• Latest
  • Trending
  • All
Risk aversion intensifies, dollar demand picks up gradually

Risk aversion intensifies, dollar demand picks up gradually

July 30, 2020 06:03
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
Dollar lacks upside momentum due to lower Treasury yields

Major currencies struggle below key SMAs

May 19, 2022 06:02
Geopolitical tensions ease but risks persist

Global stock rout continues on growth fears

May 19, 2022 05:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
Dollar lacks upside momentum due to lower Treasury yields

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
Sentiment turns sour, dollar steadies ahead of the weekend

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
Dollar lacks upside momentum due to lower Treasury yields

Dollar off tops but resilient

May 16, 2022 05:44
Stocks mostly lower despite upbeat economic data

Markets failed to extend the bounce, back under pressure

May 16, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

Dollar refrains from a deeper retreat

May 13, 2022 06:04
Dollar lacks upside momentum due to lower Treasury yields

The greenback seems unstoppable

May 12, 2022 06:34
  • Terms & Сonditions
  • Contact
Sunday, May 22, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    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

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

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

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

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

Home » Risk aversion intensifies, dollar demand picks up gradually

Risk aversion intensifies, dollar demand picks up gradually

Germany reported its worst decline in GDP since 1970

by Stephen Soo
July 30, 2020 06:03
in Fundamental analysis
0
Risk aversion intensifies, dollar demand picks up gradually

Us stocks ended higher on Wednesday as investors digested the message from the Federal Reserve that reiterated its promise to provide support until the threat of the coronavirus to the U.S. economy has passed. The central bank left benchmark interest rates unchanged near zero, as expected. Meanwhile, the CEOs of big tech companies emerged from a House antitrust hearing relatively unscathed. As a result, the Dow Jones Industrial Average ended 0.6% higher, the S&P 500 added 1.2%, and the Nasdaq Composite climbed 1.4%.

Today in Asia, stocks were mixed on Thursday. Japan’s Nikkei 225 dipped 0.25% despite Japan reporting retail sales rose by a better-than-forecast 13.1% in June. South Korea’s Kospi rose 0.17% while Australia’s S&P/ASX 200 picked up 1%. Hong Kong’s Hang Seng index declined nearly 0.7% while China’s Shanghai Composite ended 0.235 lower. In individual stocks, Samsung Electronics received a strong boost in second-quarter profit due to strong demand for chips. 

European markets opened in the negative territory today amid lingering worries about a possible second wave of the coronavirus pandemic. The Stoxx Europe 600 dropped 1.32%. The German DAX plunged 2.5% and the FTSE 100 dropped 1.7%. On the data front, Germany reported its worst decline in GDP since 1970 despite the contraction was less than expected. Eurozone July final consumer confidence came in at -15.0 versus the preliminary estimate of -15.0. Eurozone June unemployment rate arrived at 7.8% versus 7.7% expected.

Meanwhile, the greenback shifted into a corrective mode after another sell-off witnessed after the announcement of the Fed’s meeting outcome. EURUSD rally stalled around 1.18 yesterday. Now, the pair threatens the 1.1730 intermediate support, a break below which could open the way to 1.17. of note, weak economic data out of Germany and the Eurozone failed to put the common currency under the additional selling pressure. Despite the current recovery in dollar demand amid the intensifying risk aversion, the downside potential for the EURUSD pair remains limited. 

Tags: DAXEURUSDFTSE 100NasdaqNikkeiStoxx 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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

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

May 20, 2022 06:21
11
Investor sentiment looks neutral at the start of the week
Fundamental analysis

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Major currencies struggle below key SMAs

May 19, 2022 06:02
12
Geopolitical tensions ease but risks persist
Fundamental analysis

Global stock rout continues on growth fears

May 19, 2022 05:00
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
15
Chinese data spooks investors, sentiment turns sour
Fundamental analysis

Stock markets turn directionless after a bounce

May 18, 2022 05:08
15

Leave Your Opinion Cancel reply

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

Recommended

Pound corrects higher due to dollar weakness

Downside momentum in the dollar persists ahead of Christmas

December 24, 2020 06:42
12
Pound corrects higher due to dollar weakness

Dollar trims losses but stays under pressure

February 10, 2021 06:45
13
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

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