Author: Money Mechanics

President Javier Milei faces a formidable foe as he tries to contain a run on the peso ahead of crucial midterm elections: Argentina’s highly creative currency traders. The South American country’s history of strict exchange controls and economic crises have spurred investors to develop myriad strategies to extract profit from government policies. Their voracious demand for dollars can be a thorn in the side of cash-strapped Argentine leaders. Individual traders snapped up $9.5bn from Argentina’s central bank from April to August in order to sell them for more pesos on a parallel exchange market, according to a report by Buenos Aires’…

futures last at $3906.8, marking a gain of +$38.70 (+1.0%) as the market continues to consolidate near a critical inflection zone. The confluence of VC PMI levels, Square of 9 harmonics, and Gann cycle time markers makes October a decisive period for price direction. On the VC PMI framework, is trading in the upper resistance band defined by Sell 2 Weekly ($3904) and Sell 2 Daily ($3958). The market remains bullish as long as it sustains closes above the Daily Pivot ($3878). Below this pivot, downside risk expands toward Buy 1 Daily ($3833) and the deeper Buy as I write…

(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply.  were up 29 cents, or 0.5%, at $64.40 a barrel by 1311 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.5%, at $60.75. For the week, Brent was trading 8.2% down and WTI was on course for a 7.6% decline. “We are in a wait-and-see mode for what the OPEC+ Group of Eight will decide over the weekend,” said UBS analyst Giovanni Staunovo, adding that Friday’s modest price recovery was likely…

Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Imagine opening your mailbox to find a $2,000 “dividend” check from the government. That’s the eye-popping idea President Donald Trump is now floating — all thanks to his sweeping tariff policy. In a recent interview with One America News, Trump touted how much money tariffs could generate. “They’re just starting to kick in, but ultimately, your tariffs are going to be over a trillion dollars a year,” he said. (1) That’s a big claim. Treasury Department data cited by Fox Business shows…

Students wait in line before the start a career fair at the New York University Polytechnic School of Engineering in the Brooklyn borough of New York.Michael Nagle | Bloomberg | Getty ImagesWith a Georgetown University degree and several internships under her belt, Christina Salvadore thought she’d be starting a career in New York City’s fashion or beauty industries around now. The problem: She can’t find a job.The 23-year-old hasn’t been able to land a full-time role despite filling out hundreds of applications and taking dozens of networking calls since graduating in the spring. She’s currently applying to part-time gigs to…

NeoLeo/iStock / Getty Images PlusFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysTech hiring for the next quarter is steady compared to a year ago.AI may be driving much of the continuing demand for tech talent.Those demands might be driving a rise in contract work.The conventional wisdom is that artificial intelligence is gutting our workforce, both technical and non-technical. So far, there is little evidence that the job apocalypse is taking place. If anything, the need for people to build AI systems and to keep them honest is keeping hiring for both full-time tech professionals and contract workers relatively…

(BOE Report)- Led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company spokesperson told Reuters on Thursday. The startup of Train 2, however, is happening as the company continues to experience technical problems at Train 1, according to two people with knowledge of its operations. The train was reported by sources to have technical issues in July, a month after it had started first production. LNG Canada is the first major LNG export facility in Canada, and…

 In your recent TradeTalks interview, you noted that the GENIUS Act is a “game-changer” for the digital asset space, specifically stablecoins. How do you see the use of stablecoins evolving in the short and long term? With the GENIUS Act signed into law, regulatory clarity and federal oversight are expected to drive rapid growth and adoption. In the near term, we will see many stablecoins launched and business models getting shaped to take advantage of the regulatory framework. We expect some early winners to develop and solidify, where market participants will be forced to make choices on which stablecoins to engage with.A range…

Silver has surged past $40, approaching 2011 highs, driven by Fed easing and strong demand. Rising US debt and the ongoing government shutdown heighten caution, supporting precious metals. Technical support around $40 underpins , while resistance near $50 may trigger pullbacks. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. Silver has jumped past $40 an ounce and is now rising faster than it has since 2020. This makes it more likely that it could reach the 2011 record highs, a scenario that seemed possible but unlikely just…

Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant due to economic uncertainty, including jitters about potential layoffs and the government shutdown. Pending U.S. home sales fell roughly 1% from a year earlier during the four weeks ending September 28, the biggest decline in nearly five months. On a local level, pending sales fell in 30 of the 50 largest U.S. metro areas, led by Houston (-15.4% year over year), Denver (-12.3%) and Las Vegas (-11.2%).  There are several reasons would-be homebuyers are backing…