Source: PaxForex Premium Analytics Portal, Fundamental Insight The cryptocurrency market remains under pressure, joining most asset classes and confirming once more that it has a strong correlation to all assets except for gold. Volatility appears to be receding, which is a positive development and points towards more maturity in this sector. Traders must deal with several bearish long-term developments, ranging from economic to political uncertainty, primarily a slowing economy, high inflation, and elections starting to change the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As the race for dominance in artificial intelligence (AI) accelerates, major tech giants with substantial financial resources are increasingly pouring substantial capital into various AI startups in hopes of capitalizing on the next major breakthrough. Amazon exemplified this strategy when it invested a staggering $4 billion in Anthropic, the company responsible for AI assistant Claude. This deal, unveiled in late September, establishes Amazon Web Services (AWS) as Anthropic...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for September came in at 45.3. Forex traders can compare this to the New Zealand Business PMI for August, reported at 46.1. New Zealand Electronic Retail Card Spending for September decreased by 0.8% monthly and expanded by 1.6% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for August, which rose by 0.6% monthly and 4.2% annualized. The Chinese CPI for September rose by 0.2% monthly and was flat at 0.0%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past few years, the technology sector has experienced a relative calm in terms of high-profile mergers and acquisitions. However, in recent months, notable players like Microsoft, Alphabet, and Amazon have injected significant capital into artificial intelligence startups such as OpenAI and Anthropic, drawing substantial attention. While these transactions have been widely publicized, they constitute only a fraction of the substantial appetite of major tech companies....
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Food Prices for September decreased by 0.4% monthly and surged by 8.0% annualized. Forex traders can compare this to New Zealand Food Prices for August, which rose by 0.5% monthly and accelerated by 8.9% annualized. US Initial Jobless Claims for the week of October 7th are predicted at 210K, and US Continuing Claims for the week of September 30th at 1,680K. Forex traders can compare this to US Initial Jobless Claims for the week of September 30th, reported at 207K,...