Source: PaxForex Premium Analytics Portal, Fundamental Insight After US financial markets managed a positive holiday-shortened week last week, traders should brace for a wave of red to kick off this week. The post-Thanksgiving period often results in what traders call a Santa Clause rally, reflecting the overall bright spirit of market participants during the holiday season. Online Black Friday sales in the US topped $9 billion, setting a fresh record, and Cyber Monday should add to the boost in holiday shopping, but the rest of the season...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Even with the broad market plunging 17% this year, Walmart is one of the few companies showing some signs of life. Although the retail giant has experienced some major ups and downs lately as investors assess the likelihood of a recession and its influence on retail spending, the stock is up 5% YoY. The company's latest report allayed much of investors' fears. Walmart may still be going forward, but the company has some unfavorable factors to overcome in the near future...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Retail Sales for the third quarter rose 0.4% quarterly and 4.9% annualized. Forex traders can compare this to New Zealand Retail Sales for the second quarter, which contracted 2.3% quarterly and 3.7% annualized. Foreign Buying of Japanese Bonds for the period ending November 19th came in at -¥526.6B, and Foreigners Buying of Japanese Stocks at ¥4.5B. Forex traders can compare this to the Foreign Buying of Japanese Bonds for the period ending November 12th,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight A change in management usually does not get much media attention, even at the biggest and most significant companies in the market. In the words of Warren Buffett, if one sandwich could run a company before, another will undoubtedly do the job just as well. That's why it's mostly no big deal. The Walt Disney Company just reinstated Bob Iger as CEO, ending Bob Chapek's less than a three-year term. This unexpected move says a lot about Disney's strategy. Let's...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Japanese Jibun Bank Manufacturing PMI for November came in at 49.4, the Preliminary Japanese Jibun Bank Services PMI at 50.0, and the Preliminary Japanese Jibun Bank Composite PMI at 48.9. Forex traders can compare this to the Japanese Jibun Bank Manufacturing PMI for October, reported at 50.7, the Japanese Jibun Bank Services PMI at 53.2, and the Japanese Jibun Bank Composite PMI at 51.8. The Final Japanese Leading Index for September came in at 97.5, and the...
