• Latest
  • Trending
  • All
The dollar is higher against the European currencies and heading south versus the Japanese yen

Investors signal lack of drivers, dollar mixed

June 9, 2020 05:39
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
Saturday, April 1, 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 » Investors signal lack of drivers, dollar mixed

Investors signal lack of drivers, dollar mixed

The dollar is higher against the European currencies and heading south versus the Japanese yen

by Stephen Soo
June 9, 2020 05:39
in Fundamental analysis
0
The dollar is higher against the European currencies and heading south versus the Japanese yen

Wall Street stocks continued to rally overnight, with Nasdaq jumping to an all-time, and the S&P 500 entering into positive territory for the year. Investors further expressed optimism about the pace of economic recovery after better-than-expected employment data released on Friday. Drugmakers announced promising test results for coronavirus treatments, adding to investor bullishness. The Dow finished up 1.7%, the S&P 500 gained 1.2%, and the Nasdaq Composite ended up 1.1%.

In Asia, stocks followed suit and rose for a ninth session in a row amid further easing of coronavirus lockdown measures. Australia’s S&P/ASX 200 led the gains in the region and surged 2.44%, returning to trade following a Monday holiday while the Nikkei 225 in Japan closed 0.38% lower. Overall, the MSCI Asia ex-Japan index added 1%.

Meanwhile, European equities opened lower again as regional investors seem to lack fresh drivers to continue buying after last week’s rally. In France, CAC 40 sheds 2% after the Bank of France economic forecasts showed that the economy will likely take two years to return to its pre-coronavirus pandemic growth. On the data front, Germany’s trade surplus narrowed further to EUR3.2 billion in April versus EUR10 billion expected and EUR12.8 billion previously. 

Elsewhere, the dollar is higher against the European currencies and heading south versus the Japanese yen as risk sentiment is deteriorating. EURUSD extended its retreat from recent highs and registered intraday lows around 1.1240. Eurozone Q1 revised GDP contracted 3.6% versus-3.8% q/q expected. 

In other markets, bitcoin remains within a parallel channel, struggling to decide on the direction. BTCUSD lacks the impetus to make a decisive break above the $9,800 intermediate resistance as traders remain cautious following a sell-off witnessed on June 2. On the downside, failure to hold above $9,400 could bring the market focus back to the $9,000 handle. In the short term, the digital currency may extend the current consolidation. 

Tags: BITCOINBTCUSDEURUSDNasdaqNikkei
Share4Tweet2
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

U.S. President Donald Trump answers questions about his administration's plans for "Opening Up America Again" during the daily coronavirus task force briefing at the White House in Washington, U.S.

Trump unveils three-stage process for states to end coronavirus shutdown

April 17, 2020 06:53
14

Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing

January 20, 2021 14:45
12
Pound corrects higher due to dollar weakness

Euro is back under pressure, dollar rallies

September 16, 2021 08:20
16

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