Argentina’s dollar-denominated bonds have been experiencing a sharp decline in value this week, as all restructured issues are down over 1 cent in price. The 2035 maturity bond has seen the most significant drop, with a decline of 1.7 cents, while the 2041 bond has dropped 1.5 cents to trade at 37.29 cents, the lowest
It is crucial to recognize that the information provided on any financial website, including general news, personal analysis, and opinions, is intended for educational and research purposes only. This content should not be seen as a recommendation or advice to take any action, such as making an investment or purchasing a product. Each individual must
Gold prices surged to a record high on Tuesday, with gold futures climbing 1.5% to $2,465.30. This jump surpassed the previous peak of $2,454.20 reached in May. Spot gold also hit an all-time high of $2,465.19 during the session. This increase in prices was largely driven by the growing anticipation of a September interest rate
BlackRock, the asset management giant, reported a 10% increase in profits in the second quarter of the year. This rise in profits was largely driven by robust ETF inflows and a rising stock market. The company reported a record $10.6 trillion in assets under management by the end of Q2, marking a 13% increase from
The USD/JPY pair has shown signs of edging higher to 158.30 in early Asian trading sessions, driven by a rebound in the US Dollar. With Fed officials acknowledging significant progress on inflation, investors are closely monitoring US economic data, particularly the June Retail Sales and speeches from Federal Reserve officials. This positive outlook on the
The dollar has been hovering around five-week lows due to Federal Reserve Chair Jerome Powell’s recent comments indicating a potential rate cut in September. Powell’s remarks regarding U.S. inflation readings and the need for sustainable price increases have shifted market expectations towards a rate cut. The dollar index, measuring the U.S. unit against its peers,
Bitcoin prices experienced a resurgence over the weekend, breaking above the $60,000 mark and overcoming several key technical barriers in the process. The recent inflow of $1.04 billion into Bitcoin Spot ETFs underscores the growing confidence among investors in the cryptocurrency market. This influx of capital suggests a potential short-term uptrend in Bitcoin’s price, signaling
Following the attempted assassination of former President Donald Trump at a Pennsylvania rally, the leaders of Wall Street’s most powerful firms have come forward to denounce the act of violence. JPMorgan Chase CEO Jamie Dimon expressed deep sadness over the incident and emphasized the need to stand together against hate and violence that threaten democracy.
The Nikkei 225 index, also known as Japan 225 on FXOpen, has shown a significant upward trend in recent weeks as indicated by the blue channel on the chart. The price surged above 42,500 points on 10th July, marking a yearly high. However, the gains from 9-10 July were completely offset as the bears made
Goldman Sachs recently reported an impressive second-quarter profit and revenue, surpassing analyst estimates. However, one area where the company fell short was in its investment banking division. While investment banking fees rose by 21% to $1.73 billion, it was slightly below the $1.8 billion StreetAccount estimate. The main reason for this miss was the lower-than-expected
The cable maintained its bullish tone on Monday, reaching a new yearly high just below the psychological barrier of 1.30. However, after a strong advance in the past two weeks, bulls may start to lose traction as they face resistance at the 1.30 level. Daily studies suggest that the market is overbought, and the 14-day
As we begin the week, the financial markets are treading cautiously in response to reports of an assassination attempt on former President Donald Trump. This unsettling news has put investors on edge, leading to a subdued start to trading activities. Moreover, the economic calendar for the day does not feature any high-impact data releases, further