Source: PaxForex Premium Analytics Portal, Fundamental Insight Meta Platforms shares rose more than 25% last month, as per the data provided by S&P Global Market Intelligence. In short, the company took steps during the month to enhance its earnings, and the market appreciated it. In the end, the company's stock fell more than 75 percent from its highs because its ambitions to create a metaverse in the first place led to lower profit margins. The company's stock hit an all-time high in September last year, less than two months...
Source: PaxForex Premium Analytics Portal, Fundamental Insight For more than a month now, the price of gold has been trending upward, having risen by more than 10% since the beginning of November. Naturally, this raises the question of whether a new peak is coming, or whether the precious metal will continue to rise over the next year. The prospect of inflation in early 2023 may cause investors to look for a place to store their wealth. But there are things central banks can do that could disrupt trends. In order to try to suggest whether...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Services Index for November came in at 45.6. Forex traders can compare this to the Australian AiG Services Index for October, reported at 47.7. Australian Building Approvals for October plunged by 6.0% monthly, and Private House Approvals decreased by 2.2% monthly. Economists predicted a drop of 6.0%and 2.2%. Forex traders can compare this to Australian Building Approvals for September, which collapsed by 8.1% monthly, and Private House Approvals by 7.8%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Procter & Gamble shares were up 10.8% last month, according to S&P Global Market Intelligence, as the consumer products titan capitalizes on optimistic projections about its current market position. Because the company is dealing with a wide range of necessities with some of the best-known brands in the market -- from Crest to Pampers -- its stock could be seen as a perfect defensive asset in an uncertain market. For example, billionaire investor Nelson Peltz reported...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Current Account Balance for the third quarter came in at -A$2.3B. Economists predicted a figure of A$10.5B. Forex traders can compare this to the Australian Current Account Balance for the second quarter, reported at A$18.3B. Australian Net Exports of GDP for the third quarter decreased by 0.2% quarterly. Economists predicted a drop of 0.6%. Forex traders can compare this to Australian Net Exports of GDP for the second quarter, which rose 1.7% quarterly. The...
