Source: PaxForex Premium Analytics Portal, Fundamental Insight After a robust performance in 2023, with Apple shares surging 48%, the stock has entered a period of consolidation in the early months of 2024, showing a decline of over 3% year to date. This prompts the question: is this a favorable moment to acquire shares in the renowned iPhone maker, or does the stock's downturn reflect justified concerns? To assess the attractiveness of Apple shares at present, let's examine both the pessimistic and optimistic perspectives for this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for December contracted 2.0% monthly and 0.6% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for November, which increased by 1.7% monthly and 2.1% annualized. The UK CPI for December rose 0.4% monthly and 4.0% annualized. Economists predicted an increase of 0.2% and 3.8%. Forex traders can compare this to the UK CPI for November, which decreased by 0.2% monthly and expanded by 3.9%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ethereum often doesn't receive the attention it deserves in the cryptocurrency landscape. This has been especially evident in the past week, where discussions around Ethereum have been overshadowed by the significant development in the overall crypto market – the eagerly awaited approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC). While this key catalyst initially sparked considerable interest in Bitcoin, attention has shifted, resulting in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Jobless Claims Change for December came in at 11.7K. Economists predicted a figure of 18.1K. Forex traders can compare this to the UK Jobless Claims Change for November, reported at 0.6K. The UK Employment Change for the tri-monthly period ending in November came in at 73K, and the ILO Unemployment Rate at 4.2%. Economists predicted a reading of 50K and 4.3%. Forex traders can compare this to the UK Employment Change for October, reported at 55K, and the ILO Unemployment...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last year witnessed Tesla once again solidifying its status as a favorite among investors, with a remarkable 102% surge in its stock value, outpacing the broader Nasdaq Composite. As we turn our attention to 2024, the question on investors' minds is whether it's too late to acquire Tesla shares, given its extraordinary 2,280% return over the past decade. The electric vehicle (EV) giant's appeal as a buy is under scrutiny, particularly in the face of higher interest...