Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon stock is up 24% this year, outperforming the S&P 500. While it may not deliver the astronomical gains seen by early investors, Amazon remains a strong contender for market-beating performance in the future. Here are three compelling reasons why Amazon is still a no-brainer buy: E-commerce is Still Growing Amazon is widely known as the largest e-commerce company in the world, and e-commerce remains its core growth engine. Amazon currently accounts for more than...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese National CPI for September decreased by 0.3% monthly and increased by 2.5% annualized. Forex traders can compare this to the Japanese National CPI for August, which rose 0.5% monthly and 3.0% annualized. The Japanese National Core CPI for September increased by 2.4% annualized. Forex traders can compare this to the Japanese National Core CPI for August, which rose 2.8% annualized. Foreign Buying of Japanese Bonds for the period ending October 12th came in at -¥...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Johnson & Johnson recently kicked off the healthcare sector's quarterly earnings with a mixed report. The pharmaceutical and medical technology giant exceeded Wall Street expectations on both revenue and profit, posting adjusted earnings of $2.42 per share, surpassing analysts’ forecast of $2.21 per share. However, the company adjusted its full-year earnings outlook, lowering it from $10.00-$10.10 per share to a range of $9.86-$9.96 per share. If you're...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Employment Change for September came in at 64.1K, and the Unemployment Rate at 4.1%. Economists predicted a figure of 25.2K and 4.2%. Forex traders can compare this to the Australian Employment Change for August, reported at 42.6K, and the Unemployment Rate reported at 4.1%. The Labor Force Participation Rate for September came in at 67.2%. Economists predicted a reading of 67.1%. Forex traders can compare this to the Labor Force Participation Rate for August,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ethereum, the second-largest cryptocurrency by market cap, has experienced a significant price decline over the past year. This downturn has raised concerns among investors about the factors driving it and the potential for a recovery. Upon closer analysis, the primary cause of Ethereum's recent struggles becomes evident: the rise of Layer-2 (L2) solutions. While these L2 networks have been crucial for scaling Ethereum and improving its efficiency, they have also affected...
