Source: PaxForex Premium Analytics Portal, Fundamental Insight As China's largest e-commerce and cloud infrastructure platform company, Alibaba is not often associated with other countries. However, in the last quarter, 301 million of Alibaba's 1.28 billion annual active consumers were actually outside of China, and international trade revenue accounted for almost 7% of the company's total sales. Alibaba mainly serves other countries through AliExpress (a cross-border trading platform that helps Chinese merchants reach overseas...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The French Business Survey for March is predicted at 110. Forex traders can compare this to the French Business Survey for February, reported at 112. The Preliminary French Markit Manufacturing PMI for March is predicted at 55.0, Preliminary French Markit Services PMI at 55.0, and Preliminary French Markit Composite PMI at 54.3. Forex traders can compare this to the French Markit Manufacturing PMI for February, reported at 57.2, the French Markit Services PMI at 55.5, and the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Don't get your hopes up just yet, but Ethereum is gaining momentum again. The world's second most valuable cryptocurrency rose above $3,000 on Tuesday, something it hasn't done in nearly three weeks. Ethereum is still nearly 40 percent below its peak in mid-November, but momentum is back on its side. Two months ago, there was a question about whether Ethereum could break through the $5,000 ceiling. Late last year, the digital currency hit an all-time high just below...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK CPI for February is predicted to increase 0.6% monthly and 5.9% annualized. Forex traders can compare this to the UK CPI for January, which decreased 0.1% monthly and rose 5.5% annualized. The Core CPI for February is predicted to expand 0.5 monthly and 5.0% annualized. Forex traders can compare this to Core CPI for January, which dropped 0.4% monthly and increased 4.4% annualized. The UK PPI Input for February is predicted to increase 1.2% monthly and 13.9% annualized....
Source: PaxForex Premium Analytics Portal, Fundamental Insight After gold launched a massive six-week rally, price action was ripe for a necessary correction. Geopolitical events coupled with inflationary readings not seen in 40 years provided fuel for bulls to drive the XAU/USD higher. Investors have sought safe-haven assets since the beginning of 2022, driven by a sell-off in global financial markets and monetary policy changes by central banks. The US became the primary exported of inflation, as the US Dollar is the primary commodity...
