• Latest
  • Trending
  • All
Stocks making recovery attempts, markets remain unstable

Stocks making recovery attempts, markets remain unstable

May 12, 2020 13:48
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Tuesday, February 7, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Stocks making recovery attempts, markets remain unstable

Stocks making recovery attempts, markets remain unstable

The dollar came under mild selling pressure against the majors on Tuesday

by Stephen Soo
May 12, 2020 13:48
in Fundamental analysis
0
Stocks making recovery attempts, markets remain unstable

Wall Street stocks closed on a mixed note overnight as several states have begun resuming regular business activity. On the other hand, a surge of new coronavirus infections in Germany and South Korea are suggesting that early efforts to lift restrictions could be premature, which makes investors worried. The Dow Jones Industrial Average ended down 0.45%, the Nasdaq Composite Index jumped 0.78%, while the broad-based S&P 500 ended essentially flat.

In Asia, stocks slipped on Tuesday, as Chinese inflation data for April missed expectations. The consumer price index rose 3.3% year-on-year versus expectations of a 3.7% increase, while the producer price index declined 3.1% year-on-year, as compared to a 2.6% fall expected. Also, market participants expressed worries about a second wave of coronavirus infections. As a result, China’s Shanghai Composite was down 0.11%, the S&P/ASX 200 in Australia fell 1.07%, Hong Kong’s Hang Seng index fell 1.48%, while in Japan, the Nikkei 225 declined 0.12%. 

European stock markets opened in the negative territory but managed to rebound marginally afterward as data showed new coronavirus cases have slowed. Also, gains for communications and healthcare shares offset declines in other sectors. US stock index futures are trading lower so far. 

The dollar, meanwhile, came under mild selling pressure against the majors on Tuesday. Still, the euro struggles to stage a decent recovery and remains around the 1.08 handle. GBPUSD is flat below the 50-DMA, threatening the 1.23 level further. USDJPY is stuck between the 200- and 20-DMAs, showing a minor bearish bias on the daily timeframes. 
Elsewhere, crude oil prices have settled around the $30 psychological level today after a rejection from above $31 on Monday. The market is marginally supported by the news that Saudi Arabia would cut production by an extra 1 million barrels per day in June. Nevertheless, as long as the prices remain below the mentioned handle, downside risks continue to persist. 

Tags: DOW JONESGBPUSDNasdaqNikkeiUSDJPY
Share3Tweet2
ADVERTISEMENT
Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Global stocks in recovery mode but still cautious

Global stock markets mostly lower as Fed rate hike looms

January 10, 2022 00:35
10
Investors getting envious ahead of US election

Investors getting envious ahead of US election

October 30, 2020 07:05
14
Stocks turn sour amid rising yields

Markets take positive cues from Wall Street

January 4, 2022 05:07
10

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews