Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders will start the new trading week with no market-moving economic data, placing the focus on earnings seasons, while geopolitical developments add reasons for medium-term concerns. US earnings season has been good for major US banks, as higher interest rates have boosted income and revenues, offsetting slowdowns elsewhere. Other companies offered mixed results and outlooks, offering bulls and bears ammunition to push and pull equity markets in either direction. For example...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It's undeniably impressive how Ethereum has evolved as an investment. At the time of writing, its price has surged by over 52,000% since its public launch in July 2015. However, this remarkable journey hasn't been without its share of turbulence. Ethereum presently stands at a price 68% below its all-time high, a peak reached in November 2021. The question arises: Is it a prudent move to invest in this leading cryptocurrency while it's trading below $2,000? Let'...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for September came in at -NZ$2,329M monthly and at -NZ$15,330M annualized. Forex traders can compare this to the New Zealand Trade Balance for August, reported at -NZ$2,273M monthly and -NZ$15,520M annualized. Exports for September came in at NZ$4.87B and Imports at NZ$7.20B. Forex traders can compare this to Exports for August, reported at NZ$4.97B, and Imports at NZ$7.24B. New Zealand Credit Card Spending for September rose 3.3% annualized. Forex...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The past year has brought significant changes for Johnson & Johnson. In August, the company underwent a major transformation by spinning off its consumer health division, giving rise to a new entity named Kenvue. This separation, which resulted in Kenvue taking charge of products like Listerine, Q-tips, and Tylenol, has raised concerns among investors. Many have wondered whether Johnson & Johnson, renowned for its consistent dividend increases, might halt this trend....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian NAB Business Confidence for the fourth quarter came in at -1. Forex traders can compare this to Australian NAB Business Confidence for the third quarter, reported at -4. Total Australian Reserve Assets for September came in at A$93,200M. Forex traders can compare this to Total Australian Reserve Assets for August, reported at A$93,900M. The Australian Employment Change for September came in at 6.7K, and the Unemployment Rate at 3.6%. Economists predicted a figure of...