• Latest
  • Trending
  • All
Stocks climb marginally, pressuring the greenback

Investors welcome cooling inflation, dollar sags

August 11, 2022 09:30
Investors stay depressed after heavy losses

Investors stay depressed after heavy losses

September 25, 2023 07:00
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
  • Terms & Сonditions
  • Contact
Monday, September 25, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    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

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    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

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

Home » Investors welcome cooling inflation, dollar sags

Investors welcome cooling inflation, dollar sags

by Stephen Soo
August 11, 2022 09:30
in Fundamental analysis
0
Stocks climb marginally, pressuring the greenback


The CPI report raised speculation the Fed will slow the pace of interest rate hikes

US stock indexes saw a rally overnight to close at their highest levels since early May. The data showed that July’s CPI slowed due largely to lower energy prices. The rate of inflation retreated to 8.5% year-over-year in July from 9.1% in June. The details of the report showed that energy prices fell 4.6% in July, with gasoline prices down 7.7%. Against this backdrop, the Dow Jones Industrial Average finished 1.6%, the S&P 500 advanced 2.13%, and the Nasdaq Composite rallied 2.9%.

Tracking overnight gains on Wall Street, Asian equity markets advanced on Thursday, cheering US inflation, with the tech-heavy Hang Seng index in Hong Kong being the best performer in the region, adding more than 2%. Softer-than-expected consumer price inflation data raised speculation the Fed will slow the pace of interest rate hikes. The Japanese stock market is closed on Thursday on account of Mountain Day.

Extending the global rally, European stocks opened higher on Thursday, keeping the good mood from yesterday, with US stock index futures creeping north in early pre-market deals. Investors are revising down their expectations for a 75-bps rate hike by the Fed next month. Capping gains in the financial markets, Fed’s Daly said the central bank is not near done yet in battle against inflation.

In currencies, the US dollar licks its wounds after a plunge witnessed in response to the inflation report. The USD index briefly dipped to late-June lows around 104.65 before bouncing back above 105.00 on a daily closing basis. The greenback struggles for direction on Thursday, refraining from further recovery attempts as traders continue to digest the CPI report. As such, EURUSD has settled slightly above 1.0300 after a brief jump towards 1.0370, preserving bullish bias for the fourth session in a row. 

Tags: DollarDOW JONESEURUSDfedNasdaqS&P 500USUSD
Share5Tweet3
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

Investors stay depressed after heavy losses
Fundamental analysis

Investors stay depressed after heavy losses

September 25, 2023 07:00
11
Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
13
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
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13

Leave Your Opinion Cancel reply

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

Recommended

Trump signs spending package to avert shutdown: White House spokesman

Trump signs spending package to avert shutdown: White House spokesman

December 23, 2019 11:25
20
Sentiment turns sour again but the greenback keeps bleeding

Stocks retreat marginally while the dollar trims losses to start the week

December 7, 2020 03:44
15
Brexit worries are back in market focus

Brexit worries are back in market focus

October 14, 2020 09:18
17

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