Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon released its first-quarter financial results on April 30th, marking a notable uptick in its performance. The tech behemoth reported a 13% year-over-year increase in revenue, reaching an impressive $143.3 billion. This surpassed market expectations by a substantial $764 million. Additionally, the company's diluted earnings more than tripled to $0.98 per share, surpassing analysts' consensus forecast by $0.15. Following this earnings beat, Amazon's stock...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand ANZ Commodity Price Index for April rose 0.5% monthly. Forex traders can compare this to the New Zealand ANZ Commodity Price Index for March, which decreased 1.3% monthly. The Hong Kong Manufacturing PMI for April came in at 50.6. Forex traders can compare this to the Hong Kong Manufacturing PMI for March, reported at 50.9. The Chinese Caixin Services PMI for April came in at 52.5, and the Chinese Caixin Composite...
Source: PaxForex Premium Analytics Portal, Technical Insight XRP, the digital currency native to the Ripple payment protocol network, soared to its peak of $3.84 on Jan. 4, 2018, marking an astronomical increase of nearly 40,000% within the preceding 12 months. However, its current trading price hovers around $0.50. Similar to numerous smaller altcoins, XRP experienced a decline in interest as rising interest rates cooled down the cryptocurrency market. Additionally, it faced significant challenges from regulatory changes and increased...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for April is predicted to show 238K job additions and an unemployment rate of 3.8%. Forex traders can compare this to the US NFP Report for March, which showed 203K job additions and an unemployment rate of 3.8%. Private Payrolls for April are predicted to show 181K job additions and Manufacturing Payrolls 5K job gains. Forex traders can compare this to Private Payrolls for March, which showed 232K job additions, and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In April, Home Depot, the leading home improvement retailer, saw its stock decline by 12%, as reported by data from S&P Global Market Intelligence. The company has been grappling with challenges stemming from inflationary pressures and a sluggish housing market, with expectations of continued strain throughout 2024. As the largest home improvement chain globally, Home Depot boasts a vast network of over 2,300 stores across the United States, Canada, and Mexico. While its...