Source: PaxForex Premium Analytics Portal, Fundamental Insight The September NFP report released last Friday confirmed that the US Federal Reserve is nowhere near the end of its monetary tightening policy. Comments from Fed members confirmed that their sole focus remains to bring inflation under control, and they communicated more pain for financial markets ahead. The terminal rate, or the one where market participants believe the central bank will stop raising rates, is presently near 4.60%, but some analysts have it at 5.50%. One former...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors have been shunning certain retail stocks lately. The fear is that rising inflation could hit consumers' wallets, resulting in lower sales of basic necessities. This trend has taken a toll on Home Depot stock. The company has not been able to withstand this year's bear market. HD stock has dropped more than the S&P 500 index. They are down 30% compared to a 21% drop for the S&P 500. Can stocks of the world's largest home improvement retailer be...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The long-awaited Merge in Ethereum, the move from proof-of-work to a proof-of-stake, passed and the price of the Ethereum token extended its slide. Enthusiasts hoped the Merge would deliver a powerful rally, especially from depressed levels. The absence of a price action reversal, despite a game-changing event, provided the latest reminder that cryptocurrencies are neither an inflation-hedge nor an inverse-related asset. It also highlighted that cryptocurrencies, led by Bitcoin...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil expects strong results in Q3. The oil giant recently gave investors a preview of those numbers. Although the company's earnings will be down compared to its impressive Q2 results due to the recent drop in oil prices, the company still expects to make huge profits. Exxon's ability to generate strong profits amid falling oil prices is great news for investors. Meanwhile, as the outlook for crude oil becomes rosier after OPEC's recent announcement, oil...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for September is predicted to show 250K job additions and an unemployment rate of 3.7%. Forex traders can compare this to the US NFP Report for August, which showed 315K job additions and an unemployment rate of 3.7%. Private Payrolls for September are predicted to show 265K job additions and Manufacturing Payrolls 19K job additions. Forex traders can compare this to Private Payrolls for August, which showed 308K job additions, and Manufacturing Payrolls, which...