Source: PaxForex Premium Analytics Portal, Fundamental Insight Tech stocks experienced a robust surge in 2023, exemplified by the Nasdaq-100 Technology Sector index's impressive 67% gain over the past 12 months. Wall Street's enthusiasm for burgeoning markets such as artificial intelligence (AI) and cloud computing has contributed to this bullish trend, foreseeing substantial growth potential in the years ahead. Alphabet, wielding vast financial resources and commanding multiple sectors of the tech landscape, stands out as a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Spanish Unemployment Change for December is predicted at -15.7K. Forex traders can compare this to the Spanish Unemployment Change for November, reported at -24.6K. The German Unemployment Change for December is predicted at 20.0K, and the German Unemployment Rate at 5.9%. Forex traders can compare this to the German Unemployment Change for November, reported at 22.0K, and the German Unemployment Rate, reported at 5.9%. The US ISM Manufacturing Index for December is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The year 2023 proved forgettable for Walt Disney investors as the leading entertainment stock managed only a 4% gain, falling significantly short of the market's 24% ascent. Looking ahead to 2024, Disney aims to set the right tone in January, with new content on Disney+, changes to its theme park strategy, and potential stock-moving events. Here's a closer look at key developments for Disney shareholders in the upcoming month. January 9 As part of its turnaround...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Australian Judo Bank Manufacturing PMI for December came in at 47.6. Economists predicted a figure of 47.8. Forex traders can compare this to the Australian Judo Bank Manufacturing PMI for November, reported at 47.7. Australian Commodity Prices for December plunged 10.7% annualized. Forex traders can compare this to Australian Commodity Prices for November, which dropped 12.8%. The Chinese Caixin Manufacturing PMI for December came in at 50.8. Economists predicted a...
Source: PaxForex Premium Analytics Portal, Technical Insight In 2023, the Ripple cryptocurrency experienced a tumultuous journey. Commencing the year at $0.35 per token, the primary coin of the international payment system surged to a peak of $0.82, only to retreat to $0.62. These volatile fluctuations overshadowed the relatively subdued performance of the S&P 500 and Nasdaq Composite indices, which, despite historic gains, appeared less dynamic in comparison. For digital asset investors anticipating the thawing of the latest crypto...