Source: PaxForex Premium Analytics Portal, Fundamental Insight The Bitcoin correction appears to slowly come to an end, at least temporarily, setting the stage for a short-term reversal rally. Trading volumes could decrease as long-term investors are pulling their Bitcoins from cryptocurrency exchanges and placing them into cold storage. CryptoQuant data shows that the past 30 days saw the removal of 29,300 Bitcoins or 1.4% from exchanges, a trend that could continue as long-term investors prepare to ride out the most recent slump....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel, the prominent chip industry leader, has encountered a string of challenges that significantly impacted its stock performance in recent years. Most notably, the company relinquished its manufacturing supremacy to TSMC. Persistent delays and strategic misjudgments, combined with TSMC's consistent advancements, have placed Intel in an unexpected predicament compared to a decade ago. These manufacturing setbacks at Intel provided an opportunity for its competitor,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final German CPI for August rose 0.3% monthly and 6.1% annualized. Economists predicted an increase of 0.3% and 6.1%. Forex traders can compare this to the German CPI for July, which expanded 0.3% monthly and 6.2% annualized. The Final EU Harmonized German CPI for August increased by 0.4% monthly and 6.4% annualized. Economists predicted a rise of 0.4% and 6.4%. Forex traders can compare this to the EU Harmonized German CPI for July, which rose 0.5% monthly and 6.5%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors who made an early move into Meta Platforms this year are reaping substantial rewards. As of the current moment, the stock has surged by an impressive 136% year-to-date. Encouragingly, two consecutive quarters of enhanced performance have sparked optimism among investors that the company may have weathered the worst of its challenges. Yet, for those who missed out on the early opportunity, the question arises: Is it now the right time to reconsider and invest in Meta...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for July came in at A$8,0.39M. Economists predicted a figure of A$10.000M. Forex traders can compare this to the Australian Trade Balance for June, reported at A$10,268M. Exports for July decreased by 2.0% monthly, and imports rose by 3.0%. Forex traders can compare this to exports for June, which contracted by 3.1%, and imports by 3.3%. Final Australian Building Approvals for July plunged by 8.1% monthly and 10.6% annualized. Forex traders can...