Glenn Stevens

After President Donald Trump delayed the tariffs on automobile companies that comply with USMCA rules last week, the tariffs on carmakers were inevitable due to the high magnitude of imports, explained CNBC’s Jim Cramer in an X post. What Happened: The Trump administration provided a one-...

Gain Capital Holdings Inc (NYSE: GCAP), a provider of trading technology and execution services to both retail and institutional clients, announced an expansion of its cryptocurrency offerings Thursday.  What Happened Gain Capital will now allow customers to trade Ethereum, Litecoin,...

Gain Capital Holdings Inc (NYSE: GCAP), a small-cap global leader in online trading, said Monday it will start offering clients the ability to trade bitcoin in select markets. What You Need To Know Gain Capital launched a bitcoin trading platform in Australia and Singapore on the Company's...

Gain Capital Holdings Inc (NYSE: GCAP) is the newest way for traders to play the bitcoin craze. The stock spiked more than 15 percent on Friday after management revealed the company would be launching bitcoin trading. According to the company earnings call, Gain plans on launching bitcoin trading...

The central banks of global commodity exporters are caught between a rock and a hard place. Canada is one of the world's foremost producers of oil and natural gas, and South Africa ships precious metals, diamonds and ore to markets across the map. Both have been hit by a downswing in commodity...

The Australian dollar fell to its lowest levels since August 30 on Friday, following comments from RBA Governor Glenn Stevens. AUD/USD appears set to close its eighth-straight week of declines Friday, the longest weekly losing streak since 1985. The Aussie weakened after the Australian...

On Wednesday, the Australian Dollar traded at its lowest levels against the US Dollar since September 4 after five consecutive days of losses. The sell-off in the Australian Dollar comes in the wake of rising speculation over central bank intervention to weaken the Australian currency....

The Canadian dollar fell to a four-month low on Friday, ahead of the nation's CPI and Retail Sales reports. Earlier in the week the Canadian currency had been under pressure against its U.S. counterpart, as positive economic data and speculation over tighter monetary policy underpinned the...

The Australian dollar fell to its lowest levels in over two months on Thursday, as a variety of fundamental data pressured the currency. Fed Minutes The minutes the Federal Reserve’s latest meeting released yesterday suggested that a tapering of $85 billion in monthly bond purchases could...

The Reserve Bank of Australia (RBA) overnight cut its benchmark interest rate from 2.75 percent to 2.5 percent. The cut brings the rate to another record low as the RBA struggles to prop up the economy despite the drop in the resource sector due to a slowing China. Pick-Up Next Year "Recent...

Futures Higher After Asia Turnaround U.S. equity futures rose slightly in early pre-market trade as Asian shares reversed losses from Monday and rose overnight. Market now look to earnings and the flood of economic data that begins today and continues through the rest of the week for direction....

Futures Higher On Strong Chinese Services Data U.S. equity futures rallied in early pre-market trade following stronger than expected data on China's services sector. The official Non-Manufacturing PMI in China rose to 55.6 in March from 54.5 in February and the HSBC China Non-Manufacturing PMI...

Futures Rise on Cyprus Deal U.S. equity futures rose in early pre-market trade as Cyprus and the Troika of creditors reached an agreement to bail out the nation with $13 billion in exchange for drastically reducing the size of its banking sector and freezing deposits greater than 100 thousand...

U.S. equity futures were flat in pre-market trading for the third straight day despite stronger than expected industrial production data from China, a proxy for growth. The National Bureau of Statistics in China reported that industrial production grew at an annualized rate of 9.6 percent, better...

U.S. equity futures rose slightly in early Friday trading as IMF Chief Christine Lagarde warned that the global financial system is just as weak as it was before Lehman Brothers failed in 2008. Speaking at the IMF conference in Tokyo, Lagarde also warned that central banks of industrialized nations...