• Latest
  • Trending
  • All
Gains in stocks are tempered by a record rise in coronavirus cases in the U.S

Stocks mostly higher, dollar demand wanes at the end of the week

June 26, 2020 08:27
Dollar lacks upside momentum due to lower Treasury yields

Dollar comes off fresh lows in volatile trading

May 27, 2022 06:55
Investor sentiment mixed in thinner pre-holiday deals

Investors cautiously optimistic ahead of the weekend

May 27, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

USD back under pressure as market sentiment improves

May 26, 2022 06:57
Downbeat tone ahead of news from the US

Markets digest FOMC meeting minutes

May 26, 2022 06:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar off one-month lows as bulls reenter the game

May 25, 2022 06:12
Market sentiment worsens across the world

Stocks bounce after another widespread sell-off

May 25, 2022 04:54
Dollar lacks upside momentum due to lower Treasury yields

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
Global stocks in recovery mode but still cautious

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Markets digest the inflation shock, dollar enjoys the rally

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
Dollar lacks upside momentum due to lower Treasury yields

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
Investor sentiment looks neutral at the start of the week

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
  • Terms & Сonditions
  • Contact
Saturday, May 28, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment mixed in thinner pre-holiday deals

    Investors cautiously optimistic ahead of the weekend

    Downbeat tone ahead of news from the US

    Markets digest FOMC meeting minutes

    Market sentiment worsens across the world

    Stocks bounce after another widespread sell-off

    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment mixed in thinner pre-holiday deals

    Investors cautiously optimistic ahead of the weekend

    Downbeat tone ahead of news from the US

    Markets digest FOMC meeting minutes

    Market sentiment worsens across the world

    Stocks bounce after another widespread sell-off

    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

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

Home » Stocks mostly higher, dollar demand wanes at the end of the week

Stocks mostly higher, dollar demand wanes at the end of the week

Gains in stocks are tempered by a record rise in coronavirus cases in the U.S

by Stephen Soo
June 26, 2020 08:27
in Fundamental analysis
0
Gains in stocks are tempered by a record rise in coronavirus cases in the U.S

Wall Street stocks climbed on Thursday due to a rally in shares of banks, which rose on the news that U.S. banking regulators decided to ease restrictions created in the aftermath of the Great Recessions, allowing banks to more easily make large investments into venture capital and similar funds. On the data front, the U.S. economy shrank by 5% in the first quarter of the year. The Dow Jones Industrial Average closed up 1.2%, the S&P 500 finished 1.1% higher, and the Nasdaq Composite climbed 1.1%.

In Asia, stocks were mostly higher on Friday, also cheering the reports that U.S. regulators removed some limits on banks’ ability to make investments. The Nikkei 225 in Tokyo rose 1% while Seoul’s Kospi gained 0.7%, Hong Kong’s Hang Seng lost 0.4%, and the S&P-ASX 200 in Sydney added 1.1%. Chinese markets were closed for a holiday.

European markets climbed at the open as the German infection rates declined. Meanwhile, Air France-KLM stocks rallied after the Netherlands promised more state aid. At the same time, gains in stocks are tempered by a record rise in coronavirus cases in the U.S. The Stoxx Europe 600 index rose 0.7%. 

Meanwhile, dollar demand started to wane as risk sentiment looks mostly positive. EURUSD has settled marginally above the 1.12 handle, struggling for firmer direction at the end of the trading week following two daily pullbacks. Should risk demand deteriorate any time soon, the pair may be easily pushed into negative territory again.

Elsewhere, bitcoin price failed to get back above the 50-DMA and extended the decline, threatening the $9,000 figure on Friday. A break below this significant support could bring the leading digital currency to the $8,800 region next. On the upside, the mentioned moving average now acts as the immediate resistance. 

Tags: BITCOINDOW JONESEURUSDNasdaqNikkeiStoxx 600
Share2Tweet1
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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar comes off fresh lows in volatile trading

May 27, 2022 06:55
13
Investor sentiment mixed in thinner pre-holiday deals
Fundamental analysis

Investors cautiously optimistic ahead of the weekend

May 27, 2022 04:15
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD back under pressure as market sentiment improves

May 26, 2022 06:57
15
Downbeat tone ahead of news from the US
Fundamental analysis

Markets digest FOMC meeting minutes

May 26, 2022 06:46
20
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar off one-month lows as bulls reenter the game

May 25, 2022 06:12
20
Market sentiment worsens across the world
Fundamental analysis

Stocks bounce after another widespread sell-off

May 25, 2022 04:54
21

Leave Your Opinion Cancel reply

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

Recommended

Equity markets mixed ahead of the weekend

Equity markets rally on positive updates on Omicron

December 23, 2021 01:26
10
Equities lose ground amid heightened uncertainty

Equities lose ground amid heightened uncertainty

August 13, 2020 09:10
15
Pound corrects higher due to dollar weakness

Greenback steadies but remains vulnerable

May 24, 2021 08:00
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 © 2020 FWNews

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

Copyright © 2020 FWNews