• Latest
  • Trending
  • All
Pence

Dollar continues to lose ground, stocks still in the sea of red

March 2, 2020 07:07
Dollar lacks upside momentum due to lower Treasury yields

USD demand persists across the market

August 16, 2022 06:49
Euro rises despite а stronger dollar

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar buoyed at the start of the week

August 15, 2022 05:39
Investors stay nervous as tensions escalate

Investors start the week on a cautious note

August 15, 2022 05:25
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
Equity markets mixed ahead of the weekend

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
Dollar lacks upside momentum due to lower Treasury yields

USD stays depressed after plunge on weak CPI

August 11, 2022 09:37
Stocks climb marginally, pressuring the greenback

Investors welcome cooling inflation, dollar sags

August 11, 2022 09:30
Dollar lacks upside momentum due to lower Treasury yields

FX market remains in consolidation mode

August 10, 2022 09:24
Yellen failed to spook global markets

Risk-off tone dominates global markets

August 10, 2022 09:18
Dollar lacks upside momentum due to lower Treasury yields

Currencies apathetic, USD stays pressured

August 9, 2022 15:28
Stocks making recovery attempts, markets remain unstable

Stock markets little changed amid cautious trades

August 9, 2022 15:21
  • Terms & Сonditions
  • Contact
Tuesday, August 16, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

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

Home » Dollar continues to lose ground, stocks still in the sea of red

Dollar continues to lose ground, stocks still in the sea of red

EURUSD extended the recovery to the 1.0950 local resistance for the first time in over two weeks

by Stephen Soo
March 2, 2020 07:07
in Fundamental analysis
0
Pence

As investor sentiment across the markets remains gloomy, following further losses in Asia, European stocks opened lower on Thursday. However, Chinese equities managed to stabilize due to supportive measures taken by the domestic authorities amid the spread of the coronavirus. The outbreak has reached at least 44 countries for now, with more new cases now being reported outside China than within it. So far, nearly 3,000 people have died. In Europe, France, Spain and Germany reported increases in cases, following an outbreak in Italy, where more than 400 people have been infected. 

Moreover, as concerns spread to the United States, Trump named Vice President Mike Pence his point person to coordinate the government’s response to the outbreak, expressing confidence that the United States would prevent a widespread domestic outbreak. Still, his statements did little to alleviate the selling pressure in the markets. 

Meanwhile, the greenback came under the downward pressure on Thursday amid rising bets on a Federal Reserve rate cut due to the growing recession threat. Also. The former Federal Reserve Chairwoman Janet Yellen warned that the coronavirus outbreak could likely steer the US economy towards a recession, which added to the negative sentiment surrounding the US currency.

As such, EURUSD extended the recovery to the 1.0950 local resistance for the first time in over two weeks. Should the pair confirm a break above the 1.09 handle, the short term technical picture will improve further. The possibility of the above mentioned resistance breakout depends on the upcoming economic data out of the Unites States, including the GDP numbers. 

As for commodities, gold prices are slightly higher after a volatile trading on Wednesday. The precious metal received support around $1,625 and trimmed recent losses, continuing to challenge the $1,650 region. The upside momentum looks limited after a rejection from recent long-term highs. Still, the persisting risk aversion and a weaker dollar continue to point to the upside risks for the bullion, at least in the short term. 

Tags: Donald TrumpEURUSDFederal ReserveGold
Share7Tweet4
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

USD demand persists across the market

August 16, 2022 06:49
13
Euro rises despite а stronger dollar
Fundamental analysis

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar buoyed at the start of the week

August 15, 2022 05:39
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
17
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
22
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD stays depressed after plunge on weak CPI

August 11, 2022 09:37
18

Leave Your Opinion Cancel reply

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

Recommended

Euro struggles below three-month highs, yen demand persists

Safe-haven yen and franc remain under pressure, dollar mixed

April 6, 2020 10:48
18
Pound corrects higher due to dollar weakness

Greenback appreciates further as demand persists

September 29, 2021 09:57
17
A slow start to the week in FX markets

Dollar mixed to start the week

October 11, 2021 10:53
15

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