Meixia Chen News Silver, Weekly Article
Marius Paun | London, UK | Senior dealer | Thursday, 04th June 2020 The initial selloff due to coronavirus pandemic pushed silver price down, along with gold, despite both being perceived as safety assets. Panicky investors needed to finance margin calls, planned to reduce leverage or simply wanted to cash in and wait […]
Meixia Chen News Fed, Gold, US oil, Weekly Wrap
Marius Paun | London, UK | Senior dealer | Friday 29th May 2020 The overall picture worsened for the US GDP for the first quarter with the second reading coming in at -5% versus -4.8% previously. Yet Fed member Kaplan said the American economy has bottomed and he anticipates growth in the second quarter. […]
Meixia Chen News OPEC+, US oil, Weekly Article
Marius Paun | London, UK | Senior dealer | Wednesday, 27th May 2020 West Texas Intermediate crude prices continued to rise in the last few weeks albeit at a slower pace, supported by lower US oil inventories and growing confidence among investors in OPEC as well as US producers’ ability to slash output. […]
Meixia Chen News ECB, Gold, US oil, Weekly Wrap
Marius Paun | London, UK | Senior dealer | Friday 22nd May 2020 We saw the US Federal Reserve Chair Jerome Powell over the weekend saying he could see peak unemployment to reach 20%-25%. He also reassured the markets the Fed is not out of ammunition reiterating QE to infinity. US biotech company Moderna […]
Meixia Chen News Covid-19, S&P500, US non-farm payrolls, Weekly Article
Marius Paun | London, UK | Senior dealer | Thursday, 21st May 2020 The US stock markets have posted a decent recovery since the lows of mid-March, supported by unprecedented stimulus packages and promises that ‘Federal Reserves will keep doing what it takes’ to offer liquidity. Earlier in the week, Treasury Secretary Steven Mnuchin, along […]
Meixia Chen News Covid-19, Gold, Weekly Article
Marius Paun | London, UK | Senior dealer | Tuesday, 19th May 2020 By and large, gold prices have consolidated within a range from $1670 – $1740 since mid-April. That was until last Friday, when it rallied, seemingly without much resistance, despite the disappointing US retail sales for April (-16.4% versus expectations for -12%). […]
Meixia Chen News Gold, US non-farm payrolls, US oil, Weekly Wrap
Marius Paun | London, UK | Senior dealer | Friday 15th May 2020 World’s economic data continues to disappoint The US non-farm payrolls data for April showed the economy shed 20.5 million jobs, slightly better than expected (loss of 22 million jobs) with unemployment rate rising to 14.7. Surprisingly the stock markets performed well closing […]
Meixia Chen News Covid-19, OPEC+, US oil, Weekly Article
Marius Paun | London, UK | Senior dealer | Thursday, 14th May 2020 The US oil prices have enjoyed a decent rebound since April 21st gaining 40% in May alone, supported by falling inventories and signs that Saudi Arabia may comply with its pledged production cuts (despite low costs, the kingdom’s budget balances at much […]
Marius Paun | London, UK | Senior dealer | Tuesday 12th May 2020 What just happened? A block halving or halveing is a feature built into bitcoin’s code by the pseudonymous Satoshi Nakamoto. Part of the job for a bitcoin miner is to bundle up outstanding transactions, verify they are not a fraud (making sure […]
Marius Paun | London, UK | Senior dealer | Thursday 07th May 2020 The world ready to ease lockdown measures amid dismal GDP and labour data The US stock markets started the week under pressure as President Donald Trump continued to blame China for concealing the severity of the outbreak. Referring to the phase 1 […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
