Court orders Louisiana forex scheme operator and his firms to pay a penalty of over $9 million
A federal court has entered a default judgment in a CFTC case against Michael B. DePetrillo, Meteor LLC and NOLA FX Capital Management LLC, finding they took more than $3 million from forex participants.
Court orders EminiFX and founder to pay over $288 million in CFTC Ponzi case
A New York federal court has granted the CFTC summary judgment against Eddy Alexandre and EminiFX, which promised weekly returns on crypto and forex trading to tens of thousands of investors.
Markets digest, 16 October 2026: US stocks fall as the VIX rises to 19.99
The S&P 500 closed at 7,659.44 and the Dow at 52,002.41, both lower. The VIX rose to 19.99 and Bitcoin ended Friday at $81,475.05 on Coinbase, while the euro firmed to 1.1253 dollars.
Markets digest, 19 October 2026: S&P 500 and Nasdaq rise as the VIX eases to 18.44
The S&P 500 closed at 7,690.73 and the Nasdaq Composite at 26,430.890, both higher, while the Dow slipped. The VIX fell to 18.44 and the euro eased to 1.1225 dollars.
Markets digest, 15 October 2026: US stocks close higher as the VIX eases
The Dow rose to 52,177.69 and the S&P 500 to 7,744.06. Bitcoin closed at $82,140.24 on Coinbase, and the EIA reported an 8.6 million barrel fall in US commercial crude stocks.
FSB tells the G20 that cross-border oversight of global stablecoins is still immature
A Financial Stability Board note sent to G20 finance ministers finds that rules for foreign-issued stablecoins are uncertain in many jurisdictions and that stablecoin data are hard to rely on.
Markets digest, 9 October 2026: stocks and Bitcoin rise as the VIX eases
The S&P 500 closed at 7,811.54 and the Dow at 51,654.95. Bitcoin rose to $82,543.30 on Coinbase, and the EIA reported Gulf of Mexico oil output shut in ahead of Hurricane Isaias.
Markets digest, 12 October 2026: Bitcoin and the Nasdaq slip as the Dow edges up
The S&P 500 closed at 7,807.24 and the Dow rose to 51,850.55. Bitcoin fell to $81,782.78 on Coinbase, and the FSB sent the G20 a note on cross-border gaps in stablecoin oversight.
ECB account shows all members backed September rate rise with no guidance on next steps
The ECB's account of its 9–10 September meeting shows unanimous support for raising the deposit facility rate to 2.50%, and agreement that communication should stay neutral on the rate path.
Markets digest, 8 October 2026: Nasdaq and Bitcoin fall as the Dow edges up
The S&P 500 closed at 7,765.36 and the Nasdaq Composite at 27,193.340. Bitcoin fell to $81,657.19 on Coinbase, and the ECB's euro reference rate rose to 1.1186 dollars.
Fed minutes: most officials saw another rate rise as likely by year end
Minutes of the Federal Reserve's 15–16 September meeting, released on 7 October, show most participants judged that a further increase in the federal funds target range would likely be appropriate by the end of the year.
Markets digest, 7 October 2026: Bitcoin and Ether fall as the euro eases
The S&P 500 closed at 7,801.77 and the Dow at 51,179.87. Bitcoin fell to $83,239.49 on Coinbase, and the ECB's euro reference rate eased to 1.1177 dollars.
Inside Winset: How a Rules-Based Algorithm Has Stayed Profitable Through 6 Years of Market Cycles
Winset's Rudin algorithm has traded EUR/USD on fixed rules for six years, with a public record on Myfxbook since 2023. The firm is now opening a partner program for introducing brokers and money managers.
Markets digest, 6 October 2026: US stocks close higher as the euro firms
The S&P 500 closed at 7,818.93 and the Dow at 51,521.28. Bitcoin ended slightly lower on Coinbase, and the ECB's euro reference rate rose to 1.1269 dollars.
Markets digest, 2 October 2026: US stocks close higher as the VIX eases and the euro slips
The S&P 500 closed at 7,722.72 and the VIX fell to 15.31. Bitcoin ended slightly lower on Coinbase, and the ECB's euro reference rate fell to 1.1225 dollars.
