Pfizer COVID-19 vaccine Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

Surrender of former HSBC FX trader looms closer

The surrender date of former HSBC FX trader Mark Johnson looms closer, as he receives a COVID-19 vaccine.

The Ortex data suggests that many short sellers were caught out by the rapid change in investor sentiment after Pfizer’s vaccine news.

We find Monday’s price dip somewhat ironic, as Monday itself will probably turn out to be one of Plus500’s best days ever.

Trading volumes in the 30 minutes following the Pfizer announcement were up 8-10 times greater than daily norms at IG.