• Latest
  • Trending
  • All
Investors continue to monitor stimulus developments

Investors continue to monitor stimulus developments

October 22, 2020 06:22
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
Monday, January 30, 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 » Investors continue to monitor stimulus developments

Investors continue to monitor stimulus developments

by Stephen Soo
October 22, 2020 06:22
in Fundamental analysis
0
Investors continue to monitor stimulus developments

The greenback has steadied after a widespread sell-off seen yesterday

The US stock market slipped lower Wednesday, as investors monitored fiscal stimulus talks in Washington, with quarterly disappointing results from Netflix Inc. adding to the downbeat tone. U.S. President Donald Trump accused Democrats of being unwilling to craft an acceptable compromise on fresh stimulus. The Dow Jones Industrial Average shed 0.2%, the S&P 500 fell 0.22%, and the Nasdaq Composite lost 0.27%. 

In Asia, stocks followed Wall Street lower on Thursday as Majority Leader Mitch McConnell told fellow Republicans he warned the White House not to seal a relief deal before the election. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.31%. Stock indexes in Shanghai, Tokyo, Hong Kong, and Seoul retreated. 

European stocks followed suit and opened lower on Thursday after the U.S. accused foreign rivals of election interference. In particular, Washington accused Iran and Russia of interfering in the upcoming election. Also, there are negative developments on the coronavirus front. Over the last two weeks, the Czech Republic, the Netherlands, and Belgium have the highest infection rate per capita. As a result, the Stoxx Europe 600 dropped 0.9% while the German DAX lost over 1%. 

Meanwhile, the greenback has steadied after a widespread sell-off seen yesterday. EURUSD climbed to mid-September highs in the 1.1880 area and started to show some signs of a bearish correction while still holding well above the 1.18 handle. Later in the day, the pair could be affected by US jobless claims data while the developments surrounding the US stimulus package remain in market focus. 

Elsewhere, gold prices encountered resistance around $1,930 on Wednesday and failed to extend the local ascent despite dollar weakness. Today, the precious metal came back under the selling pressure though holding above $1,910. A bearish extension could bring the prices below the $1,900 handle which would be a negative scenario for the short-term technical picture. 

Tags: DAXDonald TrumpDOW JONESEURUSDGoldNasdaqStoxx 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

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

LONDON, ENGLAND - MARCH 04: A detail of the five and ten Euro bank notes, on March 4, 2016 in London, England. (Photo by Jim Dyson/Getty Images) Photographer: Jim Dyson/Getty Images Europe

EU Plans Joint Money-Laundering Cop After Years of Bank Scandals

May 7, 2020 10:31
14
Pound corrects higher due to dollar weakness

Dollar gives up gains as risk sentiment improves

September 22, 2020 08:49
12
Tech analysis

Greenback on the back foot as risk-on tone improves

December 23, 2020 09:30
18

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