Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Private Capital Expenditure for the first quarter decreased 0.3% quarterly. Economists predicted an increase of 1.5%. Forex traders can compare this to Australian Private Capital Expenditure for the fourth quarter, which increased 1.1% quarterly. Australian Building Capital Expenditure for the first quarter dropped 1.7% quarterly. Forex traders can compare this to Australian Building Capital Expenditure for the fourth quarter, which rose 2.2% quarterly. Australian...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The stock market has been under tremendous pressure lately, and it's not difficult to see why. Inflation has skyrocketed to 40-year highs, the Fed has started to raise interest rates to tackle it, and a host of macroeconomic problems have been worsened by Russia's invasion of Ukraine. Even the big tech companies have lost their spirit. Consider the stocks of FAANG: Meta Platforms, Amazon, Apple, Netflix, and Alphabet (Google's parent company). These top five U.S....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Reserve Bank of New Zealand raised interest rates by 50 basis points to 2.00%. Economists predicted a 50 basis point hike. Forex traders can compare this to the Reserve Bank of New Zealand's previous interest rate announcement, where the RBNZ hiked rates by 50 basis points to 1.50%. It marks the fifth consecutive tightening in monetary policy following three 25 basis point increases. The central bank added that more aggressive interest increases are ahead, with at least...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Since Tesla CEO Elon Musk revealed his stake in Twitter on April 4, TSLA stock has started to fall steadily, dropping 42%. As the ongoing saga between Musk and Twitter grows more complicated, some investors may wonder if Musk has been distracted by one of his most successful companies. Even despite stock-related distractions, Tesla as a company has become an absolute force. The company reported a solid Q1 and set ambitious long-term goals, inspiring investors. But the question...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Australian Manufacturing PMI for May came in at 55.3, the Preliminary Australian Services PMI at 53.0, and the Preliminary Australian Composite PMI at 52.5. Forex traders can compare this to the Australian Manufacturing PMI for April, reported at 58.8, the Australian Services PMI at 56.6, and the Australian Composite PMI at 55.9. The French Business Survey for May came in at 107. Economists predicted a level of 96. Forex traders can compare this to the French...
