Source: PaxForex Premium Analytics Portal, Fundamental Insight Anticipation is growing within the cryptocurrency industry regarding the potential approval of a spot exchange-traded fund (ETF) for Ethereum, following in the footsteps of Bitcoin. Several Wall Street investment firms have submitted applications to the Securities and Exchange Commission (SEC), with a potential decision expected by May 23. Enthusiasm among market participants is palpable, and predictions from entities like Standard Chartered Bank suggest that Ethereum could...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore Retail Sales for December decreased by 0.4% monthly and 1.5% annualized. Forex traders can compare this to Singapore Retail Sales for November, which increased by 0.5% monthly and 2.4% annualized. The German Trade Balance for December came in at €22.2B. Economists predicted a figure of €19.0B. Forex traders can compare this to the German Trade Balance for November, reported at €20.7B. Exports for December plunged by 4.6% monthly, and Imports dropped by...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla, the trailblazing electric vehicle, energy, and technology company, stands out in its industry. Not only did it make electric cars mainstream, but it's also characterized by its eccentric CEO, Elon Musk, who adds a unique touch to the company's identity. Tesla even ventured into clothing apparel, subtly mocking skeptics who once doubted its capabilities. One distinctive aspect of Tesla's corporate landscape is its relationship with shareholders. Unlike many...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Home Loans for December plunged 5.6% monthly, and Investment Lending for Homes contracted 1.9% monthly. Forex traders can compare this to Australian Home Loans for November, which rose by 0.3% monthly, and Investment Lending for Homes, which accelerated by 1.9% monthly. The Australian PPI for the fourth quarter increased by 0.9% quarterly and 4.1% annualized. Forex traders can compare this to the Australian PPI for the third quarter, which rose by 1.8% quarterly and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After the release of 3M's full-year 2023 earnings, its stock witnessed a significant decline of approximately 10%. The primary cause for concern stemmed from the company's outlook for 2024, which raised several red flags. However, the overarching issue at play here is the prevailing uncertainty. For investors contemplating whether to buy, sell, or hold 3M, a comprehensive analysis reveals that conservative investors, particularly those who prioritize peace of mind,...