Argentine Assets Rebound After Milei Strikes More Moderate Tone

Economic

Summary:

Argentina’s dollar bonds and currency are recovering from a week-long rout after President Javier Milei struck a more conciliatory tone during the introduction of next year’s budget, raising hopes he can gain support ahead of midterm elections next month.

Sovereign notes rose across the curve, with the 2035 maturities gaining more than a cent to trade above 54 cents on the dollar, according to indicative pricing data compiled by Bloomberg. Meanwhile, the currency snapped a six-day losing streak and edged away from the weaker limit of its trading band.

Milei told lawmakers he would increase spending on health-care, education and pensions in 2026, while sticking to his policy of a fiscal surplus. He also held out an olive branch to provincial governors, whose support would help him perform better in the Oct. 26 vote. The libertarian president needs to gain seats in Congress to keep his plan to overhaul the economy on track.

“Milei’s address marked a first step toward moderation, aimed at building consensus with governors and preventing further erosion of support among swing voters hit by weak economic activity and fiscal austerity,” Juan Sola, an analyst at Banctrust & Co. said in a report to investors Tuesday.

Milei’s speech provided a respite for the country’s assets that had posted heavy losses following the government’s worst-than-expected defeat in a local election in the province of Buenos Aires on Sept. 7. The sovereign bonds hit their lowest in almost a year, while the currency threatened to breach its trading band.

This “move toward the center” in Milei’s speech could help unify support against Peronist opposition, while reinforcing credibility, said Trevor Yates, Senior Investment Analyst at Global X ETFs. “This more balanced strategy leaves us cautiously optimistic heading into the mid-terms as Milei could gain support from a broader coalition,” he said.

Still, with economic growth stalling following a spike in interest rates and the peso threatening to weaken and revive inflation, it is far from plain sailing for Milei.

“Expanding some expenditures with potentially less revenue than projected is a difficult combination, and this is before we have clarity on the midterms,” said Brendan McKenna, an emerging markets economist and FX strategist at Wells Fargo. “Even though prices are a bit more attractive now, the downside can still be large” if Milei’s party underwhelm again in October.

Amid the political turmoil, the government has been stepping up efforts to keep the peso within its trading band, which was set up as part of a $20 billion deal with the International Monetary Fund. The central bank has expanded sales of dollar futures contracts in the local market, while the securities commission on Friday moved to limit dollar demand from brokers by reinterpreting an existing rule.

This week, Argentina’s local exchange BYMA authorized the central bank to sell up to $6 billion in dollar futures, according to people with direct knowledge of the matter. The decision was communicated to market participants via email.

Although BYMA is the country’s main stock exchange, most of the futures trading takes place in the A3 market, which focuses on derivatives, fixed income, FX, and commodities. The central bank currently has an open interest limit of $9 billion in the A3 market, where it already holds about $6 billion in positions.

Source: Bloomberg

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

James Whitman

Economic

Political

U.S. Treasury Secretary Scott Bessent has said President Donald Trump's suggestion of companies reporting on a semiannual basis would be good news for investors.

Trump proposed scrapping quarterly earnings reports in a Truth Social post on Monday, saying it would allow company executives to focus on long-term goals rather than fixate on short-term metrics.

"President Trump realizes that whether it's the U.K., [or] it is the U.S., our public markets are atrophying, and this might be one way to bring back and cut costs for public companies without harming investors," Bessent told CNBC in London Tuesday.

It comes as many companies choose to remain privately held, rather than list publicly, partly due to increased scrutiny and compliance costs each quarter. The number of publicly listed companies in the U.S. has fallen from more than 7,000 in 1996 to less than 4,000 in 2020.

Trump also suggested that scrapping quarterly reports would bring the U.S. in line with many foreign jurisdictions that already follow a semiannual reporting regime.

"Did you ever hear the statement that, 'China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!'" Trump said.

Whilst companies listed in China report every quarter, stocks on the Hong Kong exchange are subject to reporting every six months.

In the U.K. and European Union, companies also report semiannually, but can issue quarterly reports if they choose.

However, some investors have previously warned that quarterly earnings reports help protect their interests by making companies' finances more transparent and regular.

The Council of Institutional Investors (CII), a group that represents pension funds invested in stocks, has suggested that a lack of quarterly reporting may not "sufficiently" protect investors.

Foreign companies listed in the United States under the foreign private issuer scheme, like Arm and Spotify, are also exempt from having to report quarterly, but some voluntarily report quarterly.

CII has said that many of the exemptions foreign companies enjoy in the U.S. currently may "undercut" effective corporate governance.

Could it make the U.S. more attractive?

European exchanges have seen a number of high-profile companies leaving their home markets to list in the U.S. over the past decade, attracted by the higher valuation levels achieved by their American peers, along with some regulatory benefits.

