• Latest
  • Trending
  • All
Global stocks edge lower, dollar steady

Global stocks edge lower, dollar steady

January 26, 2021 04:44
Stocks mixed, dollar indecisive to start the new month

Stocks mixed, dollar indecisive to start the new month

December 1, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD keeps refreshing August lows

November 30, 2023 07:00
Global stocks mixed with Fed and China in focus

Global stocks mixed with Fed and China in focus

November 29, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar needs fresh impetus

November 28, 2023 07:00
Risk demand keeps waning in muted trading

Risk demand keeps waning in muted trading

November 27, 2023 08:00
Markets mixed in subdued holiday trading

Markets mixed in subdued holiday trading

November 24, 2023 09:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback struggles to retain demand

November 23, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar attracts some demand

November 22, 2023 07:00
Markets await Fed Minutes

Markets await Fed Minutes

November 21, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD retains bearish bias to start the week

November 20, 2023 07:00
Risk rally wanes ahead of the weekend

Risk rally wanes ahead of the weekend

November 17, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Greenback extends modest recovery

November 16, 2023 07:00
  • Terms & Сonditions
  • Contact
Sunday, December 3, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

    Equities struggle for direction ahead of Powell’s speech

    Equities struggle for direction ahead of Powell’s speech

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

    Equities struggle for direction ahead of Powell’s speech

    Equities struggle for direction ahead of Powell’s speech

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

Home » Global stocks edge lower, dollar steady

Global stocks edge lower, dollar steady

by Stephen Soo
January 26, 2021 04:44
in Fundamental analysis
0
Global stocks edge lower, dollar steady

Investors anticipate fresh earnings reports and a meeting of the Federal Reserve

Wall Street stocks saw a mixed finish in volatile trading on Monday as investors anticipate fresh earnings reports and a meeting of the Federal Reserve which ends Wednesday. Also, Biden’s party holds only the slimmest possible majority in the Senate, raising doubts about approval of his $1.9-trillion plan. As such, the S&P 500 rose 0.36%, the Dow Jones Industrial Average dipped 0.12%, and the Nasdaq Composite rose 0.69%.

In Asia, equities were lower across the board on Tuesday, retreating from record highs amid stimulus worries and the ongoing pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.7%. In China, the Shanghai Composite index dropped 1.51% after the central bank withdrew cash from the banking system.

European stocks opened mostly higher on Tuesday, as market sentiment has improved somewhat. Still, downside risks continue to persist in the short term despite a mild bounce in the US stock index futures. In Italy, Prime Minister Giuseppe Conte is expected to resign today after a morning cabinet meeting. In individual stocks, UBS reported a net income of $1.71 billion for the fourth quarter of 2020, a 137% jump on the year.

Meanwhile, the greenback climbed to one-week highs in recent trading amid a more downbeat tone surrounding risky assets. However, gains in the USD looks limited, with the euro getting flat during the European hours after an earlier decline to the 1.2100 area that acted as support. Still, bullish potential in the EURUSD pair is being capped by the 20-DMA that represents the key immediate resistance ahead of the two-day FOMC meeting.

Elsewhere, Brent crude is off intraday lows after an earlier dip. Oil prices continue to trade within a tightening range, struggling for direction these days. The futures continue to derive support from the 20-DMA that arrives around $54.55. The upside potential is now capped by a stronger dollar in combination with the prevailing risk-off tone in the global financial markets.

Tags: BRENTDOW JONESEURUSDJoe BidenNasdaq
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

Stocks mixed, dollar indecisive to start the new month
Fundamental analysis

Stocks mixed, dollar indecisive to start the new month

December 1, 2023 08:00
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD keeps refreshing August lows

November 30, 2023 07:00
11
Global stocks mixed with Fed and China in focus
Fundamental analysis

Global stocks mixed with Fed and China in focus

November 29, 2023 08:00
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar needs fresh impetus

November 28, 2023 07:00
12
Risk demand keeps waning in muted trading
Fundamental analysis

Risk demand keeps waning in muted trading

November 27, 2023 08:00
14
Markets mixed in subdued holiday trading
Fundamental analysis

Markets mixed in subdued holiday trading

November 24, 2023 09:01
15

Leave Your Opinion Cancel reply

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

Recommended

Brent crude extends the rally and has already exceeded the $26 handle

Stocks mostly upbeat, oil in a recovery mode

April 30, 2020 06:25
18
Dollar lacks upside momentum due to lower Treasury yields

USD comes off lows but stays depressed in the short term

July 20, 2022 07:29
19
Pound corrects higher due to dollar weakness

Dollar steadies after a sell-off

August 30, 2021 09:00
51

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
124
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