• Latest
  • Trending
  • All
Dollar remains on the offensive while stocks keep bleeding on virus concerns

Dollar remains on the offensive while stocks keep bleeding on virus concerns

September 22, 2020 05:46
Russian ruble licks wounds at all-time lows

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
Equity markets mixed ahead of the weekend

Markets struggle for direction as worries persist

June 30, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

Greenback continues to outperform its rivals

June 29, 2022 05:31
Stocks retain bullish bias, capping dollar’s recovery

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
Geopolitics pushes global markets south, dollar bulls back in the game

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

USD slightly on the defensive to start the week

June 27, 2022 06:04
Markets struggle for direction, dollar steady after gains

Stock market rally continues, pressuring the dollar

June 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar resumes the downside, looks choppy

June 24, 2022 06:22
Risk sentiment looks mixed, dollar retreats marginally

Equities in positive territory ahead of the weekend, dollar lags

June 24, 2022 05:13
Stocks making recovery attempts, markets remain unstable

Markets indecisive as recession fears persist

June 23, 2022 09:11
Dollar lacks upside momentum due to lower Treasury yields

USD regains bullish bias, volatility ebbs somehow

June 23, 2022 08:44
  • Terms & Сonditions
  • Contact
Friday, July 1, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

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

Home » Dollar remains on the offensive while stocks keep bleeding on virus concerns

Dollar remains on the offensive while stocks keep bleeding on virus concerns

by Stephen Soo
September 22, 2020 05:46
in Fundamental analysis
0
Dollar remains on the offensive while stocks keep bleeding on virus concerns

The greenback capitalized on massive risk aversion at the start of the week and retains a bullish bias on Tuesday


US stocks fell on Monday, though pared its losses by the end of the day. The plunge was due to a widespread sell-off in global stock on worries about the pandemic’s economic pain. The S&P 500 fell 1.2%, extending its losing streak to four days. The Dow Jones Industrial Average lost 1.8%, and the Nasdaq Composite slipped 0.1% after recovering from a 2.5% drop.

Today in Asia, the selling pressure persisted amid the lingering virus fears and concerns about fresh lockdowns while issues in the banking sector added to the negative pressure in the markets. Hong Kong’s Hang Seng lost 0.97%, the Kospi in South Korea sank 2.37%, the S&P/ASX 200 in Australia lost 0.66% and the Shanghai Composite index 1.28% lower. Tokyo’s markets were closed for a national holiday. 


In Europe, equities opened marginally higher after their worst session in more than three months. Rising cases of coronavirus and tighter economic restrictions will likely prevent regional stocks from a more sustainable recovery in the short term, with the overall investor sentiment remaining cautious. Later today, Federal Reserve Chairman Jerome Powell will appear in front of a House committee. 

Meanwhile, the greenback capitalized on massive risk aversion at the start of the week and retains a bullish bias on Tuesday. In recent trading, GBPUSD dropped to two-month lows marginally above 1.27 where the 100- and 200-DMAs acted as support and triggered a local bounce. However, the pair remains in the red on the daily charts, as the cable is pressured by a risk-off tone coupled with the ongoing Brexit woes. The BoE Governor Andrew Bailey said that the UK economic recovery has been quite rapid and substantial. However, the pair was nearly unaffected by these comments as traders were focused on negative developments surrounding the pandemic and Brexit. 


Elsewhere, bitcoin keeps grinding lower after a rejection from the $11,100 region seen last week. BTCUSD is now stuck between the 20- and 100-DMAs, deriving support from the $10,300 area. As long as the prices stay above the $10,000 psychological level, downside risks are limited. 

Tags: BTCUSDDollarDOW JONESGBPUSDHang SengNasdaq
Share3Tweet2
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

Russian ruble licks wounds at all-time lows
Technical analysis

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
15
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction as worries persist

June 30, 2022 04:15
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback continues to outperform its rivals

June 29, 2022 05:31
15
Stocks retain bullish bias, capping dollar’s recovery
Fundamental analysis

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
18
Geopolitics pushes global markets south, dollar bulls back in the game
Fundamental analysis

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
19

Leave Your Opinion Cancel reply

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

Recommended

Pound corrects higher due to dollar weakness

Dollar rallies across the board, commodity currencies plunge

October 15, 2020 10:36
14
Investor sentiment mixed at the start of the week

Investor sentiment mixed at the start of the week

February 22, 2021 02:54
16

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

June 9, 2021 14:44
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 © 2020 FWNews

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

Copyright © 2020 FWNews