• Latest
  • Trending
  • All
Global stocks rally ahead of the weekend, dollar on the defensive

Stocks mostly lower to start the week, USD demand persists

July 11, 2022 08:34
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
Dollar lacks upside momentum due to lower Treasury yields

Dollar rally pauses to start the week

September 11, 2023 06:46
Risk sentiment improves somewhat after a streak of losses

Risk sentiment improves somewhat after a streak of losses

September 8, 2023 07:08
Dollar lacks upside momentum due to lower Treasury yields

Unabated dollar demand keeps pressuring gold

September 7, 2023 07:26
  • Terms & Сonditions
  • Contact
Saturday, September 23, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

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

Home » Stocks mostly lower to start the week, USD demand persists

Stocks mostly lower to start the week, USD demand persists

by Stephen Soo
July 11, 2022 08:34
in Fundamental analysis
0
Global stocks rally ahead of the weekend, dollar on the defensive

Shanghai reported its first case of the highly infectious BA.5 omicron sub-variant over the weekend

Wall Street stocks closed mixed on Friday as investors hesitated following a stronger-than-expected report on the US jobs market. The data showed that nonfarm payrolls increased 372,000 last month, better than the 250,000 estimate. The S&P 500 gave up less than 0.1%, the Dow Jones slipped 0.15%, while the Nasdaq Composite added 0.12%. Still, all three major averages finished up for the week. In individual stocks, shares of Twitter fell nearly 5% after a report that Elon Musk was planning to back out of his takeover offer.

Asian equities were mixed-to-lower on Monday as a new wave of COVID-19 outbreak in China added to worries about the economic outlook. Shanghai reported its first case of the highly infectious BA.5 omicron sub-variant over the weekend. The Shanghai Composite index closed 1.27% lower while Hong Kong’s Hang Seng plunged more than 3%. Bucking the trend, Japan’s Nikkei 225 gained 1.11%, extending the gains in the previous two sessions as the ruling coalition expanded its majority in an upper house election.

In Europe, stocks opened lower today, with market players taking a more cautious stance ahead of this week’s economic data including the US inflation report that could point to another interest rate hike by 75 basis points. In individual stocks, Danske Bank plunged more than 5.5% in early deals as the bank reduced its full-year net profit outlook over the weekend, citing on “unfavorable financial market conditions”.

In currencies, the USD index remains on the offensive at the start of the week, targeting twenty-year highs seen last week around 107.80. The greenback attracted buying interest after some retreat, extending the ascent amid rising expectations for another 75-basis point rate hike by the Fed. As such, USDJPY exceeded the 137.00 mark for the first time in 24 years to notch fresh tops around 137.30 before retreating marginally amid profit-taking. As the pair keeps advancing north, the 140.00 mark comes into the market focus. 

Tags: Covid-19DOW JONESfedNasdaqNikkeiS&P 500USUSDUSDJPY
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

Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
14
Stock markets directionless as Fed meeting looms
Fundamental analysis

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13
Economic data and ECB boost stock market rally
Fundamental analysis

Economic data and ECB boost stock market rally

September 15, 2023 07:57
15

Leave Your Opinion Cancel reply

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

Recommended

Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
17
Global sell-off continues amid another rally in bond yields

Global sell-off continues amid another rally in bond yields

March 5, 2021 04:51
12
Donald and Ivana Trump at Norman Vincent Peale’s 90th birthday party on May 26, 1988 at the Waldorf Hotel in New York CityRon Galella/Ron Galella Collection via Getty Images

How this 1950s self-help guru shaped Donald Trump’s attitude toward life and business

July 10, 2020 11:20
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
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