Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Current Account Balance for the second quarter came in at A$18.3B. Economists predicted a figure of A$20.8B. Forex traders can compare this to the Australian Current Account Balance for the first quarter, reported at A$7.5B. Australian Net Exports of GDP for the second quarter increased 1.7% quarterly. Economists predicted a rise of 0.9%. Forex traders can compare this to Australian Net Exports of GDP for the first quarter, which dropped 1.7% quarterly. The...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The spike in inflation that began months ago hit consumers' wallets and forced the U.S. Federal Reserve to quickly raise interest rates to better balance supply and demand. And more recently, the central bank has signaled that it will do everything it can to get prices under control, which could lead to financial stress for many Americans. As a result of the slowing economy, the housing market has also begun to soften. Could Home Depot, the $295 billion company that serves...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors should never try to time the market. Consistent investment over a long period of time has been proven to provide the safest path to significant returns. But even if that's true, that doesn't mean that investors can't try to maximize their potential opportunities. And right now, bitcoin has plenty of room for growth. The Relative Strength Index (RSI) is a simple metric used to measure the speed and magnitude of recent price changes in an asset to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for August is predicted to show 300K job additions and an unemployment rate of 3.5%. Forex traders can compare this to the US NFP Report for July, which showed 528K job additions and an unemployment rate of 3.5%. Private Payrolls for August are predicted to show 300K job additions and Manufacturing Payrolls 20K job additions. Forex traders can compare this to Private Payrolls for July, which showed 471K job additions, and Manufacturing Payrolls, which showed...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla stock held a stock split last week, and trading adjusted for the split began on August 25th. As of this writing, the stock is trading below $300. But one analyst thinks the stock could soar to $360 over the next 12 months. The price target, reflecting this optimism, represents more than 20 percent upside potential. A key theme of this optimism is Tesla's improved production capacity. In this regard, the Wedbush analyst believes that annual shipments could rise sharply...