• Latest
  • Trending
  • All
Stocks little changed ahead of the Fed meeting

Stocks little changed ahead of the Fed meeting

April 27, 2021 05:32
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
Sunday, January 29, 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 little changed ahead of the Fed meeting

Stocks little changed ahead of the Fed meeting

by Stephen Soo
April 27, 2021 05:32
in Fundamental analysis
0
Stocks little changed ahead of the Fed meeting

 
The U.S. central bank is expected to confirm that it will maintain its easy monetary policy

Wall Street stocks closed mostly higher overnight, rising to a new record as investors looked ahead to the Federal Reserve meeting that starts today. Market players expect the central bank to leave rates unchanged while Powell’s tone could bring some volatility to the markets. As such, S&P 500 index rose 0.18%, Nasdaq gained 0.87%, and the Dow slipped 0.18%.

Asian stocks were little changed on Tuesday, struggling for direction ahead of the Federal Reserve’s policy decision despite the U.S. central bank is expected to confirm that it will maintain its easy monetary policy. Meanwhile, US benchmark 10-year yields rose slightly to 1.573%. The Nikkei 225 in Tokyo lost 0.46% and the Hang Seng in Hong Kong retreated 0.04%. The Shanghai Composite Index gained just 0.04%, the Kospi in Seoul declined 0.07% while the S&P/ASX 200 in Australia fell 0.17%.

In Europe, equities are trading largely unchanged on Tuesday, with ranges being tight as the focus has been on the European corporate earnings season and the upcoming Fed meeting. The pan-European Stoxx 600 slid 0.1% below the flat-line in early trading. U.S. stock futures held steady in early premarket trading on Tuesday.

Meanwhile, the dollar advances further on Tuesday amid rising Treasury yields and worsening investor sentiment. As such, EURUSD extends its downside correction from two-month highs above 1.2100 and was last seen just above the 100-DMA. A break below this moving average, which arrives at 1.2050 today, would pave the way towards the 1.2000 figure.

In other markets, Brent crude failed to challenge the $66 figure once again and retreated from intraday peaks in recent trading while holding above the 20-DMA. In part, the prices struggle to regain upside momentum amid a recovery in the safe-haven dollar demand. Later today, the API weekly report could affect short-term dynamics in the market.

Tags: EURUSDFederal ReserveJerome PowellNasdaqNikkeiS&P 500Stoxx 600
Share4Tweet3
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

Pound corrects higher due to dollar weakness

Dollar bulls remain in control

August 10, 2021 11:52
13
Dollar lacks upside momentum due to lower Treasury yields

USD index keeps flirting with 100.00

April 12, 2022 06:22
16

The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’

October 30, 2020 11:12
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