Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin's bears are advancing with renewed vigor. The digital currency is trading around $16,900, but fears of further complications from the FTX crash, recession, inflation, and geopolitical risks in China could push the rate down to $15,000. Understandably, even the staunchest investors who buy bitcoin on the decline are now worried. Now $16,900 is a significant pullback from the previous support level of $20,000 that bitcoin maintained over the summer. So far, so good...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Construction Index for November came in at 48.2. Forex traders can compare this to the Australian AiG Construction Index for October, reported at 43.3. The Final Australian S&P Global Services PMI for November came in at 47.6, and the Final Australian S&P Global Composite PMI at 48.0. Forex traders can compare this to the Australian S&P Global Services PMI for October, reported at 49.3, and the Final Australian S&P Global Composite PMI at 49.8...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The technology-focused Nasdaq Composite includes hundreds of corporations, but few are as visible as those commonly named FAANG. This group includes several large companies, including Facebook's parent company, Meta Platforms, Apple, Amazon, Netflix, and Google's parent company, Alphabet. Even given their prominence, these companies have not got away from the recent sell-off. The worst performing of these companies this year was Meta Platforms. Certainly, this social...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German Trade Balance for October came in at €6.9B. Economists predicted a figure of €5.2B. Forex traders can compare this to German Trade Balance for September, reported at €2.8B. Exports for October decreased by 0.6% monthly, and Imports dropped by 3.7% monthly. Economists predicted a contraction of 0.3% and 0.4%. Forex traders can compare this to Exports for September, which decreased 0.7% monthly, and Imports which dropped 2.2% monthly. The German Import...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Dividends are an attractive factor for buying stock. After all, it's nice to get paid just for owning something. When looking at stocks with high dividend yields, there are often three sectors: utilities, real estate investment trusts (REITs), and telecommunications. These companies usually have very stable cash flows, allowing them to pay above-average dividends to shareholders. Among the telecom companies is Verizon Communications, the second-largest service provider...
