Source: PaxForex Premium Analytics Portal, Fundamental Insight US Pending Home Sales for February are predicted to drop 2.3% monthly. Forex traders can compare this to US Pending Home Sales for January, which surged 8.1% monthly. US Crude Oil Inventories Change for the week ending March 24th are predicted at 0.092M. Traders can compare this to US Crude Oil Inventories Change for the week ending March 17th, reported at 1.117M. US Gasoline Inventories Change for the week ending March 24th are predicted at -1.617M, and US Distillate Stocks...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chances are that you, like most, think you missed the Alphabet train. The company's stock is up 25 percent from its 52-week low, and the emergence of artificial intelligence ChatGPT represents the first real competitive threat to the company's search engine in years. However, investors may not understand the nature of the company or forget the existing reasons to buy Alphabet stock. Therefore, they should look at Alphabet from a macroeconomic perspective before...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders poured into Bitcoin and Ethereum over the past few weeks amid the regional banking crisis in the US and banking woes in Europe. Contagion fears have eased during the past trading days, but the issues that caused the collapse of the second-biggest and third-biggest bank in US history remain. Market participants should brace for more bank failures, as cryptocurrency traders have their structural problems to worry about, like the failure of Signature Bank and problems with...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Like most companies, Apple's stock has been in constant ups and downs recently. The COVID-19 pandemic triggered a technology boom that saw many stocks skyrocket as consumers were forced to stay home and invested in home offices and entertainment. This period of prosperity led to Apple stock hitting an all-time high of $180.68 on Jan. 3, 2022. Recently, however, macroeconomic problems have slowed consumer spending, causing many technology companies' stocks to fall. Last...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German IFO Business Climate Index for March is predicted at 91.0, the German IFO Current Assessment Index at 94.1, and the German IFO Expectations Index at 88.3. Forex traders can compare this to the German IFO Business Climate Index for February, reported at 91.1, the German IFO Current Assessment Index at 93.9, and the German IFO Expectations Index at 88.5. Eurozone M3 Money Supply for February is predicted to increase by 3.2% annualized. Forex traders can compare this to...