Source: PaxForex Premium Analytics Portal, Fundamental Insight More high-income consumers are now shopping at Walmart, a sign of the growing pressure that rising interest rates, continued high inflation and higher gasoline prices are putting on the economy. The retail giant recently reported its Q4 earnings, and while they showed that Walmart remains financially sound, this could portend an impending market downturn. Since there is a significant weakness in the economy, this report could be a serious harbinger of an impending downturn....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK GDP for January increased by 0.3% monthly, came in flat at 0.0% for the three-month-over-three-month period ending in January, and was flat at 0.0% annualized. Economists predicted an increase of 0.1%, 0.0%, and a decrease of 0.1%. Forex traders can compare this to the UK GDP for December, which decreased by 0.5%, was flat at 0.0% for the three-month-over-three-month period ending in December, and contracted by 0.1% annualized. UK Construction Output Seasonally Adjusted...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Since Apple was founded nearly half a century ago, in 1976, it has made truly incredible strides. It has the highest market value in the world at $2.43 trillion, even after surviving a difficult 2022, when its stock price fell 27 percent, along with a broader sell-off in many other tech companies. Since the beginning of this year, Apple stock has grown more than 20% while tech stocks slowly make a comeback on Wall Street. Nevertheless, the company's price-to-earnings (P/E)...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for February was flat at 0.0% monthly and surged by 11.7% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for January, which rose by 2.6% monthly and 2.7% annualized. Foreign Buying of Japanese Bonds for the period ending March 4th came in at -¥168.6B, and Foreigners Buying of Japanese Stocks at -¥595.4B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period...
Source: PaxForex Premium Analytics Portal, Fundamental Insight So, are we getting ready for the return of cryptocurrencies? If you are positive about blockchain-based tokens in general, consider buying the "progenitor" of cryptocurrencies, bitcoin. After all, cryptocurrencies are volatile enough as it is, so investors can somewhat reduce their volatility by buying an expensive token, which tends to move more slowly than low-cost cryptocurrencies such as Ripple and Cardano. On the other hand, a five-figure token like bitcoin is...