Buz Investors Snapchat vs. Facebook Shares of Facebook Inc (NASDAQ:FB) have more than tripled since the company held its initial public offering (IPO) in 2012. An explosion in profits, not to mention a corresponding rise in Facebook user growth, kept the stock on an upward track.

Facebook linked to photo-sharing app released in China

Facebook linked to photo-sharing app released in China

Buz Investors Snapchat vs. Facebook Shares of Facebook Inc <span data-recalc-dims=(NASDAQ:FB) have more than tripled since the company held its initial public offering (IPO) in 2012. An explosion in profits, not to mention a corresponding rise in Facebook user growth, kept the stock on an upward track." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Social-Media-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Social-Media-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

Facebook (FB+0.4%) is reportedly in China (where its apps are blocked) with a photo-sharing app, via roundabout means.

The company approved the debut this spring of an app called Colorful Balloons, released through local company Youge Internet Technology in what would be an unprecedented coup.

The app shares look, function and feel with Facebook’s Moments app, and the executive director of that company was photographed in a meeting between Facebook and China’s government. But Colorful Balloons doesn’t show any hint that it’s affiliated with Facebook.




 

Facebook

The app will give Facebook a rare chance to see how users in China operate and share on social media platforms, knowledge that’s hard to come by for Silicon Valley giants amid ongoing Internet censorship.

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AUDUSD gains bolstered by USD softness

AUDUSD Australian Trade Balance is closely linked to currency

AUDUSD Australian Trade Balance is closely linked to currency

AUD-USD

  • Buz Investors Following Australian Trade Balance The pair is trading at 0.7611 at 09:40 GMT this morning, with the Australian Dollar trading marginally lower against US Dollar from the New York close.
  • Overnight data revealed that Australia’s AIG performance of services index advanced in September. This morning, the pair traded at a high of 0.7644 and a low of 0.7594.
  • TheAustralian Dollar traded 0.63% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7613. The pair is expected to its find support at 0.7579 and its first resistance at 0.7658.

Australian Trade Balance Retail Sales to Increase

AUDUSD Australian Trade Balance is closely linked to currency

Australian Trade Balance measures the difference in the value of imported and exported goods on a monthly basis. An unexpected reading can have a significant impact on the movement of AUD/USD.

In July, the trade deficit narrowed to A$2.41 billion, compared to A$3.20 billion a month earlier. This easily beat the estimate of A$2.65 billion. The deficit is expected to continue to drop, with an estimate of A$2.32

Similar to the previous assessment, the Reserve Bank of Australia maintained the status quo that holding the stance of policy unchanged today would be consistent with sustainable growth in the economy and achieving the inflation target over time. They added that turnover in the housing market has declined and that the rate of gains in house prices is lower than it was a year ago. Commenting on the labor market, the central bank expects continued expansion in employment in the near term.

 Other Stories Buz Traders Share

Since September’s RBA interest rate decision, the markets have been slowly losing momentum in their dovish RBA forecasts. Overnight index swaps no longer foresee the RBA reducing its benchmark lending rate again over the coming 12 months. The outlook has moderated to about a 76 percent chance. With that in mind, the Reserve Bank of Australia likely failed to inspire near-term easing bets today, persisting on the wait-and-see approach.