Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for June came in at A$5,589M. Economists predicted a figure of A$5.080M. Forex traders can compare this to the Australian Trade Balance for May, reported at A$5,052M. Exports for June rose by 1.7% monthly, and imports increased by 0.5% monthly. Forex traders can compare this to exports for May, which grew by 1.3% monthly, and imports, which increased by 3.3% monthly. The Australian Import Price Index for the second quarter increased 1.0% quarterly,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Hydrogen holds vast potential as a low-carbon fuel, addressing climate change while fulfilling increasing global energy demands. Deloitte estimates that the green hydrogen market could grow to $1.4 trillion by 2050, with the overall low-carbon market for molecules possibly reaching $6 trillion by then. ExxonMobil aims to seize this significant market opportunity. The energy giant is developing the world's largest low-carbon hydrogen project, part of its strategy to meet the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand NBNZ Own Activity for July rose by 16.3%, and ANZ Business Confidence was 27.1. Forex traders can compare this to the New Zealand NBNZ Own Activity for June, which grew by 12.2%, and to ANZ Business Confidence, reported at 6.1. The Chinese Non-Manufacturing PMI for July came in at 50.2, and the Chinese Manufacturing PMI at 49.4. Economists predicted a figure of 50.3 and 49.4. Forex traders can compare this to the Chinese Non-Manufacturing PMI for June, reported...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alibaba Group Holding has faced a challenging period in recent years, with its stock plummeting 76% from its peak in late 2020, a decline that has persisted as it nears the multi-year low set in late 2022. Investors remain wary, deterred by ongoing concerns. Yet, seasoned investors understand that stock ownership should be driven by the potential of a company's future rather than its past performance. Could Alibaba be on the verge of overcoming its current obstacles? While...
Source: PaxForex Premium Analytics Portal, Fundamental Insight French Consumer Spending for June decreased by 0.5% monthly. Economists predicted a contraction of 0.2%. Forex traders can compare this to French Consumer Spending for May, which rose 0.8% monthly. The Preliminary French GDP for the second quarter rose 0.3% quarterly and 1.1% annualized. Forex traders can compare this to the first quarter GDP, which increased 0.3% quarterly and 1.5% annualized. The Preliminary Spanish CPI for July is predicted to increase by 3.0% annualized,...