Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for March increased by 0.7% monthly and surged by 15.5% annualized. Economists predicted a rise of 1.5% and 9.5%. Forex traders can compare this to New Zealand Electronic Retail Card Spending for February, which decreased by 0.1% monthly and accelerated by 11.7% annualized. The US CPI for March is predicted to increase by 0.2% monthly and by 5.2% annualized. Forex traders can compare this to the US CPI for February, which rose by 0.4...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft shares gained more than 15% last month, according to S&P Global Market Intelligence. Investors reacted positively to news related to the company's anticipated acquisition of gaming industry leader Activision Blizzard. Shares also surged on the back of momentum in the technology sector, which was driven by a shift in economic expectations. March was a relatively quiet news month for Microsoft, which had released quarterly financial reports the previous month....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for April surged 9.4% monthly at 85.8. Forex traders can compare this to Australian Westpac Consumer Confidence for March, which was flat at 0.0% monthly at 78.5. Australian NAB Business Conditions for March came in at 16, and Australian NAB Business Confidence at -1. Economists predicted a reading of 16 and -2. Forex traders can compare this to NAB Business Conditions for February, reported at 17, and Australian NAB Business Confidence at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel's recent 25% surge in stock price can be attributed to positive analyst comments and a rally in technology stocks. This marks a significant turnaround from the company's dismal start to the year. Bernstein analyst Stacy Rasgon upgraded Intel from a "sell" to a "hold" rating, indicating limited downside potential as the company is expected to achieve Wall Street's reduced earnings forecast. Rasgon believes that Intel's fundamentals have...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Optimism about a favorable outcome in the SEC lawsuit against Ripple has pushed its native XRP/USD token to 2023 highs before retreating. One potential twist in the case came from an SEC expert, who confirmed that since mid-2018, price fluctuations in Bitcoin and Ethereum were responsible for up to 90% of price action in the XRP/USD. It suggests that Ripple allows the price of Bitcoin and Ethereum to dictate XRP/USD, which does not make it a security, as the SEC lawsuit claims,...