A move away from quarterly reporting could make the U.S. market even more attractive to European companies as it would lower compliance costs for those considering the move.

"I don't think that this is a game-changing development if it were to be implemented, but it will definitely come into the mix of considerations for a company thinking about if and how they want to list in the U.S," said Mike Bienenfeld, a lawyer specializing in SEC compliance at law firm Linklaters.

When asked whether the move would make the U.S. an even more attractive destination for European companies, the Treasury Secretary said: "It's tough being popular."

Source: CNBC

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Damon

Economic

US President Donald Trump signaled he was open to some concessions to the UK on trade to help ease implementation of their tariff deal ahead of a trip to the country.

“They want to see if they can refine the trade deal a little bit,” Trump told reporters Tuesday at the White House as he prepared to leave for London for a second state visit. “We’ve made a deal, and it’s a great deal, and I’m into helping them.”

Britain was the first country to strike a trade deal with the US that saw it avoid some of the higher tariffs that Trump has levied on other trading partners, but the initial agreement was short on many key details, leaving those to further negotiations. And even after Trump and British Prime Minister Keir Starmer in June signed a document that that saw the US agree to lower tariffs on some British exports, the UK pushed for additional relief, in particular on steel tariffs — a key sticking point.

The US is currently applying a 25% tariff to UK steel and aluminum exports to the US, down from the 50% level Trump has hit other economies, with London eager to lower that rate further.

US officials briefing reporters about the trip earlier this week on the condition of anonymity declined to say if they expected progress on the metals tariffs, while indicating they were unlikely to see an announcement on a push by Starmer to lower levies on Scotch whisky.

“Our country is doing very well. We’ve never done this well. We’re making we’re having trillions of dollars coming because of the tariffs, and they’d like to see if they could get a little bit better deal,” Trump said Tuesday.

In addition to the discussions on trade, Trump during his state visit is also expected to announce more than $10 billion in new economic deals.

The visit will include a science and technology partnership that is expected to include billions of dollars in new investment, according to the officials, who previewed the trip on the condition of anonymity. The president and prime minister will attend a business roundtable on Thursday that will feature many top US tech leaders, including Nvidia Corp.’s Jensen Huang and OpenAI Inc.’s Sam Altman.

Source: Bloomberg Europe

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Samantha Luan

Economic

Cryptocurrency

Forex

Cardano and Dogecoin couldn’t be more different, yet both remain central to discussions about which altcoins could dominate future cycles. Cardano, with its reputation for careful development and academic rigor, represents the world of utility-driven blockchains. Dogecoin, born as a meme, thrives on culture, community, and unexpected staying power.As the crypto market prepares for the next big rotation, investors are asking: which of these coins is better positioned for 2026? Some analysts point to Cardano’s ecosystem upgrades, while others highlight Dogecoin’s enduring appeal in meme-driven markets. Yet beneath this debate, a third option is emerging, one that combines meme culture with audits from biggest companies in the sector: MAGACOIN FINANCE.

Cardano: Utility and Patience

Cardano (ADA) has always marched to its own rhythm. While Ethereum and Solana pushed forward aggressively with new features, Cardano’s approach has been methodical. Built on peer-reviewed research, its roadmap has unfolded carefully, sometimes frustrating investors seeking quick returns. Yet this patience has also been Cardano’s strength.In 2026, Cardano’s prospects revolve around Voltaire, its governance era that promises full decentralization of decision-making. Through treasury mechanisms, community voting, and on-chain governance, Cardano aims to become a truly self-sustaining ecosystem. Analysts argue that this level of decentralization could make Cardano more resilient long-term, even if it doesn’t produce the kind of explosive short-term gains meme coins generate.

With institutional interest in blockchain governance growing, ADA may carve out a niche as the blockchain for long-term utility and credible adoption. But the challenge remains: will slow and steady be enough in a market addicted to hype?

Dogecoin: The Meme That Won’t Die

Dogecoin (DOGE) is living proof that memes can outlast expectations. Born as a joke in 2013, Dogecoin leveraged humor, simplicity, and an enthusiastic community to outlive many so-called “serious” projects. Even without smart contracts or DeFi, it continues to hold a top market cap position, a testament to culture’s power in crypto.Its staying power is reinforced by endorsements from high-profile figures like Elon Musk, who frequently reignites Dogecoin’s visibility. Every cycle, DOGE seems to defy skeptics, producing spectacular rallies. For 2026, analysts suggest its success will depend largely on whether it can maintain cultural dominance against a new wave of meme tokens.

Dogecoin’s strength lies in familiarity: it’s the meme coin everyone knows. But that same familiarity may also limit upside. With so many new meme projects promising higher multiples, DOGE may remain a cultural staple but struggle to deliver the kind of returns it once did.

