• Latest
  • Trending
  • All
Cautious Fed fuels risk-on tone

Cautious Fed fuels risk-on tone

September 23, 2021 07:29
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 » Cautious Fed fuels risk-on tone

Cautious Fed fuels risk-on tone

by Stephen Soo
September 23, 2021 07:29
in Fundamental analysis
0
Cautious Fed fuels risk-on tone

Following gains on Wall Street, Asian shares were mostly higher on Thursday

The Federal Reserve signaled it’s almost ready to taper its bond-buying program (in November) if the economy continues to make further progress. The central bank also said it might even move up its timetable for raising interest rates to 2022, the dot plot suggested. Previously the Fed had indicated the first rate hike would come until 2023. The tapering program will be gradual and could end “around the middle of next year”, Powell said.

As the Fed’s policy update was broadly in line with market expectations, Wall Street stocks finished higher overnight. The S&P 500 rose 0.95% following four days of losses. The Dow Jones climbed 1% as well as the Nasdaq Composite. The yield on the 10-year Treasury note was holding steady at 1.31% following the Fed’s decision.

Following gains on Wall Street, Asian shares were mostly higher on Thursday after the Fed confirmed it will likely begin slowing the pace of its monthly bond purchases soon. Meanwhile, Evergrande said it will pay the interest due today to bondholders in China. Against this backdrop, the Shanghai Composite index in China gained 0.24%, Hong Kong’s Hang Seng advanced 0.76%, Australia’s S&P/ASX 200 added 1.18% while South Korea’s Kospi shed 0.47%. Markets were closed in Tokyo.

In currencies, the dollar finished higher on Wednesday following the outcome of the Federal Reserve meeting. However, the greenback came under pressure today, falling in tandem with the Treasury yields. Following recent encouraging comments on inflation by the ECB officials, EUR/USD bounced back above 1.1700 but failed to extend the recovery, being capped by the 1.1725 region early in Europe.

Meanwhile, oil prices have been surging for the third day in a row on Thursday. Brent crude extended gains to the $76.50 area last seen in mid-July. The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 3.5 million barrels last week. The agency had reported crude supply declines in each of the previous six weeks. A weaker dollar helped push the prices further higher early on Thursday.

Tags: BRENTDOW JONESECBEURUSDFederal ReserveHang SengJerome PowellNasdaqOilS&P 500
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

Stocks mixed after stimulus talks cancelation

Stocks mixed after stimulus talks cancelation

October 7, 2020 04:29
12
Canadians irked as Whole Foods bans workers from wearing Remembrance Day poppies

Canadians irked as Whole Foods bans workers from wearing Remembrance Day poppies

November 8, 2020 20:10
10
Euro struggles below three-month highs, yen demand persists

Dollar bulls struggle, euro at two-week highs

May 19, 2020 09:49
19

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