• Latest
  • Trending
  • All
EU leaders will hold a virtual summit to discuss their response to the coronavirus outbreak

Global market sentiment deteriorates after a rally

March 26, 2020 12:46
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
Sunday, January 29, 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 » Global market sentiment deteriorates after a rally

Global market sentiment deteriorates after a rally

EU leaders will hold a virtual summit to discuss their response to the coronavirus outbreak

by Stephen Soo
March 26, 2020 12:46
in Fundamental analysis
0
EU leaders will hold a virtual summit to discuss their response to the coronavirus outbreak

Wall Street stocks finished mixed overnight, as investor optimism started to wane after a decent relief-rally fueled by aggressive supportive measures announced by the US authorities. The S&P 500 and Dow Jones Industrial Average still ended up more than 1% and 2%, respectively, while the Nasdaq Composite dropped 0.45%, giving up earlier gains. 

Initially, investors cheered the reports that the Senate appeared near a vote on a $2 trillion package but later, stocks had to trim gains amid some doubts about how quickly the bill might pass. 

In Asia, equities were mostly negative, as skepticism over the efficiency of the measures in the United States started to emerge. As a result, Tokyo’s Nikkei 225 fell 4.5% and Hong Kong’s Hang Seng was down 0.5% while the Shanghai Composite Index dipped 0.2%.

European markets opened lower on Thursday, as global market sentiment continued to deteriorate. Later in the day, EU leaders will hold a virtual summit to discuss their response to the coronavirus outbreak. The comments and statements from this front may support stocks by the end of the session. 

In currencies, the greenback extends the decline against major counterparts despite risk aversion has reemerged. EURUSD surged past the 1.09 handle and is nearing the initial resistance around 1.10, where the 50-DMA lies. GBPUSD struggles around 1.1980 on the way towards the 1.20 mark. USDJPY slipped below 110.00 after several failed attempts to break above the 111.70 resistance area.

In other markets, oil prices have settled below $30, with Brent crude struggles for direction amid massive stimulus measures across the globe. On the other hand, concerns over a decline in global energy demand and rising production continue to weigh on traders’ sentiment, preventing the prices from a sustainable recovery. In the short term, Brent will likely stay under the selling pressure and may even get back below $28 should risk sentiment deteriorate further. 

Meanwhile, bitcoin has settled around $6,600 after yesterday’s rejection from two-week highs just below the $7,000 handle. Despite the bearish pressure in the cryptocurrency market has eased recently, investors remain cautious and prefer to take profit on short-term rallies. On the downside, the immediate support arrives at $6,300.

Tags: BITCOINBRENTDOW JONESEUEURUSDGBPUSDNasdaqNikkeiOilUSDJPY
Share6Tweet4
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

Stocks struggle amid high bond yields

Stocks struggle amid high bond yields

March 31, 2021 06:17
13
Investors cautious amid virus-related uncertainty

Investors on edge ahead of ECB decision

June 9, 2022 04:30
17
Stocks directionless ahead of US jobs data

Stocks directionless ahead of US jobs data

December 4, 2020 03:58
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