Source: PaxForex Premium Analytics Portal, Fundamental Insight After the NADAQ100 experienced a correction of nearly 10%, bears have the upper hand, but traders should expect volatility to increase. US Federal Reserve Chief Powell tried to walk a fine line with his remarks last week during the Jackson Hole Symposium, but he noted that rates could move higher. Core inflation is the primary concern, and some indicators confirm that prices began moving higher. Housing is of particular concern, but global developments concerning food supplies...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot, renowned as the world's largest retailer for home improvement, has become a familiar name for both investors and homeowners. While its recent earnings surpassed expectations, a drop in sales raises queries among investors about whether the reported figures indicate instability, latent resilience, or a strategic entry point. Diving deeper than mere figures, let's delve into Home Depot's performance over recent quarters and its continuous trajectory,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final German GDP for the second quarter came in flat at 0.0% quarterly and decreased by 0.2% annualized. Economists predicted a flat reading of 0.0% and a drop of 0.2% annualized. Forex traders can compare this to the first quarter German GDP, which contracted by 0.1% quarterly and 0.2% annualized. The Spanish PPI for July is predicted to plunge by 10.1% annualized. Forex traders can compare this to the Spanish PPI for June, which contracted by 8.1% annualized. The German...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Walt Disney remains a relative underperformer in the market, with its stock showing a decline in 2023. This stands in stark contrast to the overall market trend which has experienced positive momentum this year. However, it's important not to be overly discouraged by Disney's stock performance graph. The company's operational performance is proving to be more resilient than pessimists might believe. Several factors exist that could potentially steer Disney's...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Initial Jobless Claims for the week of August 19th are predicted at 240K, and US Continuing Claims for the week of August 12th at 1,708K. Forex traders can compare this to US Initial Jobless Claims for the week of August 12th, reported at 239K, and US Continuing Claims for the week of August 5th at 1,716K. US Preliminary Durable Goods Orders for July are predicted to plunge by 4.0% monthly, and Durables Excluding Transportation to increase by 0.2% monthly. Forex traders can...