Security Meets High Reward

Then there’s MAGACOIN FINANCE, the rising presale that is turning heads for combining meme appeal with structural legitimacy. MAGACOIN FINANCE is one of the few presales to pass both CertiK and HashEx audits, earning recognition as a project that puts security first. Investors say this is the kind of foundation missing in most meme coins.At the same time, its market cycle analysis shows 13,500% ROI potential, putting MAGACOIN FINANCE in a class of its own for this bull run. Unlike typical presales that rely solely on hype, MAGACOIN has built its story on scarcity and credibility. Every funding round has sold out faster than the last, with both whales and retail investors competing for allocations.

It’s this rare combination, meme-driven branding plus structural trust, that makes MAGACOIN FINANCE stand out. While Cardano offers patient utility and Dogecoin offers cultural nostalgia, MAGACOIN FINANCE is pitching itself as the bridge: hype that lasts because it is built on secure foundations.

How They Compare

Looking ahead to 2026, Cardano анд Dogecoin each represent a different kind of opportunity:

● Dual audits complete: CertiK and HashEx validation give MAGACOIN FINANCE a credibility edge over most meme projects.

● Cardano: A long-term governance play with slow but steady growth potential. It could appeal to institutions and patient investors who value decentralization and utility.

● Dogecoin: The cultural stalwart of meme coins. While its upside may be capped compared to newer projects, it will likely continue to thrive on visibility and community loyalty.

For investors, the choice comes down to strategy. Do you prioritize steady, utility-driven progress? Do you stick with a cultural icon? Or do you chase the presale that could multiply many times over?

Why MAGACOIN FINANCE Stands Out

● 13,500% ROI potential: Market cycle forecasts put it among the highest-upside plays of 2025–2026.

● Scarcity model: Presale rounds sell out rapidly, proving demand far outpaces supply.

● Cultural traction: Meme branding ensures mass appeal, while credibility anchors investor confidence.

This is why analysts call MAGACOIN FINANCE a “dual-threat token”, capable of attracting meme traders chasing multiples while reassuring cautious investors who want real safeguards in place.

Conclusion

The debate between Cardano and Dogecoin reflects the larger divide in crypto: utility versus culture. Cardano’s governance and utility upgrades could cement it as a serious blockchain contender in 2026. Dogecoin’s community and cultural cachet mean it will likely never disappear, even if it delivers smaller multiples than before.

Source: CryptoSlate

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Blue River

Technical Analysis

Gold rose to new record highs in late Monday / early Tuesday trading, as bulls regained traction after a narrow consolidation in past four days.

Fresh weakness of US dollar ahead of Wednesday’s Fed rate decision, in which the central bank is widely expected to cut rate by 25 basis points (there is also a small chance for possible 50 basis points rate cut) provided fresh boost to the yellow metal’s price, in addition to deepening political crisis in the US and some EU countries, as well as signals of worsening geopolitical situation.

With rate cut being almost fully priced in, markets await to hear about Fed’s guidance for the near future, with growing hopes that the central bank will remain in a dovish mode that would provide further support for gold.

Psychological $3700 level is under increased pressure, with break here to expose next target at 3734 (Fibo 138.2% projection).

Bulls so far don’t react on overbought daily studies, but some consolidation / shallow correction should be expected in the near term, if current fundamentals remain unchanged.

Res: 3700; 3734; 3750; 3789Sup: 3674; 3624; 3600; 3577

Source: ACTIONFOREX

Risk Warnings and Disclaimers

Add to Favorites

Adam

Commodity

Gold and silver prices are higher in early U.S. trading Tuesday, with gold hitting another record high and silver scoring another 14-year high. Ideas of an easier monetary policy from the Federal Reserve in the coming months are boosting the two precious metals. December gold was last up $14.40 at $3,733.60. December silver prices were up $0.323 at $43.28.

The Federal Reserve’s Open Market Committee (FOMC) meeting begins this morning and ends Wednesday afternoon with a statement and press conference from Fed Chairman Jerome Powell. The FOMC is widely expected to deliver a 25-basis point interest rate cut, which would be the first since November of 2024. The decision comes amid criticism the Fed has been slow to react to weakening U.S. economic data. Updated Fed projections on Wednesday may show slower U.S. growth and rising unemployment, while Fed Chair Jerome Powell is set to face sharp questioning on Fed monetary policy at his post-meeting press conference Wednesday afternoon.

Global stocks were mixed overnight. U.S. stock indexes are pointed to slightly higher openings and at record highs when the New York day session begins.

In overnight news, there are signs of progress in the U.S.-China trade talks held in Madrid, Spain. President Trump and Chinese President Xi Jinping are set to speak Friday to finalize some terms, with discussions also covering the divestment of Chinese-owned TikTok. U.S. Treasury Secretary Scott Bessent said the commercial terms for the TikTok deal had already been settled. Better U.S.-China trade relations likely mean better economic growth for both nations, and that’s bullish for gold and silver from a demand perspective.

