High-Speed Trader Gets High-Speed Guilty Verdict In Spoofing Case

commodities

New Jersey-based high-speed commodities trader Michael Coscia has been found guilty of six charges of spoofing and six of commodities fraud in a case brought by the Commodities and Futures Trading Commission. The jury took less than an hour to convict him. Coscia manipulated the market by placing huge orders which he never intended to […]

We’ve Said It Before – Is China Fiddling The Figures?

China

When you happen to be the second largest economy in the world – after the US – it’s a fairly safe bet that you want the rest of the world to believe that you are going to keep going for ever – and maybe become the BIGGEST economy in the world. Fifty years ago, China […]

Dow Turns Positive (Just) At Last

wall

In a positive looking Monday all round on Wall Street, the Dow Jones Industrial Average finally turned the corner and climbed 165.22 points to 17,828.76 pushing it up for the year by 0.03%. It is not a lot, but it is heading in the right direction. Next best performance was the S&P 500 which rose […]

Crude Sinks In Asia On Gloomy News From China

oil

Crude oil prices slipped in early trade Monday in Asia on receipt of gloomy news from China. The Caixin China Manufacturing Purchasing Managers Index for October was 48.3 in October which was actually an increase from September’s 47.2. However, any figure below 50 shows contraction while above 50 shows expansion. Eighth Month In Succession This […]

US Stocks Closed Best Month For Four Years Friday

Wall

Stocks on Wall Street finished on Friday near lows for the session, but nonetheless closed October as the best month in four years. Having started the month at 16,278.62, the Dow Jones Industrial Average closed at 17,663.54 on Friday, showing a gain for the month of 8.5%. The S&P 500 was at 1,919.65 on October […]

Wall Street Marking Time Until Fed Announcement

NYSE

Apart from commodities, which have taken another hammering over the last few days, most of the rest of Wall Street seems to be marking time until the press conference after the meeting of the US Federal Reserve on Wednesday, and more results in the earnings season. It seems to be a bit up, then a […]

The Morning Market Report – 26th October 2015

Daily Market News

The U.S. dollar slipped from a 2.5-month high against major global currencies despite news that China will introduce another round of monetary easing in the wake of its sixth rate cut since November. The announcement from the People’s Bank of China came a day after the European Central Bank indicated plans to boost its bond-purchasing […]

You Could Learn Something From These Two

Dilshad

Based in Bracknell in Berskshire, Dilshad and Barinder Hothi co-founded The Knowledge Academy in 2009, and now have 190 staff in the UK and offices in 650 cities in 158 countries worldwide. Barinder was born in London, the daughter of Indian immigrants who opened a restaurant in Harrow,  North London, and spoke no English. She […]

The Forex Week Ahead – 25th October 2015

yellen

The week of Oct. 26 to Oct. 31 features a rash of decisions by global central banks on how to handle monetary policy in a low-inflation, low-oil price environment. The Federal Reserve isn’t expected to raise interest rates this week when the Fed Open Market Committee meets, particularly in the wake of decisions by the European […]

Drop In Demand For Commodities Is Worrying Many

blast

Some 2,000 workers at the massive United States Steel plant near St Louis are wondering if they will still have a job by Christmas. Based in Granite City, the plant has for many years produced steel pipes for the oil industry. It obtains raw materials from the mining areas in Minnesota, and its customers are […]