Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for November came in at A$13,201M. Economists predicted a figure of A$10.500M. Forex traders can compare this to the Australian Trade Balance for October, reported at A$12,217M. Exports for November decreased by 0.4% monthly, and imports by 1.5%. Forex traders can compare this to exports for October, which dropped by 1.2%, and imports by 2.0%. The Chinese PPI for December decreased by 0.7% annualized, and the Chinese CPI increased by 1.8% annualized...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The stock market saw a significant drop in 2022, and many companies suffered losses when faced with macroeconomic factors. Even with its huge market share in many industries, Amazon has not escaped this fate, with its stock down almost 50% over the past year. The stock's collapse in 2022 has many potential investors wondering if now is a good time to buy, as shares of some of the world's most expensive companies start the new year with another decline. However,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US economic data remains mixed but generally points to an economic slowdown. The World Bank slashed its global growth forecast for 2023, led by its prediction for the US economy. Its previous report called for an expansion of 2.4%, while its latest analysis lowered it to just 0.5%. Given the ongoing slowdown, the World Bank report could prove optimistic, as more economists anticipate a steep US recession. Market participants underestimate the severity of an extension of the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors are still optimistic about the more positive market and economic conditions in 2023. However, the reality is that the circumstances that led to a bear market in 2022 haven't really changed much and may stay with us for some time. But some stocks, such as Bank of America Corp. actually ended the year on a high note, relatively speaking. According to S&P Global Market Intelligence, Bank of America stock is up 6.39% in the second half of 2022. Can the bank...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US IBD/TIPP Economic Optimism Index for January is predicted at 41.7. Forex traders can compare this to the US IBD/TIPP Economic Optimism Index for December, reported at 42.9. US Wholesale Inventories for November are predicted to increase by 1.0% monthly and Wholesale Trade Sales by 0.5% monthly. Forex traders can compare this to US Wholesale Inventories for October, which rose by 1.0% monthly, and US Wholesale Trade Sales, which expanded by 0.4% monthly. Financial...