• Latest
  • Trending
  • All
Downbeat tone ahead of news from the US

Downbeat tone ahead of news from the US

August 17, 2021 05:26
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays afloat as gold rally pauses

December 5, 2023 07:00
Stocks mixed while gold at fresh all-time highs to start the week

Stocks mixed while gold at fresh all-time highs to start the week

December 4, 2023 08:00
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
  • Terms & Сonditions
  • Contact
Tuesday, December 5, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    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

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    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

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

Home » Downbeat tone ahead of news from the US

Downbeat tone ahead of news from the US

by Stephen Soo
August 17, 2021 05:26
in Fundamental analysis
0
Downbeat tone ahead of news from the US

The upcoming speech by U.S. Federal Reserve chairman Jerome Powell and US retail sales data make investors nervous

Wall Street stocks finished mostly higher overnight despite lingering concerns over the pandemic and further decline in oil prices. The S&P 500 gained 0.26% to register its biggest daily percentage comeback since late-March. The Dow Jones added 0.31%, with both indexes hitting fresh record highs. Meanwhile, the Nasdaq Composite fell 0.20%.

Asian stocks declined on Tuesday, as investors digested turmoil in Afghanistan and worsening China’s economic outlook after weak data revealed at the beginning of the week. also, market players were cautious ahead of the key events of the day – a speech by U.S. Federal Reserve chairman Jerome Powell and US retail sales data. As such, the Shanghai Composite Index shed 2%, Japan’s Nikkei 225 lost 0.36%, the Hang Seng in Hong Kong fell 1.66% and Sydney’s S&P/ASX 200 declined nearly 1%. Tighter scrutiny of China’s internet sector added to negative sentiment in the region.

Following suit, European indexes opened lower today, mirroring a downbeat tone in US stock index futures. The pan-European STOXX 600 shed 0.3% in early trade to notch a one-week low amid tightening regulation in China, tensions in the Middle East, and concerns over the pandemic which is clouding the economic outlook in Asia and elsewhere. On the data front, the Eurozone economy rebounded 2.0% on quarter in the second quarter, meeting 2.0% expected and 2.0% prior.

Meanwhile, the dollar is mostly higher versus major rivals, continuing recovery after a plunge witnessed on Friday. EURUSD remains capped by the 20-DMA that arrives around the 1.1800 figure representing the immediate upside hurdle. Should the US retail sales report disappoint later today, the pair could regain bullish bias as weak data would send the greenback lower across the board.

Tags: DOW JONESEURUSDFederal ReserveHang SengJerome PowellNasdaqNikkeiOilS&P 500Stoxx 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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays afloat as gold rally pauses

December 5, 2023 07:00
10
Stocks mixed while gold at fresh all-time highs to start the week
Fundamental analysis

Stocks mixed while gold at fresh all-time highs to start the week

December 4, 2023 08:00
11
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
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD keeps refreshing August lows

November 30, 2023 07:00
12
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
13

Leave Your Opinion Cancel reply

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

Recommended

The Fed could still move markets Wednesday even with rates on hold for the foreseeable future

September 15, 2020 14:32
10

Yen on the defensive to start the week

August 31, 2020 09:32
13
Dollar lacks upside momentum due to lower Treasury yields

Dollar bounces after sell-off

March 31, 2022 02:31
16

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