JP Morgan boss plays down risk of crisis
BEARISH MID TEM
BULLISH SHORT TERM
JP Morgan boss plays down risk of crisis
THE MARKET IS FULL OF MANIPULATIONS Spoofing
Spoofing - This involves placing orders with no intention of executing them, in order to create a false impression of market demand or supply, and then cancelling the orders once the market has moved in the desired direction.
We're keeping an eye on the market makers, zooming in for a closer look."
Spoofing and Volume Point of Control (VPOC) are terms used in the context of market manipulation and market analysis in financial markets.
A spoofing detector is a tool developed to detect the spoofing of orders. Spoofing refers to a practice where a market participant places large orders to deceive other market participants and influence the price of a stock. These large orders, however, are not executed but cancelled shortly after, creating a false demand for a specific stock and influencing the price. A spoofing detector can use algorithms to detect and report these practices to maintain the integrity of the market.
The Volume Point of Control (VPOC) is a concept in technical analysis aimed at identifying the key price level at which a stock was bought and sold. VPOC is calculated by analyzing the volume data of a stock and determining the price level at which the largest volume was traded for a specific period. This price level can serve as an indicator of the current market trend and market interest in a specific stock.
There is a substantive connection between a spoofing detector and VPOC because both tools can be used to gain a better understanding of the stock markets and detect potential forms of market manipulation. For example, VPOC can be used as an indicator of potential market manipulation when an abnormal distribution of trading volume is observed at a specific price level. A spoofing detector can then be used to detect and report these activities.
Jamie Dimon, the boss of JP Morgan, has played down the risk of a spiralling banking crisis after America’s biggest bank stepped in to buy most of collapsed lender First Republic in a 10.6bn (£8.5bn) takeover hurriedly brokered by US regulators.
After weekend talks to secure a sale of First Republic, the third US lender to fail this year, the Federal Deposit Insurance Corporation (FDIC) confirmed JP Morgan as the buyer.
The regulator is providing 50bn of financing and promising to share loan losses, as part of a deal that further cements JP Morgan’s position as the largest lender in the US.
First Republic’s failure is the second largest in US banking history, beaten only by the 2008 demise of Washington Mutual – which was also seized by the FDIC and sold to JP Morgan.
Speaking on a conference call, Dimon played down any other similarities with the 2008 crash, which triggered the start of an international financial crisis that plunged the global economy into recession.
He said the US banking system was “extraordinarily sound”, adding that the takeover meant the sector was “getting near the end” of the spate of bank collapses and would “hopefully help stabilise everything”.
The failure of First Republic follows that of Silicon Valley Bank (SVB) and Signature Bank. The sequence has prompted concerns about a repeat of the contagion that characterised the global banking crisis.
Dimon said conditions were “nothing like 2008 and 2009 for a lot of different reasons”. However, he conceded that if the US economy went into recession and high interest rates persisted, that could lead to “other cracks in the system”.
Under the terms of the First Republic deal, JP Morgan will acquire all of the California-based bank’s deposits and “substantially all of the assets”, winning out over as many as five rivals reportedly in the running.
Dimon said: “Our government invited us and others to step up, and we did. This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
First Republic, which focused on high-net-worth clients, got into financial difficulty after customers began pulling deposits from any US lender perceived as weak, after the SVB collapse.
Growing anxiety about the health of the US banking sector has forced the Federal Reserve to launch emergency measures to stabilise the markets.
A group of 11 Wall Street banks had pumped 30bn into First Republic last month in an attempt to avoid the third bank failure of 2023. However, shares in the San Francisco-based bank fell by more than 75% last week after it revealed customers had withdrawn 100bn of deposits in March.
TREND SHORT
KEY LEVELS
119
109
87
BULLISH SHORT TERM
JP Morgan boss plays down risk of crisis
THE MARKET IS FULL OF MANIPULATIONS Spoofing
Spoofing - This involves placing orders with no intention of executing them, in order to create a false impression of market demand or supply, and then cancelling the orders once the market has moved in the desired direction.
We're keeping an eye on the market makers, zooming in for a closer look."
Spoofing and Volume Point of Control (VPOC) are terms used in the context of market manipulation and market analysis in financial markets.
A spoofing detector is a tool developed to detect the spoofing of orders. Spoofing refers to a practice where a market participant places large orders to deceive other market participants and influence the price of a stock. These large orders, however, are not executed but cancelled shortly after, creating a false demand for a specific stock and influencing the price. A spoofing detector can use algorithms to detect and report these practices to maintain the integrity of the market.
The Volume Point of Control (VPOC) is a concept in technical analysis aimed at identifying the key price level at which a stock was bought and sold. VPOC is calculated by analyzing the volume data of a stock and determining the price level at which the largest volume was traded for a specific period. This price level can serve as an indicator of the current market trend and market interest in a specific stock.
There is a substantive connection between a spoofing detector and VPOC because both tools can be used to gain a better understanding of the stock markets and detect potential forms of market manipulation. For example, VPOC can be used as an indicator of potential market manipulation when an abnormal distribution of trading volume is observed at a specific price level. A spoofing detector can then be used to detect and report these activities.
Jamie Dimon, the boss of JP Morgan, has played down the risk of a spiralling banking crisis after America’s biggest bank stepped in to buy most of collapsed lender First Republic in a 10.6bn (£8.5bn) takeover hurriedly brokered by US regulators.
After weekend talks to secure a sale of First Republic, the third US lender to fail this year, the Federal Deposit Insurance Corporation (FDIC) confirmed JP Morgan as the buyer.
The regulator is providing 50bn of financing and promising to share loan losses, as part of a deal that further cements JP Morgan’s position as the largest lender in the US.
First Republic’s failure is the second largest in US banking history, beaten only by the 2008 demise of Washington Mutual – which was also seized by the FDIC and sold to JP Morgan.
Speaking on a conference call, Dimon played down any other similarities with the 2008 crash, which triggered the start of an international financial crisis that plunged the global economy into recession.
He said the US banking system was “extraordinarily sound”, adding that the takeover meant the sector was “getting near the end” of the spate of bank collapses and would “hopefully help stabilise everything”.
The failure of First Republic follows that of Silicon Valley Bank (SVB) and Signature Bank. The sequence has prompted concerns about a repeat of the contagion that characterised the global banking crisis.
Dimon said conditions were “nothing like 2008 and 2009 for a lot of different reasons”. However, he conceded that if the US economy went into recession and high interest rates persisted, that could lead to “other cracks in the system”.
Under the terms of the First Republic deal, JP Morgan will acquire all of the California-based bank’s deposits and “substantially all of the assets”, winning out over as many as five rivals reportedly in the running.
Dimon said: “Our government invited us and others to step up, and we did. This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
First Republic, which focused on high-net-worth clients, got into financial difficulty after customers began pulling deposits from any US lender perceived as weak, after the SVB collapse.
Growing anxiety about the health of the US banking sector has forced the Federal Reserve to launch emergency measures to stabilise the markets.
A group of 11 Wall Street banks had pumped 30bn into First Republic last month in an attempt to avoid the third bank failure of 2023. However, shares in the San Francisco-based bank fell by more than 75% last week after it revealed customers had withdrawn 100bn of deposits in March.
TREND SHORT
KEY LEVELS
119
109
87
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