Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Machine Orders for September dropped 4.6% monthly and rose 2.9% annualized. Economists predicted a rise of 0.7% and 4.7%. Forex traders can compare this to Japanese Machine Orders for August, which plunged 5.8% monthly and surged 9.7% annualized. The Japanese Tertiary Industry Index for September decreased by 0.4% monthly. Economists predicted an increase of 0.6% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for August, which rose 0.7...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Internet search giant Alphabet has built one of the world's largest advertising businesses. If you type a question into Google's search engine, it's not surprising to see a handful of paid ads sitting on top of the actual search results. Similarly, Alphabet-owned video-sharing site YouTube often requires its users to preview ads before watching a video. While advertising is still the daily bread for Alphabet, there is no denying that growth from advertising is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon has been one of the best investments in the marketplace ever, providing returns in the hundreds of thousands over its two-and-a-half decades as a public company. In the current unstable economy, Amazon has had some problems with both growth and profitability. How should we view Amazon stock in this market? Amazon disappointed investors with its Q4 outlook in a recent report. But Q3 itself was strong, with sales up 15% despite pressure from inflation and a strong U.S....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The cryptocurrency sector remains under intensifying bearish pressures following the bankruptcy filing of one of its most-trusted members, FTX. The cryptocurrency exchange tumbled firm valuations of $32 billion+ into bankruptcy in only a few weeks. FTX, founded and led by the inexperienced Sam Bankman-Fried, who has since stepped down, touted itself as a rescuer for failed cryptocurrency firms, boasting it had a $1 billion war chest to bailout struggling firms that could pose...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In a fast-paced development that seems to be changing by the hour, major cryptocurrency exchange Binance said it would no longer pursue an acquisition of FTX, the world's fifth-largest cryptocurrency exchange by volume over the past year. The price of the world's largest cryptocurrency, bitcoin, rose sharply on news that Binance plans to buy out FTX. But the news that Binance was backing out of the deal caused bitcoin to collapse, with its price dropping more than 15...
