Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Current Account Balance for the fourth quarter came in at -NZ$9.46B quarterly and -NZ$33.79B annualized, with the Current Account-to-GDP Ratio at -8.9%. Economists predicted a figure of -NZ$7.64B, -NZ$30.90B, and -8.3%. Forex traders can compare this to the New Zealand Current Account Balance for the third quarter, reported at -NZ$11.40B quarterly and -NZ$31.87B annualized, with the Current Account-to-GDP Ratio at -8.5%. The US PPI for February is predicted to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for March was flat at 0.0% monthly at 78.5. Forex traders can compare this to Australian Westpac Consumer Confidence for February, which plunged 6.9% monthly to 78.5. Australian NAB Business Conditions for February came in at 17, and Australian NAB Business Confidence at -4. Economists predicted a reading of 21 and 0. Forex traders can compare this to NAB Business Conditions for March, reported at 18, and Australian NAB Business Confidence...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Although the S&P 500 Index is on the upside so far this year, the market's double-digit drop in 2022 has set the stage for investors to realize bargain-basement opportunities. Large companies such as Home Depot are selling at significant discounts, making it a very lucrative proposition for investors. Home Depot stock is still down about 30% from its all-time high of $406 in December 2021. Does that mean now is a good time to buy stock in this leading retailer? Let'...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After a heavy week of selling, SP500 futures suggest a positive start amid bottom-fishing by long-term value investors who want to add positions using dollar-cost-averaging (DCA) strategies. Comments by US Fed Chief Powell about interest rates likely going higher and remaining there for longer due to higher-than-hoped inflation and rising inflationary pressures spooked markets. The collapse of Silicon Valley Bank, the second-largest bank collapse in US history, added to fears...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It may seem like an eternity since Ethereum hit its all-time high of $4,644.33, but that was only a year and a half ago. Since then, a fierce crypto-winter has hit the industry, and the whole picture has changed dramatically. In the midst of this bear market, Ethereum lost over 75% of its value in an instant. Despite such a sharp pullback, there are many reasons to believe that Ethereum could once again return to its previous historical highs. One of the main reasons experts...