We are watching the MAR14/JUN14 Natural gas spread, which has recently exploded. We believe this may be approaching overbought levels.
Most analysis—I believe correctly—targeted the September meeting as the start of the taper. But in between there were two extremely poor unemployment reports. Just after we had a government shutdown and a threat of default on our debt.
A regulatory push to make complex securities easier to understand could change how banks disclose risks for exchange-traded notes for the first time since they began trading in 2006.
Regulators are examining evidence that a small group of senior forex traders at big banks had something else on their screens: Details of each other’s client orders. Sharing that information may have helped dealers at firms manipulate prices to maximize their own profits.