 830 cases had been confirmed so far and […]
India stocks lower at close of trade; Nifty 50 down 0.52%
By Administrator_India, Capital Sands India stocks were lower after the close on Wednesday, as losses in the Metals, Oil & Gas and Power sectors led shares lower.At the close in NSE, the Nifty 50 lost 0.52%, while the BSE Sensex 30 index lost 0.50%. The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 4.89% or 13.90 points […]
China virus death toll rises to nine as pandemic fears mount
By Administrator_India, Capital Sands The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province. Another 2,197 cases of close contact with patients had been confirmed and […]
Asia shares lurch lower, China flu risks mount
By Ritu, Capital Sands Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets. Safe-haven bonds and the yen edged higher as investors were reminded of the economic damage done by the SARS virus in 2003, particularly […]
As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
By Ritu, Capital Sands Prime Minister Boris Johnson will call for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union. After securing Britain’s departure from the EU, the world’s largest trading bloc, on Jan. 31, […]
36 ministers to visit J&K next week, five months after Article 370 move
By Ritu, Capital Sands In a massive outreach by the central government in Jammu and Kashmir two months after it formally became a Union territory, about 36 union ministers are scheduled to visit it from January 18 to January 25 to meet people and exchange ideas on the possibilities in the region. While the Citizenship Amendment Act […]
Trump takes Sanders’ side in tiff with Warren over prospect of female U.S. president
By Ritu, Capital Sands U.S. President Donald Trump threw his support, welcome or not, behind Democratic presidential contender Bernie Sanders in his back-and-forth with rival Elizabeth Warren, saying he did not believe Sanders would suggest a woman could not win the 2020 election. Tensions between Warren and Sanders, two progressive U.S. senators who are running […]
Economic Calendar – Top 5 Things to Watch This Week
By Ritu, Capital Sands U.S. and China to bury the trade hatchet Chinese Vice Premier Liu He will visit Washington to sign the Phase 1 trade deal with the U.S. on Wednesday, which will deescalate the trade war between the two sides. But no deadline has been set for the next phase of talks to begin […]
USD/JPY Technical Analysis: Weekly close beyond 109.70/75 will be a call to bulls
By Ritu, Capital Sands USD/JPY trades positive near the two-week high, on a five-day winning streak. Bullish engulfing on the weekly chart confronts 109.48/52 resistance confluence. 200-week SMA adds to the resistance. USD/JPY takes the bids to 109.55 during the initial trading session on Friday. In doing so, the pair registers a bullish candlestick formation on the […]