• Latest
  • Trending
  • All
Concerns over a potential second wave cap demand for risky assets

Stocks, dollar mixed amid the lingering uncertainly

June 18, 2020 05:44
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, March 28, 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, dollar mixed amid the lingering uncertainly

Stocks, dollar mixed amid the lingering uncertainly

Concerns over a potential second wave cap demand for risky assets

by Stephen Soo
June 18, 2020 05:44
in Fundamental analysis
0
Concerns over a potential second wave cap demand for risky assets

Wall Street stocks mostly fell overnight, ending a three-day S&P 500 winning streak amid another spike in confirmed coronavirus cases in the country, fueling concerns over a potential second wave. However, there was a bright spot on the data front. In particular, mortgage applications in the United States jumped 4% last week and were up 21% from the year-ago period. Meanwhile, Federal Reserve Chair Jerome Powell revealed plans to slowly shift the central bank’s corporate-credit purchases from exchange-traded funds to individual bonds. As a result, the Dow Jones Industrial Average closed down 0.6%, the S&P 500 lost 0.4%, while the Nasdaq Composite added 0.1%.

Today in Asia, stocks retreated due to the lingering coronavirus concerns amid rising coronavirus cases in China, denting hopes of a quick global economic recovery from the pandemic. Rising tensions between China and India added to the downbeat sentiment in the regional markets. In Australia, S&P/ASX 200 lost nearly 1% after the government report showed that the unemployment rate exceeded 7% while 228,000 jobs were lost for a total of 835,000 jobs lost in two months. Japan’s Nikkei 225 was down 0.44% and the Hang Seng in Hong Kong fell 0.3%, while China’s Shanghai Composite index was 0.11% higher on the day.

European equities edged lower early on Thursday as investors remained cautious amid the above-mentioned developments and ahead of the Bank of England monetary policy decision. The Stoxx Europe 600 slipped 0.32% following two days of gains. However, some stocks turned positive after a negative start of the day, with German DAX 30 gaining 0.69% and the French CAC 40 adding 0.24%. Later today, the Bank of England could announce at least £100 million more in quantitative easing.  

Meanwhile, the greenback is mixed today, with major currency pairs little changed ahead of the upcoming events. EURUSD is oscillating around 1.1250, struggling for direction after failed attempts to break above the 1.13 barrier. GBPUSD is edging lower as traders are adjusting their positions ahead of the Bank of England decision. The pair is on the verge of losing the 1.25 support, a break below which will send the prices to the 50-DMA around 1.2425. 

Tags: Bank of EnglandDAXDOW JONESEURUSDFederal ReserveGBPUSDJerome PowellNasdaqNikkeiStoxx 600
Share2Tweet2
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

A slow start to the week in FX markets

The yen is the weakest as risk-on sentiment drives markets

August 25, 2020 09:22
20

Changing your portfolio based on this election may be a mistake as the Fed could matter more

November 2, 2020 11:12
10
Dollar lacks upside momentum due to lower Treasury yields

Dollar retreats, gearing up for another attack

December 14, 2021 00:21
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