Global investment bank JPMorgan Chase released a report on Thursday detailing how Donald Trump's recent victory in the US Presidential Election could boost bitcoin and gold investments, in line with the "depreciation trade" approach. The strategy focuses on buying assets such as gold and bitcoin, which tend to hold their value during periods of currency devaluation, which is often driven by inflation or fiscal policy that expands the national debt...
Friday's US non-farm payrolls data will be the biggest test for Citi and JPMorgan Chase, which are betting boldly on a 50 basis point cut in September. Not in more than a year have currency traders been more excited ahead of the US jobs report. On the eve of the crucial non-farm payrolls data, options used to measure the dollar's movements against its main trading partners hit their highest level since March 2023. The risk reversal data showed a pervasive bearish sentiment towards the dollar...
Modeling by Goldman Sachs and JPMorgan shows that the probability of a recession suggested by the market has risen sharply, based on signals from the US bond market and the performance of stocks that are, to a lesser extent, extremely sensitive to the ups and downs of the business cycle. According to Goldman Sachs, equity and bond markets now see a 41 per cent chance of a US recession, up from 29 per cent in April. A similar model by JPMorgan calculates that the probability of a recession has ju...
Trump said that there had never been any discussion or consideration of JPMorgan Chase CEO Dimon or BlackRock CEO Fink as U.S. Treasury secretary.
Trump said that there had never been any discussion or consideration of JPMorgan Chase CEO Dimon or BlackRock CEO Fink as U.S. Treasury secretary.