Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrency stands as a thrilling frontier, still in its nascent stages. Bitcoin, introduced in 2009, and the broader crypto landscape have only gained prominence in the last decade. Timing proves crucial in the cryptocurrency realm. Just two years ago, Bitcoin soared above $60,000. Back then, envisioning its ascent to $100,000 might have seemed like a journey to the moon. Fast forward to today, and the narrative has shifted. Bitcoin has experienced a substantial decline...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Reserve Bank of New Zealand kept interest rates unchanged at 5.50%. Economists predicted no change in interest rates. Forex traders can compare this to the Reserve Bank of New Zealand’s previous interest rate announcement, where rates were unchanged at 5.50%. The Advanced US GDP for the third quarter is predicted to increase 4.9% quarterly. Forex traders can compare this to the second quarter GDP, which rose 2.1% quarterly. Real Consumer Spending is predicted to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple, renowned for its sleek devices and robust ecosystem, often takes a backseat in discussions about artificial intelligence (AI), overshadowed by the initiatives of tech giants like Microsoft and Alphabet. However, dismissing Apple as a significant player in the AI space might be a mistake, considering the potential it holds with its ongoing development in this field. Here's a closer examination of why investors should not underestimate Apple's capability to emerge...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for December came in at -27.8. Economists predicted a figure of -27.9. Forex traders can compare this to the German GfK Consumer Confidence Survey for November, reported at -28.1. French Consumer Confidence for November is predicted at 84. Forex traders can compare this to French Consumer Confidence for October, reported at 84. Eurozone M3 Money Supply for October is predicted to decrease by 0.9% annualized. Forex traders can compare...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The preceding year has proven to be lucrative for Intel investors, witnessing a substantial 46% surge in the chipmaker's shares on the stock market. Notably, the stock experienced a 34% increase following the release of the company's third-quarter results on Oct. 26. Intel's robust financial performance, surpassing Wall Street's expectations in both revenue and earnings, along with optimistic guidance, fueled this surge. Examining the driving forces behind Intel...