• Latest
  • Trending
  • All
Stocks mostly higher to start the week, curbing USD demand

Stocks mostly higher to start the week

January 25, 2021 05:34
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 » Stocks mostly higher to start the week

Stocks mostly higher to start the week

by Stephen Soo
January 25, 2021 05:34
in Fundamental analysis
0
Stocks mostly higher to start the week, curbing USD demand

Equities keep climbing on hopes that COVID-19 vaccines will lead to a powerful economic recovery later this year

Wall Street stocks ended Friday’s session mostly lower after a round of records earlier in the week. On the data front, the IHS Markit services PMI rose to a two-month high of 57.5 in January from 54.8 in the prior month, while a survey for the manufacturing sector climbed to a record 59.1 from 57.1. on the other hand, U.S. existing home sales in December increased less than 1% to 6.76 million. As a result, the Dow Jones Industrial Average lost 0.57%, the S&P 500 index closed 0.30% lower, and the Nasdaq Composite Index gained 0.1%.

Asian stocks were mostly up on Monday on hopes that COVID-19 vaccines will lead to a powerful economic recovery later this year. On the negative side, the Chinese government has reimposed travel controls after outbreaks in Beijing and other cities ahead of February’s Lunar New Year holiday. As such, Japan’s benchmark Nikkei 225 gained nearly 0.7%, Australia’s S&P/ASX200 added 0.36%, South Korea’s Kospi gained 2.18%. Hong Kong’s Hang Seng jumped 2.4%, while the Shanghai Composite gained nearly 0.5%.

In Europe, stocks opened higher to start the day, mirroring the optimism in US futures ahead of key events to watch out for in trading this week, including the Federal Reserve meeting due on Wednesday and fresh earnings reports while the World Economic Forum kicks off in a digital format on Monday.

Meanwhile, the dollar came back under some pressure on Monday, fading somewhat from Friday’s decent advance as risk demand prevails at the start of the week. EURUSD has settled above the 1.2150 area but still refrains from a recovery above the 1.2200 handle, being capped by the 20-DMA. In the near term, the pair needs to overcome this barrier in order to see a more robust recovery following the recent downside correction.

Tags: Covid-19EURUSDFederal ReserveHang SengNasdaqNikkei
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

EU leaders will hold a virtual summit to discuss their response to the coronavirus outbreak

Global market sentiment deteriorates after a rally

March 26, 2020 12:46
31

Federal Reserve Board’s offices in Washington, D.C., will be closed Friday, June 18, in observance of Juneteenth National Independence Day

June 17, 2021 14:44
10
Dollar lacks upside momentum due to lower Treasury yields

Dollar retreats as traders await US jobs report

January 7, 2022 02:33
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 © 2022 FWNews

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

Copyright © 2022 FWNews