Source: PaxForex Premium Analytics Portal, Fundamental Insight Alibaba has taken steps that could revive the IPO of its Ant Group holding company. A previous attempt to float the company was priced at a huge sum. Although the IPO was postponed, Alibaba still owns a significant stake in this valuable company. And here's what's happening now. Ant Group operates a digital payment app called Alipay. The company was founded by Jack Ma, who also founded Alibaba. Alipay's 1.3 billion users make transactions on Alibaba's e-commerce...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Financial markets attempt to hold on to bullishness among conflicting signals for the global economy. The bear market completed its first phase, and a bear market rally has many market participants believing that the June lows across asset classes signaled the beginning of a new bull run. Friday’s blowout US NFP report reassured perma-bulls that their idol, the US Federal Reserve, will raise interest rates and engineer a soft landing. The cryptocurrency market came...
Source: PaxForex Premium Analytics Portal, Fundamental Insight All eyes were on Amazon last week as the e-commerce giant released its earnings for Q2 of 2022. After surging for several quarters during the pandemic, things have now deteriorated. The retail division is the same story as other retailers: rising costs and lower expenses are slowing revenue growth and reducing profits. At the same time, other segments, such as weather-resistant Amazon Web Services (AWS), still have momentum. Amazon is a huge company with many moving parts. How...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for July is predicted to show 250K job additions and an unemployment rate of 3.6%. Forex traders can compare this to the US NFP Report for June, which showed 372K job additions and an unemployment rate of 3.6%. Private Payrolls for July are predicted to show 230K job additions and Manufacturing Payrolls 17K job additions. Forex traders can compare this to Private Payrolls for June, which showed 381K job additions, and Manufacturing Payrolls, which showed 29K...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Initial Jobless Claims for the week of July 30th are predicted at 259K, and US Continuing Claims for the week of July 23rd are predicted at 1,370K. Forex traders can compare this to US Initial Jobless Claims for the week of July 23rd, reported at 256K, and to US Continuing Claims for the week of July 16th, at 1,359K. The US Trade Balance for June is predicted at -$80.10B. Forex traders can compare this to the US Trade Balance for May, reported at -$85.60B. US Natural Gas...