Source: PaxForex Premium Analytics Portal, Fundamental Insight Encouraging news favoring a positive outcome in the legal battle between the SEC and Ripple resulted in a massive price spike in the XRP/USD on July 13th, more than doubling the price during the day. While the initial enthusiasm faded, and price action corrected by roughly a third, the outlook for Ripple remains bullish. The legal victory over the SEC that is likely to result in an SEC appeal partially removed the most significant obstacle to the upside of this token. The...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With a 32% increase in the Nasdaq Composite index for the year 2023 (as of August 9th), it's evident that investor sentiment is becoming optimistic once again, especially after the substantial double-digit losses experienced in the previous year. However, certain stocks, such as Tesla, have outperformed the broader market significantly. The shares of this electric vehicle (EV) manufacturer have surged by an impressive 100% during this year alone, propelling its market...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Warren Buffett embarked on a journey initially driven by seeking substantial value, only to later pivot towards embracing quality companies at reasonable prices. This transformation, underscored by the Oracle of Omaha's exceptional long-term performance, stands as a testament to his strategic acumen. This perspective holds relevance as one gazes upon Procter & Gamble, the consumer-staples behemoth. Here's why it's worth contemplating an investment, yet exercising...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Preliminary GDP for June is predicted to rise 0.2% monthly. Forex traders can compare this to the UK GDP for May, which contracted 0.1% monthly. The UK Preliminary GDP for the second quarter is predicted flat, at 0.0% quarterly, and to rise by 2.0% annualized. Forex traders can compare this to the first quarter GDP, which rose 0.1% quarterly and 0.2% annualized. UK Total Business Investment for the second quarter is predicted to expand by 0.8% quarterly and 8.1%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Foreign Buying of Japanese Bonds for the period ending August 5th came in at ¥438.8B, and Foreigners Buying of Japanese Stocks at -¥59.4B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period ending July 29th, reported at ¥211.7B, and Foreigners Buying of Japanese Stocks at ¥195.7B. The Japanese PPI for July increased by 0.1% monthly and 3.6% annualized. Economists predicted a rise of 0.2% and 3.5%. Forex traders can compare this to...