Source: PaxForex Premium Analytics Portal, Fundamental Insight You're likely familiar with Johnson & Johnson, a household name thanks to products like Band-Aid bandages and Tylenol that may reside in your medicine cabinet. However, these well-known products, which once defined J&J, are no longer part of the company's core operations. Recently, J&J made a significant move by spinning off its consumer health unit into a new entity known as Kenvue. This strategic decision has reshaped J&J's focus, leaving it with...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Many investors are struggling to identify compelling reasons to invest in Pfizer at this juncture, particularly when assessing the company's stock market performance this year. Pfizer's shares have experienced a discouraging decline of 29% since January, which is quite disheartening, especially in light of the broader market's significant rebound following last year's downturn. Pfizer is grappling with a substantial drop in sales within its coronavirus-related...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Construction Index for August came in at -9.9. Forex traders can compare this to the Australian AiG Construction Index for July, reported at -9.2. The AiG Manufacturing Index for August came in at -19.8, and the AiG Industry Index at -11.6. Forex traders can compare this to the AiG Manufacturing Index for July, reported at -25.6, and the AiG Industry Index at -14.7. The Australian GDP for the second quarter expanded 0.4% quarterly and 2.1% annualized....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for July dropped by 2.7% monthly by 5.0% annualized. Economists predicted a rise of 0.7% and a contraction of 2.5%. Forex traders can compare this to Japanese Household Spending for June, which rose by 0.9% monthly and decreased by 4.2% annualized. The Final Japanese Jibun Bank Services PMI for August was reported at 54.3, and the Final Japanese Jibun Bank Composite PMI at 52.6. Forex traders can compare this to the Japanese Jibun Bank Services PMI...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Roughly one year since it successfully completed The Merge, Ethereum appears to be losing favor among cryptocurrency investors. Despite a strong start to the year, Ethereum has experienced a 10% decline in the past 30 days and a drop of more than 20% from its mid-April peak. Furthermore, some investors are cautioning that Ethereum may continue to slide before rebounding to reach the $2,000 price level. For those considering the strategy of "buying the dip" on Ethereum...