Source: PaxForex Premium Analytics Portal, Fundamental Insight The final US Michigan Consumer Sentiment for November came in at 60.4. Forex traders can compare this to US Michigan Consumer Confidence for October, reported at 63.8. The final Current Conditions for November came in at 65.7, and Final Expectations at 56.9. Forex traders can compare this to Current Conditions for October, reported at 70.6, and Expectations at 59.3. Final US Michigan Inflation Expectations for November came in at 4.4%, and Final US Michigan 5-Year Inflation...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Following a disappointing 2022, Bitcoin has been staging an impressive comeback in 2023, with its price surging by 115% as of November 10th. Nevertheless, this leading cryptocurrency still lags behind its all-time high by 47%. Given the recent strong momentum in Bitcoin's performance, investors are now likely setting their sights on a new milestone – the possibility of Bitcoin reaching $100,000, representing a potential return of approximately 170% from its current...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK GDP for September increased by 0.2% monthly, was flat at 0.0% for the three-month-over-three-month period ending in September, and rose by 0.6% annualized. Economists predicted a flat reading of 0.0%, a decrease of 0.1%, and an expansion of 0.5%. Forex traders can compare this to the UK GDP for August, which rose by 0.1%, accelerated by 0.3% for the three-month-over-three-month period ending in August, and increased by 0.6% annualized. UK Business Investment for the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Whether you're currently a Home Depot shareholder or contemplating an investment, it's prudent to reassess the rationale behind buying, holding, or selling shares, especially in an industry heavyweight with significant market fluctuations. In the case of Home Depot, the largest home improvement retailer, the stock has tested investor patience this year, experiencing a 6.7% decline while the S&P 500 surged by 14%. This divergence prompts a critical examination of the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Initial Jobless Claims for the week of November 4th are predicted at 218K, and US Continuing Claims for the week of October 28th at 1,820K. Forex traders can compare this to US Initial Jobless Claims for the week of October 28th, reported at 217K, and US Continuing Claims for the week of October 21st at 1,818K. The US IBD/TIPP Economic Optimism Index for November is predicted at 40.2. Forex traders can compare this to the US IBD/TIPP Economic Optimism Index for October,...