Source: PaxForex Premium Analytics Portal, Fundamental Insight If there's something AT&T's Q4 earnings report showed, it's how few people still use traditional phones. This quarter, the wireless carrier wrote off $24 billion in goodwill costs related to its aging landline phone business, as well as $1.4 billion in asset liquidation costs related to wired circuits, which are no longer needed to support copper and fiber networks. After AT&T narrowed its focus last year by spinning off its entertainment division into...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ripple continues its battle with the SEC in what appears to be a never-ending saga, but two tweets by David Schwartz, the co-creator and CTO of Ripple, cast a shadow on the future of Ripple. He tweeted that “When a scrappy financial startup takes on a web of corruption and betrayal to bring instant payments to the masses, they learn that the cost of disrupting the status quo is higher than they could ever have imagined, forcing them to decide between their vision and their...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The South African PPI for January is predicted to drop by 0.4% monthly and increase by 12.8% annualized. Forex traders can compare this to the South African PPI for December, which came in at 0.0% monthly and surged by 13.5% annualized. US Initial Jobless Claims for the week of February 18th are predicted at 200K, and US Continuing Claims for the week of February 11th at 1,700K. Forex traders can compare this to US Initial Jobless Claims for the week of February 11th,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight You may know Litecoin as "silver" compared to "digital gold" Bitcoin. The price of this modified bitcoin clone was once over $400 per token, but now it has dropped to around $95. Could we be facing a fantastic opportunity to buy LTC coins while the price is low before it starts another steep rise? Let's break it down. Have you heard the hype around Litecoin lately? If not, here are some facts you might want to know. Litecoin became the star of the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for January came in at -NZ$1,954M monthly and at -NZ$15,480M annualized. Economists predicted a figure of -NZ$1,405M and -NZ$14,887M. Forex traders can compare this to the New Zealand Trade Balance for December, reported at -NZ$636M monthly and -NZ$14,630M annualized. Exports for January came in at NZ$5.47B, and Imports at NZ$7.42B. Forex traders can compare this to Exports for December, reported at NZ$6.52B, and Imports at NZ$7.16B. New Zealand...