Marius Paun | London, UK | Senior dealer | Friday 22nd January 2021 Joe Biden Sworn In As President Of The United States We had a busy week for the markets with Joe Biden being sworn in as the 46th President of the United States. He was quick to act, signing a number […]
Marius Paun | London, UK | Senior dealer | Thursday, 21st January 2021 Gold started the new year by disappointing investors. It rallied during the first few sessions to over $1959, pushed by the strong momentum from December 2020. Many were weighing the chances for a retest of the record high. Not this time. It […]
Marius Paun | London, UK | Senior dealer | Friday 15th January 2021 US President Donald Trump Impeached For The Second Time The US House of Representatives has impeached the incumbent President Donald Trump for the second time – the first time in history after he incited a mob to storm the US Capitol […]
Marius Paun | London, UK | Senior dealer | Friday, 16th January 2021 The US crude oil was trading slightly lower on Friday morning as rising coronavirus cases globally reignited demand concerns. However, it remains close to the recent high of $53.92 due to a drawdown in US oil inventories for a fifth straight week […]
The US Political Drama Comes To An End In Style Marius Paun | London, UK | Senior dealer | Friday 08th January 2021 What a busy week we had! The US Congress had a meeting to certify the November Presidential Election which was interrupted when protestors took over the Senate chamber. Shots were fired, […]
Marius Paun | London, UK | Senior dealer | Friday, 08th January 2021 The Chinese yuan is at its strongest against the US dollar since June 2018. At the start of 2020 the rate of USDCNH was trading around the 7 levels, but recently it went to 6.5. Times changed, mid-2019 the world was […]
Marius Paun | London, UK | Senior dealer | Thursday, 31st December 2020 True to its recent form, Nasdaq reached a new all-time high at 12,920 on Tuesday and although it closed lower yesterday it remained not far off that fresh record. The rally was driven by news the US Congress finally passed the Covid […]
Fresh Vows At The FOMC Meeting To Continue QE ‘Until Substantial Progress Made’ Marius Paun | London, UK | Senior dealer | Friday 18th December 2020 Rising hopes for a fresh US stimulus package kept the dollar on the back foot this week. An increasing number of high profiles names have urged the US Congress […]
Marius Paun | London, UK | Senior dealer | Thursday, 17th December 2020 It’s been a rollercoaster ride for GBPUSD trading lately. It dived to over 3 weeks lows last week when European Commission President Ursula von der Leyen said that the UK and the EU haven’t been able to achieve a ‘fair balance’ on […]
Marius Paun | London, UK | Senior dealer | Friday 04th December 2020 The US Non-Farm Payrolls Disappoint The US non-farm payrolls data showed employers added 245,000 jobs missing expectations of 460,000 jobs with the previous reading revised lower to 610,000 from 638,000. At the same time, the unemployment rate dropped to 6.7%. The initial […]