By Administrator_India Capital Sands Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 1.1%, to $71.24 a barrel at 0131 […]
By Administrator_India Capital Sands Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat – only slightly off multi-year highs. Brent crude futures were down 52 cents, or 0.7%, at […]
By Administrator_India Capital Sands After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on – leaving the U.S. dollar under pressure and most majors stuck in ranges. Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs […]
By Administrator_India Capital Sands The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve’s stimulus. The euro fetched $1.21915, bouncing back from its three-week low of $1.2104 set on Friday while the […]
By Administrator_India Capital Sands The dollar found support on Thursday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, and as traders await crucial U.S. inflation data this week. In a market heavily short dollars, the mere suggestion of tapering is enough to temper further selling […]
By Administrator_India Capital Sands Washington: COVID-19 vaccines that are available in the United States are effective against the deadly variant that was first detected in India, top US health officials said on Tuesday. The B.1.617 virus variant, first identified in India last year, has been classified as a ”variant of concern” by the World Health Organisation. […]
By Administrator_India Capital Sands The U.S. dollar was supported on Monday amid renewed worries about coronavirus restrictions in Asia, but investors are heavily positioned for it to fall while the U.S. Federal Reserve keeps rates low. Easing commodity prices and virus outbreaks in Singapore and Taiwan – where COVID-19 had been contained – helped modest […]
By Administrator_India Capital Sands The U.S. Centers for Disease Control and Prevention (CDC) on Thursday advised that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places, updated guidance the agency said will allow life to begin to return to normal. The CDC, which hopes the […]
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 […]
By Administrator_India Capital Sands U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday could pile pressure on the White House […]