Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for July came in at -NZ$1,107M monthly and at -NZ$15,810M annualized. Forex traders can compare this to the New Zealand Trade Balance for June, reported at -NZ$111M monthly and -NZ$16,110M annualized. Exports for July came in at NZ$5.45B and Imports at NZ$6.56B. Forex traders can compare this to Exports for June, reported at NZ$6.18B, and Imports at NZ$6.29B. New Zealand Credit Card Spending for July rose 3.6% annualized. Economists predicted a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last Thursday, Cisco Systems experienced a 3% increase in its stock value subsequent to the release of its most recent earnings report. In the fourth quarter of fiscal 2023, concluding on July 29, the company witnessed a 16% year-over-year revenue growth, reaching $15.2 billion, which surpassed analysts' projections by $150 million. Moreover, its adjusted earnings per share (EPS) saw a significant rise of 37% to $1.14, surpassing the consensus forecast by $0.08. Although...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Yesterday’s sudden Bitcoin plunge dragged the entire cryptocurrency sector down. It followed a Wall Street Journal report that SpaceX marked down its Bitcoin holdings in 2021 and 2022 by $373 by selling its cryptocurrency holdings. The retail sector overreacted and dumped holdings, but investors must realize that SpaceX has quietly done so over the past two years and not yesterday. The sharp selling was due to a temporary confidence loss that one of the biggest supporters...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Dividends serve as an excellent avenue for generating supplementary income beyond your primary employment, particularly during retirement. Countless individuals rely on these periodic payouts to manage their expenses or to indulge in life's little luxuries. The realm of high-yield stocks, exemplified by Verizon Wireless, is a contested domain among income-focused investors. This stock garners significant attention and elicits strong opinions from many. However, when it...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Following an extended period of discouraging conditions in the realm of cryptocurrency, there has been a gradual resurgence in prices witnessed throughout the current year. As of 2023, Ethereum has managed to secure an increase of approximately 53%. Despite this, it remains diminished by almost 62% in comparison to its record peak observed in the latter part of 2021. For those who have been awaiting an auspicious moment to enter the investment arena, the present juncture might...