Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for October is predicted to show 200K job additions and an unemployment rate of 3.6%. Forex traders can compare this to the US NFP Report for September, which showed 263K job additions and an unemployment rate of 3.5%. Private Payrolls for October are predicted to show 200K job additions, and Manufacturing Payrolls 15K job additions. Forex traders can compare this to Private Payrolls for September, which showed 288K job additions, and Manufacturing Payrolls,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, Amazon's Q3 report caused its stock to plummet after the company issued weak guidance for Q4. The quarter itself wasn't too bad. Revenues were up 15% YoY, which is good in the current market environment and in line with the forecast of 13-17%. Operating income of $2.5 billion was in line with the consensus, which was between $0 and $3.5 billion. Amazon Web Services (AWS) growth has begun to slow after many quarters of continuous growth, a natural consequence...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final UK S&P Global/CIPS Services PMI for October is predicted at 47.5, and the Final UK S&P Global/CIPS Composite PMI is predicted at 47.2. Forex traders can compare this to the UK S&P Global/CIPS Services PMI for September, reported at 50.0, and the UK S&P Global/CIPS Composite PMI at 49.1. The Bank of England is predicted to hike interest rates by 75 basis points to 3.00%. Forex traders can compare this to the previous Bank of England meeting, where the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The other day there were several significant events with Intel stock. The company published its Q3 earnings report, disappointing investors on earnings and revising downward its earnings forecasts. But despite this news, Intel stock rose in trading the next day. Given these results and the reaction to them, maybe it's finally time to buy Intel stock. Of course, Intel's latest earnings report shows the depth of its problems. In the third quarter of 2022, the company...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US ADP Employment Change for October is predicted at 195K. Forex traders can compare this to the US ADP Employment Change for September, reported at 208K. US Crude Oil Inventories for the week ending October 28th are predicted at 0.367M. Traders can compare this to US Crude Oil Inventories for the week ending October 21st, reported at 2.588M. US Gasoline Inventories for the week ending October 28th are predicted at -1.358M, and US Distillate Stocks at -0.560M. Traders can...
