• Latest
  • Trending
  • All
Santa Claus rally has finally started

Santa Claus rally has finally started

December 29, 2020 03:39
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 » Santa Claus rally has finally started

Santa Claus rally has finally started

by Stephen Soo
December 29, 2020 03:39
in Fundamental analysis
0
Santa Claus rally has finally started

Investors cheer the decision by Trump to sign a coronavirus economic aid package

Overnight, Wall Street stocks climbed to fresh all-time highs as investors cheered the decision by President Donald Trump to sign a $900 billion coronavirus economic aid package along with to fund government agencies, averting a federal government shutdown. As such, the S&P 500 gained 0.87%, the Dow Jones climbed 0.68%, and the Nasdaq rose 0.74%.

Most Asian markets advanced on Tuesday, digesting upbeat news from the United States, with Japan’s Nikkei 225 index breaching a nearly 30-year high. The index jumped 2.66% and was trading above 27,000 for the first time since April 1991. In Hong Kong, the Hang Seng index rose nearly 1% while Australia’s S&P/ASX 200 climbed 0.53%. Meanwhile, the Shanghai Composite index in China bucked the trend and slipped 0.54%.

In Europe, equities opened higher following a rally in U.S. stocks, with the pan-European Stoxx 600 index rising 0.68% at the open. Traders reacted positively to the reports that the House voted Monday to increase the second round of federal direct payments to $2,000 from $600. Positive sentiment in the region is also due to a Brexit trade deal that was agreed between the EU and U.K. the deal will be formally implemented on January 1. As such, London’s FTSE 100 index opened 1.6% higher Tuesday.

Meanwhile, the dollar is back under pressure against most rivals amid a widespread risk-on tone. Against this backdrop, EURUSD was challenging the 1.2250 intermediate resistance after the opening bell in Europe while GBPUSD bounced from the 20-DMA and exceeded the 1.3500 figure after a brief dip to 1.3430.

Elsewhere, crude oil prices have settled in a tightening range, clinging to the $51 handle on Tuesday. It looks unlikely that Brent will be able to overcome the $52 figure before the end of the month and the year as trading conditions are too thin now.

Tags: DOW JONESEURUSDFTSE 100GBPUSDHang SengNasdaqNikkeiOilStoxx 600
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

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

Markets buoyed by vaccine hopes and easing trade tensions

Fresh vaccine news and upbeat economic data fuel investor optimism

December 1, 2020 05:33
13
The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S.

Fed sees U.S. economy on track, Trump renews Fed gripes

April 15, 2020 11:29
17
Stocks mostly lower amid rising bond yields

Stocks mostly lower amid rising bond yields

February 23, 2021 03:21
13

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