Source: PaxForex Premium Analytics Portal, Fundamental Insight To say that last year was a tough one for the cryptocurrency industry would be an understatement, as the entire market lost about 64% of its value in 2022. The situation for Ethereum was not much different, and the popular digital asset fell 68% over the year. Now, investors are wondering if the situation will change for the better this year. Based on Ethereum's recent price target of around $1,265, a $2,500 price target suggests roughly 100 percent growth for the world...
Source: PaxForex Premium Analytics Portal, Fundamental Insight German Industrial Production for November is predicted to increase by 0.1% monthly. Forex traders can compare this to German Industrial Production for October, which decreased by 0.1% monthly. The French Trade Balance for November is predicted at -€11.30B. Forex traders can compare this to the French Trade Balance for October, reported at -€12.20B. The Italian Unemployment Rate for November is predicted at 7.8%. Forex traders can compare this to the Italian...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors are sincerely hoping that 2023 will go better than 2022, and after a first day of weak results earlier in the week, it looks like Wall Street may finally be contributing. Futures contracts on major indices rose two-thirds of a percent in morning trading, reflecting the ongoing tug-of-war between optimism and fear. One of those companies that can scare a lot of shareholders is General Electric. The stock price of this conglomerate was much lower than it was on Tuesday...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for December is predicted to show 200K job additions and an unemployment rate of 3.7%. Forex traders can compare this to the US NFP Report for November, which showed 263K job additions and an unemployment rate of 3.7%. Private Payrolls for December are predicted to show 180K job additions, and Manufacturing Payrolls 10K job additions. Forex traders can compare this to Private Payrolls for November, which showed 221K job additions, and Manufacturing Payrolls,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight 2022 was a very difficult year for Walt Disney Company investors. The media giant's stock is down 46% in 2022. Can the House of Mouse catch up in 2023? The first major change by analysts on Disney this year may not seem very comforting at first glance. Tim Nollen of Macquarie is lowering his price target on the stock from $120 to $110. The near-term target continues to move in the wrong direction, but it's worth noting that the stock has been closing in double digits...