Source: PaxForex Premium Analytics Portal, Fundamental Insight Alibaba was previously regarded as a promising investment opportunity tied to China's extensive growth prospects. It boasted ownership of Taobao and Tmall, the nation's leading e-commerce platforms, as well as Alibaba Cloud, the largest public cloud infrastructure platform in the country. Additionally, it had a diverse portfolio of retail, digital media, and gaming ventures. However, Alibaba has experienced a significant setback in the past five years, with its stock...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Jobless Claims Change for May came in at -13.6K. Economists predicted a figure of -21.4K. Forex traders can compare this to the UK Jobless Claims Change for April, reported at -23.4K. The UK Employment Change for the tri-monthly period ending in April came in at 250K, and the ILO Unemployment Rate at 3.8%. Economists predicted a reading of 150K and 4.0%. Forex traders can compare this to the UK Employment Change for March, reported at 182K, and the ILO Unemployment Rate...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After the SEC filed a lawsuit against Binance and its CEO Changpeng Zhao, Bitcoin's price plunged to $25,500. This sudden drop has left BTC bulls uncertain about whether the market has reached its lowest point. The decline occurred within just one hour on June 5, as the SEC accused Binance of violating federal securities laws. Despite Bitcoin managing to hold the $25,500 support level, investors are grappling with the potential consequences of this regulatory action,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for May dropped by 1.7% monthly and rose by 3.3% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for April, which increased by 0.4% monthly and 6.4% annualized. The Japanese PPI for May decreased by 0.7% monthly and increased by 5.1% annualized. Economists predicted a contraction of 0.2% and a rise of 5.5%. Forex traders can compare this to the Japanese PPI for April, which accelerated by 0.3...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Despite experiencing a substantial increase in 2023, the cryptocurrency market is still far from its peak valuation of $3 trillion in 2021. Investor enthusiasm for the industry has waned compared to a couple of years ago due to higher interest rates and a less favorable macroeconomic environment, which has diminished the appeal of risky assets. Moreover, recent regulatory measures taken by the Securities and Exchange Commission have further clouded the industry's future...