• Latest
  • Trending
  • All
Risk sentiment turns sour again, oil at two-month lows

Risk sentiment turns sour again, oil at two-month lows

September 8, 2020 05:11
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 » Risk sentiment turns sour again, oil at two-month lows

Risk sentiment turns sour again, oil at two-month lows

by Stephen Soo
September 8, 2020 05:11
in Fundamental analysis
0
Risk sentiment turns sour again, oil at two-month lows

In Europe, stocks opened higher but failed to preserve gains and turned negative on the day 


The US stock market was closed on Monday for the U. S. Labor Day holiday. Today in Asia, stocks traded in the green despite lingering uncertainty over the coronavirus pandemic.  Japan released revised gross domestic product figures for the second quarter that showed the country’s economy shrinking an annualized 28.1%, worse than the preliminary result of -27.8%. The Nikkei 225 advanced 0.8% during the session despite weak numbers. Australia’s S&P/ASX 200 added 1.06%, South Korea’s Kospi gained 0.74% while Hong Kong’s Hang Seng was up just 0.14%.


In Europe, stocks opened higher but failed to preserve gains and turned negative on the day amid rising US-China tensions and rising virus cases in Germany and the UK. Also, investors are nervous ahead of Brexit talks due later today. Besides, a cautious approach is due to the upcoming ECB meeting due on Thursday as the central bank could indicate that downside risks have intensified amid the ongoing pandemic. U.S. futures pointed to a weaker open after the long holiday weekend. 


Meanwhile, dollar demand persists as risk sentiment looks mixed. EURUSD is clinging to the 1.18 handle, struggling to regain the upside bias after failed attempts to break above the 1.20 barrier. Later today, the Eurozone unemployment and GDP data could affect short-term dynamics in the EURUSD pair. In a wider picture, the common currency remains within a longer-term bullish trend despite the current downside correction. 


Elsewhere, oil prices extended losses to two-month lows around $41.20 in recent trading as investor sentiment turned sour again while dollar demand persisted. Besides, traders continue to express concerns over the outlook for demand recovery as Saudi Arabia cuts prices for its Asian buyers, citing weaker consumption in the region. In the short term, Brent will likely remain under the selling pressure and could even derail the $40 handle for the first time late-June if the API and EIA reports disappoint. 

Tags: ChinaECBEURUSDNikkeiUS
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
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
Risk demand reemerges cautiously, but caution remains in place
Fundamental analysis

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
14

Leave Your Opinion Cancel reply

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

Recommended

Federal Reserve Board announces approval of notice by Morgan Stanley

September 30, 2020 11:00
10
ECB holds rates as strategic review gets underway

ECB holds rates as strategic review gets underway

January 23, 2020 09:48
21
Investors bet on Democrats victory in Georgia

Investors bet on Democrats victory in Georgia

January 6, 2021 08:24
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