Source: PaxForex Premium Analytics Portal, Fundamental Insight Following an impressive surge at the beginning of 2023, Bitcoin's momentum is being tempered by ongoing macroeconomic uncertainties and other factors. On August 16th, Bitcoin experienced a significant decline, losing over 10% at one point. This marked the conclusion of an unusually prolonged period of historically low volatility. The cycles of growth and decline that Bitcoin is known for have resulted in this recent sell-off, which isn't entirely unexpected. However...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Swiss KOF Leading Indicator for August is predicted at 91.5. Forex traders can compare this to the Swiss KOF Leading Indicator for July, reported at 92.2. The Swiss Economic Sentiment Index for August is predicted at -31.3. Forex traders can compare this to the Swiss Economic Sentiment Index for July, reported at -32.6. The US ADP Employment Change for August is predicted at 195K. Forex traders can compare this to the US ADP Employment Change for July, reported at 324K....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet Inc. has decisively outperformed expectations in its most recent financial report for Q2 2023, concluding on June 30. The company posted impressive figures, with a revenue of $74.6 billion, marking a 7% increase compared to the previous year, and a remarkable diluted earnings per share of $1.44, reflecting a substantial 19% rise. This robust underlying performance has been a driving force behind the notable 47% surge in the stock's value this year. Looking forward...
The Final Mexican GDP for the second quarter is predicted to rise by 1.0% quarterly and 3.7% annualized. Forex traders can compare this to the Mexican GDP for the first quarter, which increased by 1.0% quarterly and 3.7% annualized. The Mexican Economic Activity Index for June is predicted to increase by 0.5% monthly and 4.1% annualized. Forex traders can compare this to the Mexican Economic Activity Index for May, which came in flat at 0.0% monthly and rose by 4.3% annualized. The US House Price Index for June is predicted to increase by...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon has achieved remarkable success since its inception in 1994. Back in May 1997, its initial public offering (IPO) price stood at $0.075 (adjusted for subsequent stock splits). Over time, its value surged by an astounding 178,900%, greatly outperforming the S&P 500's approximately 750% total return. Nonetheless, it's crucial to understand that this historical performance doesn't necessarily guarantee future outcomes. The investing maxim "Past success...