Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary German CPI for January is predicted to increase by 0.8% monthly and by 8.9% annualized. Forex traders can compare this to the German CPI for December, which dropped by 0.8% monthly and surged by 8.6% annualized. The EU Harmonized German CPI for January is predicted to rise by 1.2% monthly and by 10.0% annualized. Forex traders can compare this to the EU Harmonized German CPI for December, which contracted by 1.2% monthly and accelerated by 9.6% annualized....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon stock has fallen more than 30% over the past 12 months. Shares of the international online commerce platform briefly rebounded in 2023 and then lost significantly after weaker-than-analysts-expected earnings. Nonetheless, Amazon's long-term thesis remains strong, and now could be a great time to buy the stock during the downturn. There are several reasons for this. Macroeconomic conditions may improve soon Although it is too early to tell if the Nasdaq bear...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin began 2023 with a nearly 50% rally from its intra-day low to its intra-day peak. While perma-bulls have their sights on fresh all-time highs, following the pattern from previous volatility cycles and extreme losses, it could be different this time. Fundamental developments have supported the massive advance in price action, and a recent analysis highlighted that Bitcoin remains the preferred cryptocurrency asset among professional traders. Open interest Bitcoin...
Source: PaxForex Premium Analytics Portal, Fundamental Insight One of the most popular stocks today is undoubtedly Tesla. Some will tell you that it is simply an overvalued automaker, while others will claim that it is a technology company that makes cars. In reality, it is a mixture of both, but investors must determine which option carries more weight. In 2022, the stock fell 65%, which gave the company's detractors exactly the result they expected. Since the beginning of 2023, however, they are already up 35%, further spurring Tesla...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for December decreased by 2.1% monthly and 1.3% annualized. Economists predicted an increase of 0.3% and a contraction of 0.2%. Forex traders can compare this to Japanese Household Spending for November, which dropped by 0.9% monthly and 2.1% annualized. Japanese Average Cash Earnings for December surged by 4.8% annualized and Japanese Overtime Pay by 3.0% annualized. Forex traders can compare this to Japanese Average Cash Earnings for November,...