The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one […]
US Economy Re-open hopes
Dow Futures Trade Flat Ahead of U.S. Midterm Elections
U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extended […]
U.S. dollar’s shine fading, but risk high of rush to safe havens
By Administrator_India Capital Sands A fading of the U.S. dollar’s allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months. Most major and emerging […]
Dollar Up in The Aftermath of Bad Economic News
By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia with investor risk appetite soured by an onslaught of bad economic news. The US Dollar Index that tracks the greenback against a basket of other currencies gained 0.05% to 100.185, as investors looked to the dollar as a safe haven. The U.S. […]
Gold Continues Retreat Despite Decreased Risk Sentiment
By Administrator_India Capital Sands Gold was down on Monday in Asia despite the souring of the increased risk sentiment from Friday’s slew of good news over the weekend. Gold retreated almost 2% in the previous session as U.S. President Donald Trump announced guidelines to re-open his country’s economy on Thursday and Gilead Sciences’ report on the same day of […]