Snap CFO resigning, company says it will come in near top end of guidance for Q4
Snap chief financial officer Tim Stone is resigning to pursue other opportunities, the company said in a new filing Tuesday that sent the stock tumbling more than 8 percent after hours. Stone’s reign lasted less than a year: he joined...
Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution
Federal Reserve Chairman Jerome Powell should be paying close attention to the stock market for clues on whether signs of an economic slowdown warrant a pause in central bank interest rate hikes, economist Ed Lazear told CNBC on Tuesday. “Given...
Gold Subdued, US Inflation Data Disappoints
Gold is almost unchanged in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1291.18, down 0.02% on the day. In economic news, inflation indicators missed their estimates. PPI declined by 0.2%, missing...
Japanese Yen Edges Lower, Markets Eye Kuroda Speech at G-20
USD/JPY has edged higher in the Tuesday session, recovering most of the losses seen on Monday. In the North American session, the pair is trading at 108.47, up 0.29% on the day. In economic news, Japanese Preliminary Machine Tool Orders...
AUD/USD Outlook: Directionless Mode Between 55/100SMA’s and Daily Cloud Base
The Australian dollar eased on Tuesday, pressured by reduced risk appetite but remains within narrow range that extends into third day. Recovery rally from spike low at 0.6706, posted after 3 Jan flash crash, faces strong headwinds from daily cloud...
Forex Market Size: A Traders Advantage
Forex Market Size Talking Points: The forex market is the largest and most liquid market in the world The US dollar makes up the majority of forex transactions The forex market’s deep liquidity is advantageous to traders by allowing them...
Euro Weighed Down by Germany Slowdown Worries, Sterling Pares Gain ahead of Brexit Vote
European majors are trading notably lower today. Euro is weighed down by concerns over slowdown in Germany, which might already had a technical recession in Q3 and Q4 already. Sterling also pares back some gains again traders turn cautious, ahead...
The White House thinks the shutdown will be twice as bad for the economy as expected
The Trump administration now estimates that the cost of the government shutdown will be twice as steep as originally forecast. The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been...
Treasury yields lower as China slowdown fears wane; traders await key Brexit vote
U.S. government debt prices were higher on Tuesday, amid hopes that China would introduce more measures to support its weakening economy. The yield on the benchmark 10-year Treasury note slipped to 2.688 percent, while the yield on the 30-year Treasury...
Cryptocurrencies Jump After Last Week’s Sharp Decline
In the first week of the year, the prices of cryptocurrencies jumped as traders started betting on their revival. The rally led to the price of Bitcoin and Ethereum reaching highs of $4225 and $156, respectively. Then, last week, the...
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