Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin dropped below $29,000 yesterday. According to CoinMarketCap, it fell to $28,170 in the afternoon, lower than at any time in 2021. While bitcoin fell about 8% in 24 hours, some leading altcoins fell even more. Last year's cryptocurrency Solana (SOL) fell more than 30%, bringing its year-to-date drop to nearly 75%. The biggest factor affecting cryptocurrency prices is the impact of economic policy tightening measures aimed at reducing inflation. Last week, the U.S...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Calculating risk and the potential reward is a fundamental requirement for any kind of investment. Companies do it all the time before building a new factory, opening a new store, or investing in research and development. But when it comes to an individual company, determining risk and the potential reward is one of the most difficult and abstract concepts. Some investors try to use discounted cash flow models to forecast future cash flows and then discount them to account for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Foreign Reserves for April came in at $1,322.2B. Forex traders can compare this to Japanese Foreign Reserves for March, reported at $1,356.1B. The Preliminary Japanese Leading Index for March came in at 101.0, and the Preliminary Japanese Coincident Index at 97.0. Forex traders can compare this to the Japanese Leading Index for February, reported at 100.1, and the Japanese Coincident Index at 96.8. The US CPI for April is predicted to rise 0.2% monthly and 8.1%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, Pfizer released its Q1 financial results. The report was strong, as the company beat analysts' expectations in both revenue and earnings. Not surprisingly, revenues from the vaccine and COVID-19 pills provided significant business growth. Pfizer confirmed its revenue forecast of $54 billion from those two products alone. But what else is providing significant growth for the medical company? And is Pfizer too reliant on revenues from the vaccine and COVID-19 pills...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for March rose 4.1% monthly and decreased 2.3% annualized. Economists predicted an increase of 2.6% and a drop of 2.8%. Forex traders can compare this to Japanese Household Spending for February, which contracted 2.8% monthly and rose 1.1% annualized. Italian Industrial Production for March is predicted to decrease 1.9% monthly and increase 1.3% annualized. Forex traders can compare this to Italian Industrial Production for February, which rose 4.0%...
