The overturning of Mark Johnson’s fraud conviction in July could indicate that dealers do not owe fiduciary duties to their counterparties when pre-hedging large transactions, according to lawyers. Johnson, former head of foreign exchange cash trading at HSBC, was accused of wire fraud involving Scottish energy company Cairn over a $3.5 billion dollar/sterling transaction. In […]
French government collapse does not impede market optimism European equity markets rose overnight, supported by expectations of imminent and deeper Federal Reserve (Fed) rate cuts, improved German economic data, and as markets looked past the widely expected collapse of the French government. French Prime Minister François Bayrou’s minority government collapsed after he attempted to pass
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The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
Japan’s trade negotiator Akazawa with a tweet. Reuters reports: says US tariffs on Japanese goods, including cars, will be lowered by September 16th We knew this already. USD/JPY down a little circa 147.30. Akazawa said over the weekend that trade disputes with the United States remain unresolved noted that while Washington has issued a presidential
All eyes are laying on one asset class in Markets: Precious Metals The usual suspect: Gold, A.K.A. The Bullion (or just “bully” for people who are caught short). Gold has always been a very complex asset. It does not have a face value yet it serves as store of value for many Central Banks. It
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Geopolitical news: Israeli PM Netanyahu warns Gaza residents to leave now Says that forces are now organizing and assembling into Gaza city for a ground maneuver Over the weekend, Pres. Trump said He thought they will have a deal on Gaza very soon A deal may mean a full military occupation of Gaza city and
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
(Partial video transcript) This week’s trading opportunity Axel Rudolph: Hello and welcome to this week’s “Trade of the week” on Monday 8 September, 2025. And, today’s trade is one I actually did live. I just bought some currency; I bought the Japanese yen. So, what I would like to do is to go short GBP/JPY. If
Costco Wholesale Corporation (COST) reported a robust financial performance for its fourth quarter of fiscal 2025 with net sales reaching $84.4 billion, an 8% increase from $78.2 billion last year. This growth was supported by strong comparable sales gains across multiple regions and a notable contribution from e-commerce channels. Comparable sales for the quarter rose 5.7%,
2025.09.08 2025.09.08 Making $100 Daily with Cryptocurrency: What You Need to Know Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ Many novice crypto investors and traders wonder how to start earning $100 a day. Indeed, cryptocurrencies can bring you hefty returns, but they come with high risks. Therefore, you should create a trading strategy that encompasses the principles of cryptocurrency trading,
Bond markets may have gone too far French government bond yields’ surge to multi-year highs last week might represent an overreaction to political risk rather than genuine fiscal concerns. France’s debt profile remains manageable compared to many European peers. The spread widening against German bonds, while dramatic, could prove temporary once a new government emerges.
The Japanese yen is in positive territory on Monday. In the European sesssion, USD/JPY is trading at 147.87, down 0.35% on the day. Japan’s economy expands 2.2% in Q2 The week has started on a positive note in Japan, as GDP for the second quarter was revised sharply higher to 2.2% y/y, up from the
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The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a
Fundamental Overview Crude oil looked set for a rally into the 70.00 level last week after some key technical breakouts but eventually dropped all the way back to the most recent low around the 61.45 level. The catalysts were the Reuters report saying that OPEC+ was set to hike output at the Sunday’s meeting again,
