Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese National CPI for August increased 0.4% monthly and 3.0% annualized. Forex traders can compare this to the Japanese National CPI for July, which rose 0.5% monthly and 2.6% annualized. The Japanese National Core CPI for August increased 2.8% annualized. Forex traders can compare this to the Japanese National Core CPI for July, which rose 2.4% annualized. The Chinese 1-Year Loan Prime Rate for September was reported at 3.65%, and the Chinese 5-Year Loan Prime Rate was...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Relatively recently, General Electric seemed to be winning back the favor of investors. At the end of July, the company reported strong earnings, although it lowered its full-year free cash flow forecast. As a result, GE stock surged almost 30% between mid-July and mid-August. However, that momentum didn't last long. Concerns about inflation, rising interest rates, supply chain chaos, and a possible global recession made stock drop 18% in August, wiping out almost all of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin extended its plunge below the 20,000 level and continues to drag the cryptocurrency sector lower. Adding downside pressure on cryptocurrencies is Ethereum after it completed its long-awaited and delayed Merge, with price action racing toward 1,000. The ongoing Bitcoin plunge comes despite news that $10 trillion+ asset manager Fidelity will offer Bitcoin to its clients, suggesting that demand remains absent as the sector continues to bleed capital in the short-term...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla, a pioneer in electric vehicle manufacturing, is exploring the possibility of setting up a lithium hydroxide processing plant for batteries on the Gulf Coast in Texas or Louisiana, according to a late August filing for Texas property tax incentives. Like other electric car makers, Tesla's supply chain depends on lithium - whose price has risen sharply due to limited supply - because it is used to make the lithium-ion batteries that power electric cars. Tesla also uses...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for August came in at 54.9. Forex traders can compare this to the New Zealand Business PMI for July, reported at 53.5. New Zealand RBNZ Offshore Holdings for August were reported at 53.6%. Forex traders can compare this to New Zealand RBNZ Offshore Holdings for July, reported at 53.7%. Chinese Retail Sales for August rose 5.4% annualized. Economists predicted an increase of 3.5% annualized. Forex traders can compare this to Chinese Retail Sales for...