Source: PaxForex Premium Analytics Portal, Fundamental Insight It's been a tough week for Walmart. On Tuesday, the retail giant's stock fell 11.4%, its biggest single-day decline since 1987. And on Wednesday, the stock fell another nearly 7 percent, falling along with the market as a whole. The consumer goods giant came under fire for failing to meet earnings expectations and lowering its profit forecast for the rest of the year. To be sure, the double-digit drop is disappointing, but there are several reasons why the quarter wasn...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Financial markets will attempt to recover from heavy selling, with the Dow Jones closing down for eight consecutive weeks, which last happened before the Great Depression almost 90 years ago. The NASDAQ Composite mirrors behavior during the dot-com crash, and cryptocurrencies navigate through their first period of high inflation and a rising interest rate environment. Any rally in financial markets is likely a bull trap, but Ripple presents an unusual long-term value case for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Many people know that a correction of more than 20% is nothing new for bitcoin. Throughout history, it has experienced more significant corrections than the current one. Those who have lived long enough to remember other collapses of more than 50% in less than a month can attest that this is just another bump in the road. Since bitcoin's inception, there have been roughly seven corrections that have cut the price in half. After each of these corrections, bitcoin has...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for April came in at NZ$584M monthly and at -NZ$9,120M annualized. Forex traders can compare this to the New Zealand Trade Balance for March, reported at -NZ$581M monthly and -NZ$9,300M annualized. Exports for April came in at NZ$6.31B and Imports at NZ$5.73B. Forex traders can compare this to Exports for March, reported at NZ$4.48B, and Imports at NZ$7.06B. New Zealand Credit Card Spending for April increased 1.1% annualized. Forex traders can...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Employment Change for April came in at 4.0K and the Unemployment Rate at 3.9%. Economists predicted a figure of 30.0K and 3.9%. Forex traders can compare this to the Australian Employment Change for March, reported at 17.9K, and the Unemployment Rate reported at 4.0%. 92.4K Full-Time Positions were created, and 88.4K Part-Time Positions were lost in April. Forex traders can compare this to the addition of 20.0K Full-Time Positions and 0.4K Part-Time Positions...
