• Latest
  • Trending
  • All
Stock markets retain bullish tone, dollar sags further

Stock markets retain bullish tone, dollar sags further

February 2, 2022 09:11
Dollar lacks upside momentum due to lower Treasury yields

USD rally pauses, gold remains steady

December 7, 2023 07:00
Investor sentiment improves further

Investor sentiment improves further

December 6, 2023 08:00
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
  • Terms & Сonditions
  • Contact
Thursday, December 7, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment improves further

    Investor sentiment improves further

    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

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment improves further

    Investor sentiment improves further

    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

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

Home » Stock markets retain bullish tone, dollar sags further

Stock markets retain bullish tone, dollar sags further

by Stephen Soo
February 2, 2022 09:11
in Fundamental analysis
0
Stock markets retain bullish tone, dollar sags further

Positive risk sentiment is also supported by the elevated oil prices

Wall Street stocks wavered during the session before finishing in positive territory overnight to notch the third bullish session in a row. On the data front, US job openings rose to near-record highs in December while the manufacturing PMI ISM fell to 57.6, the lowest level since November 2020. Meanwhile, the Fed’s Bullard said he would support a rate hike at the March meeting and prefer a hike in May. As such, the Dow Jones Industrial Average rose 0.78%, the S&P 500 added 0.69%, and the tech-heavy Nasdaq added 0.75%.

In Asia, most of the markets were closed for the Lunar New Year. The S&P/ASX 200 in Australia climbed 1.17% after RBA Governor Lowe reiterated that the bank’s decision to end its bond purchase program does not mean that an increase in the rate is imminent. Japan’s Nikkei 225 gained 1.68% while the MSCI’s broadest index of Asia-Pacific shares outside Japan finished 0.37% higher.

European equity markets opened higher on Wednesday due to dip buyers after the pan-European Stoxx 600 index finished January with the deepest losses since October 2020. The regional index added 0.6% in early deals. Positive risk sentiment is also supported by the elevated oil prices, with Brent crude staying just below the $90 figure. Meanwhile, US stock index futures turned mixed in recent trading.

In currencies, the dollar keeps losing ground as US 10-year Treasury yields are hovering around their lowest levels in a week. The greenback is falling for the third straight session on mixed economic data and an upbeat risk tone in the financial markets. As such, EURUSD keeps recovering from long-term lows, approaching the 1.1300 barrier, followed by the 20-DMA, currently at 1.1315. However, it looks like the common currency may need an extra driver to overcome this local threshold in the near term.

Tags: ASX 200DollarEURUSDStoxx 600US
Share2Tweet1
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

USD rally pauses, gold remains steady

December 7, 2023 07:00
10
Investor sentiment improves further
Fundamental analysis

Investor sentiment improves further

December 6, 2023 08:00
10
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays afloat as gold rally pauses

December 5, 2023 07:00
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
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD keeps refreshing August lows

November 30, 2023 07:00
13
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

Leave Your Opinion Cancel reply

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

Recommended

Euro struggles below three-month highs, yen demand persists

Euro in a recovery mode but the impetus is limited

June 19, 2020 11:30
20
Dollar lacks upside momentum due to lower Treasury yields

Dollar holds high ground after short-lived retreat

September 29, 2022 06:17
22
Jeff Bezos will admit Amazon should be scrutinized before Congress

Jeff Bezos will admit Amazon should be scrutinized before Congress

July 29, 2020 07:06
11

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