• Latest
  • Trending
  • All
Stocks in a sea of red, euro extends the retreat

Stocks, euro turn positive as USD demand keeps abating

October 17, 2022 07:16
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
Saturday, April 1, 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, euro turn positive as USD demand keeps abating

Stocks, euro turn positive as USD demand keeps abating

by Stephen Soo
October 17, 2022 07:16
in Fundamental analysis
0
Stocks in a sea of red, euro extends the retreat

Selling pressure surrounding risky assets has eased somehow

Wall Street stocks slumped on Friday as worries about the economy continue to roil markets. The Dow Jones Industrial Average fell 1.34% to finish up 1.15% on the week. The S&P 500 shed 2.37% and the Nasdaq Composite slipped 3.08%. The tech-heavy index was weighed down by losses in Tesla, which declined nearly 8%. On the data front, a University of Michigan survey showed that consumer sentiment climbed in October to 59.8, up from 58.6 in September.

Asian stocks were mixed-to-lower lower on Monday as investor sentiment deteriorated further amid a report that Apple was planning to drop Chinese chips. Still, China’s Shanghai Composite index reversed early losses to finish 0.42% higher while Hong Kong’s Hang Seng shed less than 0.1%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.5%. Japan’s Nikkei 225 gave up 1.16% and South Korean Kospi added 0.32%. Elsewhere, China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month.

In Europe, stocks opened slightly higher to start the week in a sign that investor sentiment has improved somehow. US stock index futures edge higher as well, with S&P 500 futures now up 1.0% on the day. Meanwhile, UK finance minister Hunt is expected to deliver a statement on medium-term fiscal plan later today. Investors could be cautious ahead of the event.

Elsewhere, the US dollar stays under some pressure, struggling to regain the 113.00 figure on Monday. The USD index lacks demand as risk-on tone reemerges gradually, preventing the safe-haven US currency from another rally. Against this backdrop, EURUSD edged higher at the start of the week but still struggles to attract more robust demand to regain the descending 20-DMA, today at 0.9770. On the positive side, the shared currency holds above 0.9700 and could stay afloat along with stocks in the near term. 

Tags: DollarDOW JONESEURUSDNasdaqNikkeiS&P 500USUSD
Share4Tweet2
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

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
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
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
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
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
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

Leave Your Opinion Cancel reply

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

Recommended

Pound corrects higher due to dollar weakness

Dollar steadies after a sell-off

August 30, 2021 09:00
51
Markets trading in red ahead of FOMC minutes

Markets trading in red ahead of FOMC minutes

May 19, 2021 05:26
20
Stocks rebound marginally, dollar demand persists

Stocks rebound marginally, dollar demand persists

October 29, 2020 08:14
14

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