• Latest
  • Trending
  • All
A pedestrian wearing a protective mask walks past the New York Stock Exchange (NYSE) in the Financial District of New York, U.S., on Monday, March 30, 2020. Roughly 37,500 people have tested positive for the coronavirus in New York City, officials said on Monday, up about 3,700 from a day earlier. Photographer: Gabby Jones/Bloomberg

Markets muted amid Good Friday holiday

April 10, 2020 05:20
Investors stay depressed after heavy losses

Investors stay depressed after heavy losses

September 25, 2023 07:00
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
Dollar lacks upside momentum due to lower Treasury yields

Dollar rally pauses to start the week

September 11, 2023 06:46
Risk sentiment improves somewhat after a streak of losses

Risk sentiment improves somewhat after a streak of losses

September 8, 2023 07:08
  • Terms & Сonditions
  • Contact
Monday, September 25, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

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

Home » Markets muted amid Good Friday holiday

Markets muted amid Good Friday holiday

Federal Reserve announces a new program to support the economy amid the coronavirus crisis

by Stephen Soo
April 10, 2020 05:20
in Fundamental analysis
0
A pedestrian wearing a protective mask walks past the New York Stock Exchange (NYSE) in the Financial District of New York, U.S., on Monday, March 30, 2020. Roughly 37,500 people have tested positive for the coronavirus in New York City, officials said on Monday, up about 3,700 from a day earlier. Photographer: Gabby Jones/Bloomberg

Wall Street stocks finished higher overnight, helped by a new Federal Reserve program to support the economy amid the coronavirus crisis. The S&P 500 finished up 1.4% and thus saw its best week since 1974, climbing over 12%. The Dow ended up 1.2% and gained 12.7% for the week. The Nasdaq Composite closed 0.8% higher, having climbed over 10% and marking its best week since 2009.

The Federal Reserve announced a slew of programs, including loans geared towards small and medium-sized businesses, that will total up to $2.3 trillion. The announcement was enough to outweigh another massive jump in weekly jobless claims – more than 6 million Americans filed for unemployment benefits last week versus 5 million expected. In recent days, New York state has reported a decline in its virus-related hospitalization rate, which added to investor optimism.

Asian markets were mixed on Friday after fresh coronavirus stimulus measures in the US boosted Wall Street. Japan’s Nikkei added 0.78% while South Korea’s Kospi rose 1.3%. In China, the Shanghai Composite declined around 1%. Markets in Hong Kong, Australia and Singapore were closed for Good Friday. European and US stocks are also closed today. 

In currencies, the dollar is marginally lower against major counterparts after the additional stimulus measures revealed by the Fed. EURUSD has settled above 1.09 but struggles to challenge the 1.0950 area. GBPUSD refrains from challenging the 1.25 handle while USDJPY remains stuck between the key moving averages. Later today, the United States announce fresh CPI data that could affect dollar pairs in the near term. 

In other markets, after a fairly positive week, bitcoin has declined decently on Friday as investors proceeded to profit-taking after the leading cryptocurrency by market capitalization failed to break above the 50-DMA around $7,300. As a result of a bearish correction, the $7,000 handle turned into resistance again. In the weekly timeframes, bitcoin remains mildly positive but could turn red of the selling pressure persists in the near term. 

Tags: BITCOINDOW JONESEURUSDFederal ReserveGBPUSDNasdaqNikkeiUSDJPY
Share3Tweet2
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

Investors stay depressed after heavy losses
Fundamental analysis

Investors stay depressed after heavy losses

September 25, 2023 07:00
11
Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
14
Stock markets directionless as Fed meeting looms
Fundamental analysis

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13

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 recovery attempts look indecisive

May 26, 2021 06:43
24
Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’

Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’

August 4, 2020 04:46
15
Stocks mostly higher while dollar extends the retreat

Stocks reverse recent gains, USD attracts some demand

May 31, 2022 04:16
19

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
124
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