US payrolls rise by 29,000 in September as unemployment holds at 4.2%
BLS data show employment changed little in September, and July and August payrolls were revised down by a combined 60,000. Hourly pay rose 3.0% over 12 months.
Markets digest, 1 October 2026: stocks and Bitcoin edge higher as the euro slips against the dollar
The S&P 500 closed at 7,666.45 and Bitcoin at $84,759.64 on Coinbase, both higher. The ECB's euro reference rate fell to 1.1298 dollars.
Markets digest, 30 September 2026: Dow and S&P 500 slip as US commercial crude stocks rise
The Dow closed at 50,906.05 and the S&P 500 at 7,651.54, both lower, while the Nasdaq rose. EIA reported a small build in US commercial crude stocks.
CFTC Charges Cash FX Group S.A., and CEO; Three Others With $950 Million Fraud Scheme
The CFTC sues Cash FX Group, its CEO and three others over an alleged multilevel-marketing forex pool that promised up to 15% a week from expert, algorithmic and AI trading; participants lost at least $406 million.
Inside the FX market: what the BIS Triennial Survey tells us
Every three years, central banks count the world's currency trading. The 2025 survey found a market of roughly $9.5 trillion a day, still dominated by the dollar, by London and by FX swaps.
Before you copy a trader: a practical checklist
Copy trading hands your trading decisions to someone else. Track record, drawdown, fees, slippage and regulation all deserve a look before you connect your account.
How prop firm payout rules work, and what to read before you pay
Profit splits get the headlines, but drawdown definitions, consistency rules and payout conditions decide whether a funded trader is ever paid. A guide to the small print.
Swap rates and overnight financing, explained
Hold a leveraged FX position past the daily cut-off and you pay or receive financing. Here is how swaps are built, why Wednesday often costs three times as much, and what swap-free accounts really charge.
FX trading sessions: how liquidity moves around the clock
The currency market never formally opens or closes on weekdays, but liquidity follows the sun from Sydney to New York. Knowing the rhythm explains why spreads behave the way they do.
What a liquidity provider does, and why it matters to traders
Between a retail trader's click and the interbank market sits a chain of banks, prime brokers, aggregators and bridges. Understanding that chain explains a lot about spreads, fills and rejections.
Leverage limits and negative balance protection: the rules retail traders rely on
Since 2018, regulators in Europe, the UK and Australia have capped retail CFD leverage and guaranteed that clients cannot lose more than their deposit. Here is what the rules say, and where they stop.
ECN, STP and market maker: what the execution labels really mean
Execution-model labels are marketing shorthand, not regulatory categories. What matters is who takes the other side of your trade, and how the broker manages the conflict that creates.
How to check a broker's licence in five minutes
A licence number on a website proves nothing until you have matched it against the regulator's own register. Here is the routine we use, step by step.
A Global Stablecoin Glut: Implications for Monetary Policy
Fed Governor Stephen Miran examines how growth in dollar stablecoins could add to foreign demand for Treasury bills and other dollar assets, and what that could mean for the neutral rate, the dollar and monetary policy.
The International Role of the U.S. Dollar – 2025 Edition
Federal Reserve Board economists review the dollar's use in official reserves, as an anchor currency, in trade invoicing, banking, debt issuance and FX trading, and weigh possible challenges to its dominance.
The U.S. Dollar and Central Bank Digital Currencies
Governor Waller argues the dollar's dominance rests on fundamentals rather than technology, so neither foreign CBDCs nor a US CBDC would change it, while dollar stablecoins may increase the dollar's primacy abroad.
Customer Advisory: Eight Things You Should Know Before Trading Forex
A CFTC advisory urging retail customers to research over-the-counter forex dealers before depositing money, covering why registration matters and eight features of OTC forex trading.
What Do Quoted Spreads Tell Us About Machine Trading at Times of Market Stress? Evidence from Treasury and FX Markets during the COVID-19-Related Market Turmoil in March 2020
Board economists use high-frequency quote data to show how bid-ask spreads in Treasury cash, Treasury futures and FX futures markets behaved in the March 2020 turmoil, and what that says about machine trading.