• Latest
  • Trending
  • All
Markets climb despite rising US inflation

Stocks turn positive, dollar struggles for direction

January 20, 2022 03:00
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
Friday, January 27, 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 turn positive, dollar struggles for direction

Stocks turn positive, dollar struggles for direction

by Stephen Soo
January 20, 2022 03:00
in Fundamental analysis
0
Markets climb despite rising US inflation

China cut interest rates to shore up the economic growth

US stocks fluctuated between losses and gains but ultimately closed at session lows, extending a recent stretch of losses on Wednesday. The technology-focused Nasdaq Composite dipped 1.15% to close in the correction territory. The Dow Jones Industrial Average and the S&P 500 fell nearly 1% each. In individual stocks, Morgan Stanley saw its shares rise 1.8% after the bank’s fourth-quarter profit topped estimates while equities trading revenue jumped 13%.

Asian stock markets were mostly higher on Thursday after China cut interest rates to shore up the economic growth and Japan reported a rise in exports, while Australia’s unemployment rate dropped to the lowest in 14 years. Still, the Shanghai Composite fell nearly 0.1% while Hong Kong’s Hang Seng rallied 35. In Japan, the Nikkei 225 added 1.11% after the data showed exports jumped 17.5% from a year earlier, up for the 10th straight month.

In currencies, the USD index bounced off two-month lows in the first half of the week to turn back negative on Wednesday. Today, the prices consolidate recent losses around 95.50, down 0.03% on the day during early morning in Europe. In the short term, the greenback remains bearish despite the recent corrective pullback from the intraday low while the broader bullish trend remains intact. Furthermore, the USD index could resume the ascent ahead of the Fed meeting due next week as traders expect the US central bank to signal a March rate hike.

Meanwhile, the pound bounced back above the 1.3600 figure from one-week lows registered around 1.3570 on Tuesday. The GBPUSD climbed to 1.3650 before retreating while finishing marginally higher on Wednesday and retaining a modest bullish bias today. In part, the bounce was due to a weaker dollar. Also, the cable was underpinned by the latest economic data out of the UK, with the CPIH rising by 4.8%. The cable retains a modest bullish bias on Thursday but stays below the 1.3650 area that represents the immediate resistance at this point.

Tags: DollarGBPUSDUSUSD
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

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
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
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
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar resists selling pressure

December 20, 2022 10:44
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
14
Investor sentiment improves, but gains limited
Fundamental analysis

Investor sentiment improves, but gains limited

November 15, 2022 05:46
14

Leave Your Opinion Cancel reply

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

Recommended

A slow start to the week in FX markets

Dollar remains on the defensive across the market

February 25, 2021 08:55
15
US adds 638K jobs in October as COVID recovery slows

US adds 638K jobs in October as COVID recovery slows

November 7, 2020 06:16
10
Dollar lacks upside momentum due to lower Treasury yields

Greenback extends the ascent on safe-haven demand

January 25, 2022 01:22
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