Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore Industrial Production for May decreased by 16.5% monthly and by 7.4% annualized. Economists predicted a decrease of 6.0% and an increase of 6.6%. Forex traders can compare this to Singapore Industrial Production for April, which decreased by 0.5% monthly, and which increased by 13.6% annualized. US Personal Income for May is predicted to decrease by 6.0% monthly, and Personal Spending is predicted to increase by 9.0% monthly. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of aluminum giant Alcoa (NYSE: AA) fell 10.7% in early trading on Wednesday and, although they rose slightly, ended the day with a decline of still large 8.7%. And on the day when the entire S&P 500 fell by 2.6%, mainly due to concerns about the coronavirus, it is not surprising that Alcoa was on the sidelines. Surprisingly, it happened on the day of good news for Alcoa. Trump's administration has threatened to revise 10% tariffs on aluminum exports from Canada...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese All Industry Activity Index for April decreased by 6.4% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for Mach, which decreased by 3.4% monthly. US Preliminary Durable Goods Orders for May are predicted to increase by 10.9% monthly, and Durables Excluding Transportation are predicted to increase by 2.5% monthly. Forex traders can compare this to US Durable Goods Orders for April, which decreased by 17.2% monthly, and to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple's (AAPL) stock surged to record levels yesterday after the company authoritatively stated Monday it would start assembling Macs with its own chips. The move is part of a broader driver by Apple to stop using third-party parts. On Monday, the first day of the World Development Conference, Tim Cook said they would phase out a 15-year partnership with Intel (INTC) for their MacBooks and Mac desktops within the next several years. Custom AAPL silicon chips will help...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Reserve Bank of New Zealand kept interest rates unchanged at 0.25%. Economists predicted no change in interest rates. Forex traders can compare this to Reserve Bank of New Zealand's previous interest rate announcement were rates were left unchanged at 0.25%. The French Business Survey for June was reported at 77. Economists predicted a level of 80. Forex traders can compare this to the French Business Survey for May, reported at 71. The German IFO Business Climate Index...