• Latest
  • Trending
  • All
Should the US jobs data disappoint again, the greenback will have to give up some of the recent gains

Markets as a loss, euro remains under pressure across the board

April 2, 2020 12:40
Dollar lacks upside momentum due to lower Treasury yields

Dollar comes off fresh lows in volatile trading

May 27, 2022 06:55
Investor sentiment mixed in thinner pre-holiday deals

Investors cautiously optimistic ahead of the weekend

May 27, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

USD back under pressure as market sentiment improves

May 26, 2022 06:57
Downbeat tone ahead of news from the US

Markets digest FOMC meeting minutes

May 26, 2022 06:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar off one-month lows as bulls reenter the game

May 25, 2022 06:12
Market sentiment worsens across the world

Stocks bounce after another widespread sell-off

May 25, 2022 04:54
Dollar lacks upside momentum due to lower Treasury yields

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
Global stocks in recovery mode but still cautious

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Markets digest the inflation shock, dollar enjoys the rally

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
Dollar lacks upside momentum due to lower Treasury yields

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
Investor sentiment looks neutral at the start of the week

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
  • Terms & Сonditions
  • Contact
Saturday, May 28, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment mixed in thinner pre-holiday deals

    Investors cautiously optimistic ahead of the weekend

    Downbeat tone ahead of news from the US

    Markets digest FOMC meeting minutes

    Market sentiment worsens across the world

    Stocks bounce after another widespread sell-off

    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment mixed in thinner pre-holiday deals

    Investors cautiously optimistic ahead of the weekend

    Downbeat tone ahead of news from the US

    Markets digest FOMC meeting minutes

    Market sentiment worsens across the world

    Stocks bounce after another widespread sell-off

    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

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

Home » Markets as a loss, euro remains under pressure across the board

Markets as a loss, euro remains under pressure across the board

Should the US jobs data disappoint again, the greenback will have to give up some of the recent gains

by Stephen Soo
April 2, 2020 12:40
in Fundamental analysis
0
Should the US jobs data disappoint again, the greenback will have to give up some of the recent gains

US stocks tumbled on Wednesday as investors continued to grapple with the fallout from the coronavirus outbreak. Also, investors showed some nervousness ahead of data on the US labor market. All three major indexes closed around 4.5% lower. Today in Asia, markets were mixed amid the deepening fears in anticipation of US jobs data and despite China and South Korea have shown signs of controlling the virus. 

As such, Australia’s S&P/ASX 200 dropped 2% while China’s Shanghai Composite and South Korea’s Kospi both reversed course and rebounded from Wednesday’s losses, up 1.8% and 0.6% respectively. Hong Kong’s Hang Seng dropped 0.3%, and Japan’s Nikkei 225 closed 1.37% lower.

In Europe, stocks surged at the open along with U.S. equity futures, in part because oil prices rose after China unveiled plans to boost its reserves. Meanwhile, the number of confirmed COVID-19 cases in the U.S. surpassed 200,000 Wednesday, doubling since Friday, suggesting the current recovery in risky assets may be short-lived as virus-related concerns will persist. 

Meanwhile, the euro remains under the selling pressure across the board. Yesterday, EURUSD derived support at 1.09 but as the prices retain a bearish bias on Thursday, the possibility of further losses remains high. Once below this level, the pair will first target the 1.0880 area. However, should the US jobs data disappoint again, the greenback will have to give up some gains, suggesting the pressure surrounding the common currency will ease. 

As for other markets, gold prices are flat today after yesterday’s recovery from local lows around $1,565. Despite the recent bounce, the short-term technical picture for the precious metal remains negative as long as the prices stay below the $1,600 psychological level. On the positive side, the bullion continues to trade above the 100- and 200-DMAs. On the 4-hour timeframes, the dynamics looks neutral, suggesting the current consolidation could continue for some time before the market decides on a clear direction. 

Tags: EURUSDNikkei
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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar comes off fresh lows in volatile trading

May 27, 2022 06:55
13
Investor sentiment mixed in thinner pre-holiday deals
Fundamental analysis

Investors cautiously optimistic ahead of the weekend

May 27, 2022 04:15
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD back under pressure as market sentiment improves

May 26, 2022 06:57
15
Downbeat tone ahead of news from the US
Fundamental analysis

Markets digest FOMC meeting minutes

May 26, 2022 06:46
20
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar off one-month lows as bulls reenter the game

May 25, 2022 06:12
20
Market sentiment worsens across the world
Fundamental analysis

Stocks bounce after another widespread sell-off

May 25, 2022 04:54
21

Leave Your Opinion Cancel reply

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

Recommended

Yellen failed to spook global markets

Yellen failed to spook global markets

May 5, 2021 03:23
16
Pound corrects higher due to dollar weakness

Dollar recovery losses steam in Europe

March 10, 2021 08:13
14
Euro struggles below three-month highs, yen demand persists

Dollar demand resurges, euro threatens fresh lows

April 15, 2020 11:33
16

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 © 2020 FWNews

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

Copyright © 2020 FWNews