Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Services Index for June came in at 48.8. Forex traders can compare this to the Australian AiG Services Index for May, reported at 49.2. The Australian Trade Balance for May came in at A$15,965M. Economists predicted a figure of A$10.725M. Forex traders can compare this to the Australian Trade Balance for April, reported at A$13,248M. Exports for May increased 9.5% monthly, and imports by 5.8%. Forex traders can compare this to exports for April, which rose 5....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The countdown has begun. There are less than ten days to go before Alphabet's 20-to-1 stock split on July 15. Many are undoubtedly contemplating buying up the tech giant's stock before the date. The idea behind such a decision is that Alphabet stock could jump if a lower price attracts an influx of small investors. That could be a winning strategy. But here are a few reasons not to buy Alphabet stock before the split. The need for cash in the near term Never...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final US Composite PMI for June is predicted at 51.2, and the Final US Services PMI at 51.6. Forex traders can compare this to the US Composite PMI for May, reported at 53.6, and to the US Services PMI, reported at 53.4. The US ISM Non-Manufacturing PMI for June is predicted at 54.3, and the ISM Non-Manufacturing Business Activity Index at 54.0. Forex traders can compare this to the US ISM Non-Manufacturing PMI for May, reported at 55.9, and the ISM Non-Manufacturing...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin continued its prolonged decline last month. According to S&P Global Market Intelligence, the largest cryptocurrency fell 36.7%, dragging down many related stocks. For example, a software company and bitcoin investor MicroStrategy lost 37.9%, while investment fund Grayscale Bitcoin Trust fell 41.3%, and bitcoin miner Riot Blockchain fell 41.7%. The crypto market has faced the same risk-averse investor behavior as in recent months, fueled by gloomy inflation...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand NZIER Business Confidence for the second quarter came in at -65%. Forex traders can compare this to New Zealand NZIER Business Confidence for the first quarter, reported at -40%. New Zealand NZIER QSBO Capacity Utilization for the second quarter came in at 93.4%. Forex traders can compare this to New Zealand NZIER QSBO Capacity Utilization for the first quarter, reported at 97.1%. The New Zealand ANZ Commodity Price Index for June decreased 0.4% monthly. Forex...
