• Latest
  • Trending
  • All
Sentiment mixed and cautious ahead of a busy week

Markets apathetic on Good Friday

April 15, 2022 04:39
Dollar lacks upside momentum due to lower Treasury yields

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
Global stocks in recovery mode but still cautious

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Markets digest the inflation shock, dollar enjoys the rally

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
Dollar lacks upside momentum due to lower Treasury yields

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
Investor sentiment looks neutral at the start of the week

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
Dollar lacks upside momentum due to lower Treasury yields

Major currencies struggle below key SMAs

May 19, 2022 06:02
Geopolitical tensions ease but risks persist

Global stock rout continues on growth fears

May 19, 2022 05:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
Dollar lacks upside momentum due to lower Treasury yields

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
Sentiment turns sour, dollar steadies ahead of the weekend

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
  • Terms & Сonditions
  • Contact
Wednesday, May 25, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

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

Home » Markets apathetic on Good Friday

Markets apathetic on Good Friday

by Stephen Soo
April 15, 2022 04:39
in Fundamental analysis
0
Sentiment mixed and cautious ahead of a busy week

Twitter finished 1.68% lower on Thursday after Elon Musk offered to buy the company for $54.20 a share

Wall Street stocks finished lower overnight as the selling pressure reemerged ahead of a long weekend. Investors digested fresh economic data and mixed earnings results from banking giants, with cautious tone persisting further amid geopolitical uncertainty. The S&P 500 index fell 1.21%, the Nasdaq Composite gave up 2.14%, and the Dow Jones shed 0.33%. In individual stocks, Twitter finished 1.68% lower on Thursday after Elon Musk offered to buy the company for $54.20 a share. On the data front, retail sales figures slightly missed expectations with a 0.5% gain while jobless claims rose to 185,000 for the week ending April 9.

Equity markets slipped in Asia, where only a few markets were open on Good Friday. The Nikkei 225 slid 0.29% while China’s Shanghai Composite dipped 0.45%. The PBOC surprised investors by keeping the interest rate unchanged while investors expected the central bank to announce further easing measures. Geopolitics added to market concerns after China said it will conduct military drills around Taiwan today after the unannounced visit by six US lawmakers to Taiwan.

The USD index rallied to fresh two-year highs around 100.75 as the benchmark 10-year US Treasury yield climbed back above 2.8% to notch fresh multi-year highs. EURUSD derailed the 1.0800 figure to extend losses to 1.0757 before bouncing back above the mentioned mark on a daily closing basis. The selling pressure surrounding the common currency intensified after the ECB confirmed the end of its bond buying in the third quarter amid surging inflation. The bank adopted a more hawkish tone, but it wasn’t aggressive enough to lift the euro from long-term lows. EURUSD has settled just above 1.0800 on Friday, with bearish bias persisting on the daily charts.

Elsewhere, gold prices are holding at one-month highs around $1,980 despite the rallying dollar. The precious metal stays elevated due to the persisting safe-haven demand and could regain the $2,000 mark if the geopolitical situation continues to deteriorate next week. On the downside, the immediate support now arrives at $1,960, followed by the 20-DMA, currently at $1.940.

Tags: DOW JONESECBEURUSDGoldNasdaqNikkeiS&P 500USUSD
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

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
12
Global stocks in recovery mode but still cautious
Fundamental analysis

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
12
Markets digest the inflation shock, dollar enjoys the rally
Fundamental analysis

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
13
Investor sentiment looks neutral at the start of the week
Fundamental analysis

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
15

Leave Your Opinion Cancel reply

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

Recommended

Stock markets see some stability after a sell-off

Stock markets see some stability after a sell-off

December 22, 2020 09:10
13
Pound corrects higher due to dollar weakness

Greenback regains ground but remains fragile

June 8, 2021 08:07
15

ECB publishes indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2021

June 10, 2020 13:57
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 © 2020 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2020 FWNews