Source: PaxForex Premium Analytics Portal, Fundamental Insight Many people know that a correction of more than 20% is nothing new for bitcoin. Throughout history, it has experienced more significant corrections than the current one. Those who have lived long enough to remember other collapses of more than 50% in less than a month can attest that this is just another bump in the road. Since bitcoin's inception, there have been roughly seven corrections that have cut the price in half. After each of these corrections, bitcoin has...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for April came in at NZ$584M monthly and at -NZ$9,120M annualized. Forex traders can compare this to the New Zealand Trade Balance for March, reported at -NZ$581M monthly and -NZ$9,300M annualized. Exports for April came in at NZ$6.31B and Imports at NZ$5.73B. Forex traders can compare this to Exports for March, reported at NZ$4.48B, and Imports at NZ$7.06B. New Zealand Credit Card Spending for April increased 1.1% annualized. Forex traders can...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Employment Change for April came in at 4.0K and the Unemployment Rate at 3.9%. Economists predicted a figure of 30.0K and 3.9%. Forex traders can compare this to the Australian Employment Change for March, reported at 17.9K, and the Unemployment Rate reported at 4.0%. 92.4K Full-Time Positions were created, and 88.4K Part-Time Positions were lost in April. Forex traders can compare this to the addition of 20.0K Full-Time Positions and 0.4K Part-Time Positions...
Source: PaxForex Premium Analytics Portal, Fundamental Insight While stocks crashed in the first quarter of the year, legendary investor Warren Buffett and his Berkshire Hathaway were buying, especially in the financial sector. In Berkshire Hathaway's Form 13F filing, which shows what stocks the conglomerate bought and sold in Q1, the company showed that it bought a stake in the weakened megabank Citigroup. Berkshire bought 55.2 million shares, or about 2.8 percent of Citigroup's outstanding shares, for a total of about $2.95...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past few weeks, companies, specifically, the big tech companies, have been reporting earnings. In 2021, Alphabet posted impressive results quarter after quarter. Whether it was the astounding growth of video platform YouTube or the pace at which its cloud computing segment is catching up with Microsoft and Amazon, investors applauded Alphabet stock, which soared nearly 70% in 2021 compared to the S&P 500's 27% return. Throughout 2022, investors have seen a...
