Source: PaxForex Premium Analytics Portal, Fundamental Insight The South African Current Account for the first quarter is predicted at ZAR105.0B, and the Current Account Percentage of GDP at 1.50%. Forex traders can compare this to the South African Current Account for the fourth quarter, reported at ZAR120.0B, and the Current Account Percentage of GDP at 1.90%. South African Mining Production for April is predicted to drop 5.0% annualized. Forex traders can compare this to South African Mining Production for March, which plunged 9.3%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil does not believe fossil fuels will disappear. The company believes that oil and gas will play a vital role in fueling the economy in the future, even as cleaner alternatives accelerate. This is partly because of their lower relative costs and the huge technological leap needed for fuel substitutes such as clean hydrogen to become commercially viable. Another reason Exxon sees a future for fossil fuels is that they can reduce carbon dioxide emissions by capturing and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Japanese GDP for the first quarter decreased by 0.1% quarterly and 0.5% annualized. Economists predicted a drop of 0.3% and 1.0%. Forex traders can compare this to the Japanese GDP for the fourth quarter, which rose 1.0% quarterly and 4.0% annualized. Final Private Consumption for the first quarter rose 0.1% quarterly, and Final Capital Expenditure dropped 0.7% quarterly. Economists predicted a flat reading of 0.0% and an increase of 0.3%. Forex traders can compare...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, the Nasdaq Composite managed to break a seven-week losing streak, securing its first positive trading week since early April. Even despite last week's rally, the Nasdaq is still in the bear market territory (it is down 25.3% from its all-time highs set in November). One stock that is falling at the same time as the Nasdaq is tech giant Alphabet, the parent company of Google. Stock prices are down about 23.9% from their November highs. Long-term investors looking...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for April rose 1.0% monthly and decreased 1.7% annualized. Economists predicted an increase of 1.3% and a drop of 0.8%. Forex traders can compare this to Japanese Household Spending for March, which expanded by 4.1% monthly and decreased by 2.3% annualized. Japanese Average Cash Earnings for April increased by 1.7% annualized and Japanese Overtime Pay by 5.9% annualized. Forex traders can compare this to Japanese Average Cash Earnings for March,...
