News Regulators 

Singapore probing Noble Group for false statements, disclosure breaches

“Authorities are also looking into potential non-compliance with accounting standards by Noble’s wholly-owned subsidiary, Noble Resources International, the Commercial Affairs Department of the Singapore Police Force, the Monetary Authority of Singapore and the Accounting and Corporate Regulatory Authority said in a joint statement” reports businessinsider.com. Noble, once Asia’s top commodity trader, is seeking to transform into an Asia-focused coal-trading business following a $3.5 billion debt restructuring deal. Source: businessinsider.com Share This:

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GBP News 

Sterling tumbles after Brexit Secretary Dominic Raab resigns

“The British pound fell sharply on Thursday after the resignation of U.K. Brexit Secretary Dominic Raab, who announced his decision in a Twitter message” writes Markets Reporter for marketwatch.com. The pound GBPUSD, -1.4779% sank to $1.2830, a drop of more than 1% on the session, from a late New York close of $1.2991 on Wednesday. Source: marketwatch.com Share This:

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Crypto News 

California Based P2P Trader Convicted of Illegal Money Transmission

“According to prosecutors, Tetley earned at least $300,000 annually by operating an illegal, unregistered money transmitting business that exchanged the digital currency Bitcoin for cash” reports 247cryptonews.com. This is just another case in an ever-growing list of bitcoin traders being charged and convicted for illegally trading digital currency.Between 2014 and 2017, Tetley used the localbitcoins.com to advertise and conduct transactions related to the charges.Tetley’s business “fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry,” according to court…

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Markets News 

Here’s how trader Jon Najarian is playing the election

“And as Brexit and the 2016 Presidential result showed, the markets will react and possibly overreact, which is what happened in each of the aforementioned events” writes Jon Najarian for cnbc.com. So knowing markets as we do, we have a pretty good view on what the money in the stock market believes will occur given these assumptions.Thus, I believe if these “knowns” come to be, then our market is where it should be and direction will be driven by events such as resumption of China negotiations and the G20 meeting…

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Markets News 

Former JP Morgan trader pleads guilty to manipulating U.S. metals markets for years 

“An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S. markets of an array of precious metals for about seven years — and he has implicated his supervisors at the bank” writes Dan Mangan for cnbc.com. As part of his plea, Edmonds said that from 2009 through 2015 he conspired with other J.P. Morgan traders to manipulate the prices of gold, silver, platinum and palladium futures contracts on exchanges run by the CME Group. Source: cnbc.com Share This:

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News 

Gold prices inch down; all eyes on US midterm elections

“Dollar is a little bit firmer so that’s putting some pressure on gold,” a Hong Kong-based trader said, adding, gold will be trading mostly sideways until the midterm elections results” reports cnbc.com. Spot gold was down about 0.2 percent at $1,228.20 per ounce at 0452 GMT while U.S. gold futures fell 0.2 percent to $1,230.5 per ounce.Gold prices edged lower in early Asian trade on Tuesday as the dollar strengthened, while investors awaited U.S. midterm election results for market direction.Meanwhile, holdings of the world’s largest gold-backed exchange-traded fund, SPDR Gold…

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Markets News Stocks 

It looks like the worst of the market meltdown is over — but Goldman Sachs says there’s still one big fear troubling investors

“To the casual observer, the stock market meltdown that plunged US indexes into a correction appears to be over” writes Joe Ciolli for businessinsider.com. As you can see in the chart below, skew for the average stock has actually spiked since the start of October. Source: businessinsider.com Share This:

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News 

How to best view the emotions you feel while trading

“Take a moment to ask, ‘How do I feel when I am trading well as opposed to how I feel when I am trading badly?’ Trading is a very emotional pursuit” reports forexlive.com. In fact, you may have reached the conclusion that you need to remove the emotions entirely from your trading.The thinking was that the emotions of a trader are getting in their way and if we can just entirely eradicate that from the trading process then trading will become easy. Source: forexlive.com Share This:

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Crypto News 

СNBC Crypto Trader Host Ran Neuner Claims Coinbase Will Soon Announce Its First IPO

“Ran Neuner, host of of the Crypto Trader show on CNBC Africa, claims that major crypto exchange and wallet Coinbase is about to announce its first Initial Public Offering (IPO), according to a tweet Thursday, Oct. 25” reports cointelegraph.com. The host also provided statistics on Coinbase’s revenue and account numbers in his post. In particular, the crypto exchange was allegedly in talks with Tiger Global and its current shareholders for an investment of up to $500 million. Source: cointelegraph.com Share This:

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News 

RECALL on millions of pounds of prepacked foods

“The recalls stem from those issued by a dozen food manufacturers including Bakkavor Foods, Envolve Foods and Ruiz Food Products” writes Midwest Communications Inc for 95kqds.com. Recall due to the potential risk of listeria and salmonella contamination Millions of pounds of ready-to-eat salads and premade food items have been recalled due to the potential risk of listeria and salmonella contamination. Source: 95kqds.com Share This:

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