Marius Paun | London, UK | Senior dealer |Friday 09th April 2021 The Fed Meeting Minutes Show Cautiously Optimistic Approach The major US indices ended near record highs yesterday with S&P closing to a fresh high and Dow just 24 points from all-time record. The focus this week was on the infrastructure bill and […]
Marius Paun | London, UK | Senior dealer | Thursday 01st April 2021 The US President Presents His $2.25 Trillion Infrastructure Plan We saw quite a selloff last week in the US stock markets with some wild moves, especially on Friday. It appears that Archegos Capital was behind the massive selling which affected many […]
Marius Paun | London, UK | Senior dealer | Friday 26th March 2021 The Fed holds its ground The US Fed Chair Jerome Powell testified in front of Congress this week and reiterated the central bank will continue to support the economy ‘for as long as it takes. He added that ‘indicators of economic […]
Marius Paun | London, UK | Senior dealer | Friday, 26th March 2021 We saw EURUSD reversing course this year and heading south as infections in Europe have risen sharply and now are threatening to trigger a third lockdown. Consequently, the most traded currency pair has dropped from a recent high of 1.2349 touched on […]
Marius Paun | London, UK | Senior dealer | Friday 19th March 2021 The Fed Leaves Rates Unchanged Amid Dovish Tone The US Federal Reserve left interest rates unchanged in a unanimous vote with no changes to quantitative easing. It will continue to buy $80 billion per month of Treasuries and $40 billion per […]
Marius Paun | London, UK | Senior dealer | Friday, 19th March 2021 Nasdaq started the week on the advance as the $1.9 trillion Covid relief package was signed into law last week and immediately checks started to go out. In total, the pandemic stimulus funds amount to a jaw-dropping $6 trillion so far, which […]
Marius Paun | London, UK | Senior dealer | Friday 12th March 2021 US Congress Passes The $1.9 Trillion Covid Relief Package The US President Joe Biden signed the $1.9 trillion coronavirus stimulus package on Thursday with the checks starting to hit bank accounts as soon as this weekend. According to the plan, direct […]
Marius Paun | London, UK | Senior dealer | Friday 05th March 2021 The Non-Farm Payrolls Surprises On The Upside We had the US non-farm payrolls numbers out on Friday which showed the economy added 379,000 jobs in February with unemployment coming in at 6.2%. The figure was far better than 180,000 expected and […]
Marius Paun | London, UK | Senior dealer | Thursday, 04th March 2021 The recent rise in US bond yields weighed on the stock markets as investors have become concerned that future inflation could run rampant. In turn, that could force the US Fed to raise interest rates sooner rather than later. The pound sterling […]
Marius Paun | London, UK | Senior dealer | Friday 26th February 2021 Bond Vigilantes Are Back With A Vengeance Going into the weekend, the US stock markets were struggling to rebound from the sharp losses posted in the previous sessions due to rising bonds yields. And this tug of war between the reflation trade […]