Source: PaxForex Premium Analytics Portal, Fundamental Insight The price of Ether, the cryptocurrency of the Ethereum blockchain service, hit an all-time high of more than $4,800 last November. At the time, BOOX Research predicted that the price of Ether could continue to rise to $7,500 by the end of 2022. Unfortunately, rising interest rates and other macroeconomic factors subsequently caused a hasty retreat from risky assets such as cryptocurrencies, and Ether now trades at less than $1,400. Ether remains the second most valuable...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand CPI for the second quarter rose 1.7% quarterly and 7.3% annualized. Economists predicted an increase of 1.5% and 7.1%. Forex traders can compare this to the New Zealand CPI for the first quarter, which expanded 1.8% quarterly and 6.9% annualized. New Zealand RBNZ Offshore Holdings for June came in at 53.7%. Forex traders can compare this to New Zealand RBNZ Offshore Holdings for May, reported at 53.4%. Singapore Non-Oil Exports for June increased 3.7% monthly...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Retail Sales for June are predicted to increase 0.8% monthly and Core Retail Sales by 0.6% monthly. Forex traders can compare this to US Retail Sales for May, which decreased 0.3% monthly, and Core Retail Sales, which rose 0.5% monthly. Retail Sales in the Control Group for June are predicted to rise 0.3% monthly. Forex traders can compare this to Retail Sales in the Control Group for May, which came in flat at 0.0% monthly. The US Import Price Index for June is predicted...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Crude oil prices have declined significantly in recent weeks. Over the past month, oil has dropped more than 20 percent, falling below $100 a barrel. That's even further from the $130 a barrel peak it reached after Russia invaded Ukraine. However, Chevron CEO Michael Wirth believes that oil prices can recover quickly. In a recent interview with CNBC, he said that "the supply shortage hasn't gone anywhere." As such, he believes that "the risks are still...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Consumer Inflation Expectations for July increased 6.3% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for June, which rose 6.7% annualized. The Australian Employment Change for June came in at 88.4K and the Unemployment Rate at 3.5%. Economists predicted a figure of 30.0K and 3.8%. Forex traders can compare this to the Australian Employment Change for May, reported at 60.6K, and the Unemployment Rate reported at 3.9%. 52.9K...