Monthly descending triangle in play The flow on the monthly chart reveals that price action completed a descending triangle in April this year, formed between US$95.00 and US$64.41. Following the breach of the lower boundary and refreshing year-to-date (YTD) lows of US$55.15, a determined pullback materialised and resulted in the unit testing the upper barrier…
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Eric Stewart has joined the firm as a Senior Managing Director to build the European Healthcare effort, in close collaboration with the broader investment banking team. He was most recently a Managing Director at Lazard, where he spent over a decade. Prior to joining Lazard in 2014, he was part of the Healthcare Investment Banking…
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The update, available via the Chase mobile app and Chase.com, is said to allow users to explore and trade corporate bonds, Treasuries, municipal bonds, and brokered CDs with simplified navigation and enhanced filtering tools. Among the key additions is a Yield Comparison Table, enabling investors to compare returns across fixed income products by selected timeframes. …
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The notes, to be issued by StoneX Escrow Issuer, a wholly-owned subsidiary created specifically for this purpose, will be offered to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S. The proceeds will be held in escrow until the RJO acquisition closes, at which point StoneX will assume the obligations…
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US Markets US stock index futures gapped lower overnight as traders responded to the weekend news. President Trump wrongfooted everyone by authorising US involvement in Israeli-Iranian hostilities. US action has been limited so far to bombing sorties aimed at destroying Iran’s nuclear infrastructure. The strikes targeted key facilities in Fordo, Isfahan, and Natanz surprising many…
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The interesting situation, however, might be building on a Swiss Franc. The SNB had cut interest rates by quarter a point (exactly as anticipated) and brought monetary policy to zero. At the same time, the net position for speculators had reached the peak, indicating the “safe haven” narrative in play. Options for “risk-reversals” (bearish bets…
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The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management. Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…
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The markets now seem to be influenced by “social media wars” and statements. The beginning of the week was affected by US president Donald Trump claiming China was not easy to negotiate (that strengthened the Japanese Yen against the greenback). The second part of the week was mostly dominated by Elon Musk and his statements…
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FMAS:25 brought together industry professionals, partners, and thought leaders from across the continent and beyond. Paul Margarites, Exness Regional Commercial Director, joined the Leaders Roundtable alongside other industry executives to share Exness’ approach to product reliability, financial security, and local partnership. He spoke about the broker’s core strengths, instant withdrawals, tight and stable spreads, and…
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