Source: PaxForex Premium Analytics Portal, Fundamental Insight The Bank of England is predicted to hike interest rates by 50 basis points to 4.00%. Forex traders can compare this to the previous Bank of England meeting, where the UK central bank raised interest rates by 50 basis points to 3.50%. Central bank watchers expect seven MPC members to vote for the hike, two to vote for no increase, and zero to vote for an interest rate cut, matching the last meeting’s voting composition. Expectations call for the global cost of living crisis...
Source: PaxForex Premium Analytics Portal, Fundamental Insight McDonald's stock performed well in 2022, overcoming market declines thanks to strong demand in the fast-food industry. The chain enjoyed strong customer traffic in most markets and was largely able to pass on rising costs to higher menu prices. Currency exchange rates have certainly affected revenues, but the company's huge scale has helped it outpace competitors such as Chipotle. The coming year, however, will bring other challenges. Some of these will become clear...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Spanish S&P Global Services PMI for January is predicted at 48.0. Forex traders can compare this to the Spanish S&P Global Services PMI for December, reported at 46.4. The Italian S&P Global Services PMI for January is predicted at 49.6. Forex traders can compare this to the Italian S&P Global Services PMI for December, reported at 48.5. The Final French Manufacturing PMI for January is predicted at 50.8. Forex traders can compare this to the French...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After plunging more than 19% last year, the S&P 500 Index is off to a good start in 2023. But Johnson & Johnson is doing just the opposite: the health care giant's stock is up 3% in 2022, but so far this year has been down. Even the better-than-expected outlook for the new year in J&J's Q4 update failed to make investors happy. Today, however, Johnson & Johnson stock stands a good chance of recovering from a poor start to 2023. Below, we'll look at a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Private Sector Credit for December increased by 0.3% monthly and 8.3% annualized. Forex traders can compare this to Australian Private Sector Credit for November, which rose 0.5% monthly and 8.9% annualized. Australian Housing Credit for December increased by 0.3% monthly. Forex traders can compare this to Australian Housing Credit for November, which expanded by 0.4% monthly. Australian Retail Sales for December plunged 3.9% monthly. Economists predicted a decrease...