Marius Paun | London, UK | Senior dealer |Friday 13th August 2021 Gold Drops Below $1700 Mark The ongoing strong earnings season in the US continued to lift stock markets this week. Yesterday, the Dow, S&P and Nasdaq all closed in the green and in the process, the Dow and S&P made new all-time highs […]
Marius Paun | London, UK | Senior dealer |Friday 06th August 2021 The US Economy Added 943,000 Jobs In July With Unemployment Rate At 5.4% The US earnings season continued to push stocks higher this week with major indices S&P and Nasdaq both closing at fresh all-time records yesterday. The non-farm payrolls report released today […]
Marius Paun | London, UK | Senior dealer |Friday 30th July 2021 The US Fed Left Interest Rates And QE Unchanged On Wednesday, the US Federal Reserve left interest rates unchanged and reassured the global market of their commitment to support the economy. The Fed Chair Jerome Powell acknowledged that progress was made towards maximum […]
Marius Paun | London, UK | Senior dealer |Friday 23rd July 2021 The ECB keeps interest rates on hold The US stock markets saw sharp selloffs on Monday following a resurgence in Covid-19 infections around the world, especially the dreaded Delta variant. But things started to look calmer over the next few days and the […]
Marius Paun | London, UK | Senior dealer | Friday 25th June 2021 The BOE Leaves Benchmark Interest Rate Unchanged At 0.1% The US President Joe Biden agreed yesterday to a $1.2 trillion bipartisan Senate deal to renew the country’s infrastructure of roads, bridges and highways. Seen as a crucial stimulus to help the economy […]
Marius Paun | London, UK | Senior dealer | Friday 18th June 2021 The FOMC Keeps Rate Unchanged But Starts ‘Thinking About Thinking About Tapering’ The FOMC decided to leave interest rates unchanged but fresh projections now indicate two possible interest rates hikes in 2023. At the same time the pace of QE will remain […]
Marius Paun | London, UK | Senior dealer | Friday 11th June 2021 The ECB Keeps Rate Unchanged We start this week’s wrap with a strange bit of news. On Tuesday the 8th, multiple major websites were down; Reddit, Twitter, Amazon, CNN, PayPal, the UK Gov website gov.uk, among the best-known ones. The outage was […]
Marius Paun | London, UK | Senior dealer |Friday 28th May 2021 The US Stock Markets Post A Comeback We saw a rather quiet week in the markets dominated by the growth to value rotation narrative as well as never-ending debate of inflation/ yields making a comeback with a vengeance. S&P500 went back above 4200 […]
Marius Paun | London, UK | Senior dealer |Friday 21st May 2021 The FOMC Accept That They Will Need To At Least Start To Think About Tapering? We had the US FOMC meeting minutes released this week showing a number of participants confident that taper discussion could be appropriate at the next meetings. By and […]
Marius Paun | London, UK | Senior dealer |Friday 14th May 2021 The US Inflation Sparks Concern The US nonfarm payroll report released last Friday was dubbed an epic miss on consensus but markets reacted better than one would expect. It was interpreted as an indication that the economy is still showing signs of weakness […]