Source: PaxForex Premium Analytics Portal, Fundamental Insight Cyclical downturns are an inherent part of the competitive landscape in the home improvement industry. When economic growth slows, interest rates rise, or inflation increases, consumers typically cut back on their spending. Conversely, they tend to allocate more of their funds to discretionary home purchases when they feel more optimistic about their personal finances. These economic challenges are currently putting pressure on the sales of Home Depot and its competitors....
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Construction Output Seasonally Adjusted for July decreased by 0.5% monthly and increased by 2.8% annualized. Economists predicted a contraction of 0.5% and an expansion of 2.9%. Forex traders can compare this to UK Construction Output Seasonally Adjusted for June, which increased by 1.6% monthly and 4.6% annualized. The UK GDP for July decreased by 0.5% monthly, rose 0.2% for the three-month-over-three-month period ending in July and was flat at 0.0% annualized. Economists...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In contrast to the broader stock market's recovery from a challenging 2022, Walt Disney shares have experienced a different trajectory in 2023. The stock has been on a continuous decline, hitting a 52-week low on September 7th, which is a disheartening outcome as the company commemorates its centenary in business. The plummet in the entertainment behemoth's share price can be attributed to a myriad of challenges facing Disney this year. Ongoing disputes with cable...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for August rose by 0.7% monthly and 3.7% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for July, which was flat at 0.0% monthly and increased by 2.2% annualized. New Zealand Permanent/Long-Term Migration for July came in at 5,786. Forex traders can compare this to Permanent/Long-Term Migration for June, reported at 8,549. External Migration & Visitors for July surged 59.3% monthly. Forex...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As one of the world's premier businesses, Apple has predictably emerged as one of the most lucrative investment opportunities. Over the past three years alone, the company's stock has surged by an impressive 46%, easily outperforming the 22% gain of the Nasdaq Composite index. Even in the current year, Apple continues to surpass the broader market's performance, yet its market capitalization remains below the illustrious $3 trillion threshold. However, investors...