Latest Market News
JP Morgan Lifts Profit ForecastsShares in US bank JP Morgan are seeing better demand this week following an encouraging profit forecast from the bank yesterday. Notably, the Morgan lifted its forecasts for interest income fuelling a 6% rally yesterday. The bank now projects net interest income of $56 billion this year, a sharp increase from […]
EURCAD Testing Key LevelEURCAD is on watch for me here. I was a little premature it seems at the start of the month looking for a breakout. However, following the failed downside break of 1.3439 price has since reversed sharply higher, breaking out above the bear channel top. Bulls can now look for a break […]
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the Code of Arbitration Procedure for Industry Disputes (“Code”) to align the Code with the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021 (“Act”). The proposed rule change […]
Summary FINRA has adopted amendments to Rule 6730 (Transaction Reporting) to require members to append a modifier to a corporate bond trade that is part of a portfolio trade when reporting to FINRA’s Trade Reporting and Compliance Engine (TRACE). The amendments to Rule 6730 will take effect on May 15, 2023. The amended text of […]
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Glencore International A.G. of Switzerland, Glencore Ltd. of New York, and Chemoil Corporation of New York (collectively, Glencore), an energy and commodities trading firm, for manipulative and deceptive conduct. The conduct, which spanned from least 2007 to 2018, […]
As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history and it doesn’t appear that there is any […]