News

Marius Paun | London, UK | Senior dealer | Friday 16th October 2020   Markets Jittery Amid Lack Of US Stimulus And A Rise In Covid-19 Infections   On Monday major US indices rose for the 4th consecutive day with Nasdaq having its best day since September 9th. Thus S&P and Nasdaq came within reaching […]

Marius Paun | London, UK | Senior dealer | Thursday, 15th October 2020   Nasdaq sold off for a second consecutive session with more losses potentially underway. There are less than three weeks until the US presidential elections and the risk-off sentiment seems to be omnipresent. This week started encouragingly for Nasdaq as the tech […]

Marius Paun | London, UK | Senior dealer | Friday 02nd October 2020   US President tests Positive for Coronavirus   The US stocks recouped some of the recent losses this week. That was until Friday when news broke that President Donald Trump and his wife tested positive for coronavirus. That increased the uncertainty ahead […]

Marius Paun | London, UK | Senior dealer | Thursday, 01st October 2020   After reaching a recent high of 1.3481 against the US dollar on September 1st, the pound sterling has been on a downward slope. A few reasons have been highlighted as the drivers: fears of a second wave of coronavirus, the never-ending […]

Marius Paun | London, UK | Senior dealer | Friday 25th September 2020 Stocks Tank On Worries Of A Second Wave By and large, the risk-off sentiment was predominant this week as renewed fears of a second wave of coronavirus weighed on the US stocks. As expected, the US dollar continued to strengthen on safe-haven […]

Marius Paun | London, UK | Senior dealer | Thursday, 24th September 2020 The commodities spectrum as a whole has performed rather well during the past few months (if you discount the last few weeks, especially in the precious metals). However, one asset has gone nowhere, crude oil. Let’s look at possible reasons why? The […]

Marius Paun | London, UK | Senior dealer | Friday 18th September 2020 The US Fed Wants Inflation At All Costs, Even Offering A Detailed Explanation On The Subject The last FOMC interest rate meeting before November US Presidential elections took place this week. As was widely expected, the Federal Reserve committee indicated they will […]

  Marius Paun | London, UK | Senior dealer | Thursday, 17th September 2020 This week started with renewed optimism regarding the release of a vaccine for coronavirus, possibly by year’s end, which supported the US stock markets. Pfizer, in particular, announced they may be in a position to submit their vaccine for approval by […]

Marius Paun | London, UK | Senior dealer | Friday 11th September 2020 The European Central Bank Appears To Be Unfazed By A Stronger Euro The US had the Labor Day bank holiday on Monday and President Donald Trump said there is a possibility his country will decouple the economy from China. He also used […]

 Marius Paun | London, UK | Senior dealer | Thursday, 10th September 2020 Despite an expected low inflation rate for the eurozone last month, the weakest reading since 2001, the European Central Bank kept its benchmark interest rate unchanged at its meeting on Thursday. Recently the euro has strengthened against the US dollar making the […]