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Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High
Monday, June 27, 2022 - 5:32pm | 394As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution. What Happened: The Kremlin failed to make payments totaling $100 million in dollars and euros owed to bondholders, missing a 30-day grace period, according to a Monday Wall...
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Bitcoin Hits New All-Time Highs Against Russian Ruble
Tuesday, March 8, 2022 - 8:40am | 305Bitcoin (CRYPTO: BTC) traded below the $39,000 mark as of early Tuesday but continued to touch new all-time highs against the Russian Ruble. What Happened: Bitcoin was trading in the 4.9 million range against the Russian Ruble at press time early Tuesday, after touching new all-time highs of just...
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Could This Be The Turning Point For Roblox Stock As In-Game Currency Outvalues Russian Ruble?
Monday, February 28, 2022 - 1:10pm | 600Roblox Corporation (NYSE: RBLX) gapped up slightly higher on Monday in contrast to the S&P 500, which opened about 1.3% lower. The stock then back-tested a support zone at $48.13 and bounced up from the level as bulls came in to buy the dip. Short interest in Roblox has been increasing,...
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Dennis Gartman Discusses Commodity-Linked Currencies, China's 'Vehemently Pro-Capitalism' Policies
Wednesday, September 9, 2015 - 3:31pm | 394Dennis Gartman publishes a daily publication called "The Gartman Letter" where he offers his latest opinion and analysis. On Wednesday, the investment pro discussed why it should be concerning that commodity-linked currencies are rising. At the time of publication, the Canadian dollar, among...
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3 Contrarian ETF Ideas For 2015
Monday, January 5, 2015 - 3:07pm | 513With the New Year underway, many investors are looking for the bull market in the U.S. stock market to continue. That being said, there is another group of investors looking to buy into the cheap, often shunned sectors within the market. Investors that attempt to zig when the herd is zagging are...
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Why We're Running The Risk Of A '1998-Style' Global Financial Panic
Tuesday, December 16, 2014 - 4:04pm | 444This piece contains the opinions of Marketfy Maven Ron Insana that do not reflect the opinions of Benzinga.com. Russian Rublette Russia's emergency rate hike overnight has done little to stabilize the Russian ruble, which has fallen to another record low against the dollar, despite Russia...
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Did The VIX Have It Right On Thursday?
Friday, January 31, 2014 - 3:46pm | 1178Calm appeared to be restored to the markets on Thursday as the fear of what could happen in the emerging markets (NYSE: EEM) waned and the word "crisis" was barely used. Traders adorned in rose-colored Ray-Ban's suggested that the actions taken as well as those threatened by...
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Wall Street Banks Turn Negative on Emerging Markets
Tuesday, January 7, 2014 - 5:38pm | 486Emerging markets no longer provide some of the world's most compelling investment opportunities. According to several top-tier Wall Street research firms such as Goldman Sachs (NYSE: GS) and JPMorgan (NYSE: JPM), investors should put their money to work elsewhere. Goldman Sachs is forecasting...
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Eastern Europeans On The March: Currencies Of Eastern Europe Are Gaining On USD
Wednesday, April 20, 2011 - 11:35am | 410Most of the currencies of Europe's Eastern frontier share the faith of Europe's most important currency – the Euro. The Euro has so far penetrated into some of the former socialist countries, namely Estonia, Slovakia and Slovenia, while the currencies of Latvia, Lithuania, Bulgaria and the Czech...