• Latest
  • Trending
  • All
Investors are weighing the governments’ efforts to mitigate the economic impact of coronavirus pandemic

Risk sentiment improves after a painful week

March 20, 2020 09:09
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
Monday, January 30, 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 » Risk sentiment improves after a painful week

Risk sentiment improves after a painful week

Investors are weighing the governments’ efforts to mitigate the economic impact of coronavirus pandemic

by Stephen Soo
March 20, 2020 09:09
in Fundamental analysis
0
Investors are weighing the governments’ efforts to mitigate the economic impact of coronavirus pandemic

Wall Street stocks closed higher overnight, as investors were digesting a series of emergency measures from central banks and governments amid the virus crisis. The Dow Jones Industrial Average nearly 1%, the S&P 500 closed up 0.5% and the Nasdaq gained about 2.3%. A day earlier, the Dow fell below 20,000 for the first time since February 2017. 

Asian markets have stabilized as well, following a few weeks of steep losses, with South Korea’s Kospi leading the gains among the regional indexes, adding over 7% – the first gain since March 10. China’s Shanghai Composite added 1.6%. The People’s Bank of China kept its new benchmark lending rate unchanged today. Markets in Japan were closed for a holiday. 

In Europe, equities followed suit and staged a bounce after a volatile and painful week. Investors are weighing the governments’ efforts to mitigate the economic impact of coronavirus pandemic. This week, the European Central Bank, US Federal Reserve and the Bank of Japan have all announced stimulus measures to support the markets and the economy. According to the latest reports, the German government plans to set up a 500-billion-euro rescue fund for firms. The pan-European Stoxx 600 jumped nearly 5% on Friday. 

On the data front, Germany’s producer prices fell last month after rising in January. The producer price index declined 0.1% year-on-year, reversing a 0.2% increase seen previously. Economists had expected a 0.2% rise. 

EURUSD bounced from three-year lows on Friday and extended the recovery to the 1.0830 area, where the 50-hour SMA acted as a local resistance and brought the euro back below the 1.08 mark. The inability to see sustained gains after an aggressive slide confirms that the euro remains weak and could further give up the intraday gains as the selling pressure around the greenback looks limited after an impressive rally during the week. 

In other markets, oil prices jumped above the $30 handle after Trump’s comments on the intention to resolve the conflict between Saudi Arabia and Russia. A daily close above this psychological level will confirm a bounce from long-term lows. Meanwhile, gold prices have switched into a recovery mode and regained the $1,500 figure amid a retreat in the greenback. The next upside target arrives at $1,535, where the 100-DMA lies. 

Tags: Bank of JapanDonald TrumpDOW JONESECBEURUSDFederal ReserveGold
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

Greenback retains a strong bullish tone

March 25, 2021 06:53
14
Stocks making recovery attempts, markets remain unstable

Stock markets little changed amid cautious trades

August 9, 2022 15:21
20

Bank of Canada statement on Monetary Policy Report embargo breach

April 21, 2021 14:44
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 © 2022 FWNews

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

Copyright © 2022 FWNews