• Latest
  • Trending
  • All
Risk sentiment has improved amid rising oil prices on expectations of demand pickup and supply cuts

Stocks and oil rally, dollar gains marginally

May 18, 2020 05:53
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 and oil rally, dollar gains marginally

Stocks and oil rally, dollar gains marginally

Risk sentiment has improved amid rising oil prices on expectations of demand pickup and supply cuts

by Stephen Soo
May 18, 2020 05:53
in Fundamental analysis
0
Risk sentiment has improved amid rising oil prices on expectations of demand pickup and supply cuts

Wall Street stocks rose marginally on Friday despite dismal US economic data rising U.S.-China tensions. The Dow gained 0.25%, the S&P 500 advanced 0.39% while the Nasdaq Composite climbed 0.79%. U.S. monthly retail sales fell by 16.4% last month while core retail sales dropped 15.3%.

Today in Asia, stocks gained after the Federal Reserve governor said in the recent interview that the American economy might start to recover this year from the coronavirus pandemic. Japan’s Nikkei 225 added 0.48% even after Japan slipped into a recession in the first quarter. Gross domestic product shrank an annualized 3.4% in the three months through March. On the trade front, White House trade advisor Peter Navarro said that Beijing sent “hundreds of thousands of Chinese on aircraft to Milan, New York and around the world” to spread the COVID-19 virus after hiding it from the world for two months.

European stock markets opened on a positive note, supported by data showing the slowest rate of growth in new-virus cases since late February. Economies across the continent continue to lift lockdown restrictions, adding to optimism among investors. Besides, risk sentiment has improved amid rising oil prices on expectations of demand pickup and supply cuts.

In currencies, the dollar is marginally higher against major counterparts. EURUSD still struggles to overcome the 1.08 handle despite the risk-on tone prevails in the financial markets. USDJPY climbed to the 107.30 area but the pair is yet to confirm a breakout on a daily closing basis. 

Elsewhere, Brent crude continues to climb on Monday as investors bet on a recovery in energy demand following the coronavirus crisis. The futures climbed to five-week highs around $34. Oil prices continue to recover, being supported by output cuts and signs of a gradual recovery in fuel demand as more countries ease restrictions imposed amid the coronavirus pandemic. Once above $34, Brent crude will target the $35 barrier. 

Tags: BRENTDOW JONESEURUSDFederal ReserveNasdaqNikkeiOilUSDJPY
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

Stocks mostly higher while dollar extends the retreat

Stocks mostly higher while dollar extends the retreat

April 14, 2021 05:08
13
Pound corrects higher due to dollar weakness

Major currency pairs little changed on the Thanksgiving holiday

November 26, 2020 09:40
16
Pound corrects higher due to dollar weakness

Dollar keeps bleeding nearly across the board

December 1, 2020 07:58
15

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