The U.S. and India are stepping up talks to resolve their trade tensions, with two separate teams of officials meeting in New Delhi this week, according to a Bloomberg report. The Indian team began talks Tuesday morning with the visiting U.S. trade delegation led by Brendan Lynch, assistant trade representative for South and Central Asia, a person familiar with the matter said in New Delhi, asking not to be identified as the discussions are private. The meeting between the trade teams is expected to decide the future course of India-U.S. negotiations, India’s chief negotiator Rajesh Agrawal said on Monday. The two sides are seeking to resolve their differences after the U.S. slapped India with a 50% tariff last month — the highest in Asia — to penalize the country for its trade barriers and Russian oil purchases.

The key outside markets today see the U.S. dollar index lower and hit a seven-week low, while crude oil prices are firmer and trading around $63.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently 4.04%.

A busy U.S. economic data slate due for release Tuesday includes the weekly Johnson Redbook retail sales report, retail sales, import and export prices, industrial production and capacity utilization, the NAHB housing market index, manufacturing and trade inventories.

Gold price hits record high as FOMC on deck_1

Technically, December gold futures bulls have the strong overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $3,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $3,600.00. First resistance is seen at $3,750.00 and then at $3,775.00. First support is seen at the overnight low of $3,711.80 and then at $3,700.00. Wyckoff's Market Rating: 9.0.

Gold price hits record high as FOMC on deck_2

December silver futures bulls have the strong overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $45.00. The next downside price objective for the bears is closing prices below solid support at $41.00. First resistance is seen at $43.50 and then at $44.00. Next support is seen at this week’s low of $42.47 and then at $42.00. Wyckoff's Market Rating: 9.0.

Source: kitco

Risk Warnings and Disclaimers

Add to Favorites

Warren Takunda

Economic

Senate Republicans voted on Monday to confirm a senior Trump official to the Federal Reserve’s board of governors as the White House raced to strengthen the US president’s control over the central bank ahead of its latest meeting.

Hours before Fed policymakers convene for their September decision on interest rates, the Senate voted 48 to 47 to confirm Stephen Miran – already chair of Donald Trump’s council of economic advisers – as a governor.

The vote concluded just as a US appeals court declined the Trump administration’s request to fire Lisa Cook, a governor appointed by Joe Biden, before the two-day policy meeting begins on Tuesday. The ruling from the US court of appeals for the District of Columbia Circuit means that Cook may remain in her position during the policy meeting where the Fed is expected to cut interest rates.

Miran’s appointment marks the first time in the history of the modern Federal Reserve, which stretches back almost a century, that a sitting member of the executive branch would also work at the highest levels of the central bank.

Trump has made no secret of his plans to influence the Fed, calling into question the future of its longstanding independence from political oversight by publicly describing plans to swiftly build “a majority” on its board.

He has repeatedly broken with precedent – presidents typically allow the Fed to operate without interference – to demand interest rate cuts, and attack senior Fed officials, including its chair Jerome Powell, when they repeatedly defied these calls.

While Powell has signaled the Fed is gearing up to resume rate cuts, Trump has already made clear he is unlikely to be satisfied by its cautious approach. Concerning economic signs, including data indicating that the labor market has stalled while inflation picked up, have reinforced expectations that many policymakers will want to tread carefully.

The administration has played down these official reports – and fired one of the officials responding for overseeing them. Trump’s proposed replacement is an ardent supporter of his agenda, who has been accused of misrepresenting and exaggerating statistics.

While Miran described the Fed’s independence as “critical” during a confirmation hearing earlier this month, and pledged to preserve it as governor, his decision to only take unpaid leave from his current job at the White House, rather than resign, raised questions over his ability to operate independently.

The administration has also been pushing to remove Cook for the Fed’s board as soon as possible, despite her legal action over Trump’s bid to dismiss her. The president has cited unconfirmed allegations of mortgage fraud. US district judge Jia Cobb also ruled on 9 September that Trump’s unfounded claims of mortgage fraud were not enough to terminate Cook under existing law. Congress created provisions to shield the Fed from political interference including that the president could only fire a governor “for cause”. The law does not define what would qualify as cause for termination.

Cook has denied wrongdoing, and argued Trump has no authority to fire her. Her term is not due to expire until 2038. A respected economist, with stints at Harvard University and Stanford University, she is the first Black woman to sit on the Fed’s board of governors. In August, Cook sued the Fed and Trump alleging the president chose to fire her for her stance on monetary policy.

Early on Monday, Trump reiterated his call for lower rates. Powell “MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND”, the US president wrote on his Truth Social platform, claiming: “HOUSING WILL SOAR!!!”

The latest Fed decision will be announced on Wednesday.