Royal Bank of Canada (RBC), Canada’s largest bank, was sued by the Commodity Futures Trading Commission (CFTC) in April for alleged illegal wash trades tied to equities worth millions of dollars in tax benefits.
Since putting a high around $308 in May of last year, coffee prices have fallen steadily with prices recently dipping as low as $180. According to analysts, most of the decline can be attributed to one producer: Brazil.
Although it went nearly straight up for the first three months of 2012, the Nasdaq 100 has pulled back through much of April. Now, in the heart of earnings season, the index faces a possible turning point.
Some analysts have described natural gas’ price collapse as “epic” in proportion. With prices currently the lowest they have been in more than 10 years, it’s staggering to think that some analysts say prices need to fall further.