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Trader`s Blog

Novavax pops on $1.6 billion funding for Covid-19 vaccine


The race to find a coronavirus vaccine continues to heat up with current leader Novavax Inc surging more than 30% in Tuesday's session with a higher open also set for Wednesday. News that Novavax Inc (NVAX) received $1.6 billion in funding from the US government

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Facebook facing an ad boycott – dropping revenues ahead?


Facebook had some bad news coverage over the last week, starting on June 26, as the stock dropped sharply, losing nearly 15% from its June highs, even though it has recovered most of these losses over the last few days.

What happened?

Facebook is currently facing an ad b

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Euro slumps as EU slash economic forecasts


Euro slumps

The euro fell against most major currencies as the European Commission slashed its 2020 and 2021 economic forecasts. According to the institution in Brussels, the toll of the coronavirus pandemic will force the 27 EU economies to contract by 8.3% this year, with

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Weekly Market Outlook: RBA, China and stocks in focus


Chinese Yuan, Australian Dollar

In the last week before the US earnings season gets underway, the focus turns to key economic data events which include the Reserve Bank of Australia (RBA) interest rate decision, Canadian PMIs, Chinese Inflation and Eurogroup meetings, as well as corporate data

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China A50 Index soars on rate cuts and upbeat PMIs!


Chinese stocks surge

Stocks in Asia have surged higher on Friday as positive economic data and the prospect of a fast recovery from the coronavirus pandemic raised optimism. China's A50 index soared to a 2-year high, just 4% lower than its all-time high at around $15,000 made in May

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Regulated by the Cyprus Securities and Exchange Commission (CySEC)
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