Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Jobless Claims Change for February came in at -48.1K. Economists predicted a figure of -28.0K. Forex traders can compare this to the UK Jobless Claims Change for January, reported at -31.9K. The UK Employment Change for the tri-monthly period ending in January came in at -12K and the ILO Unemployment Rate at 3.9%. Economists predicted a reading of 23K and 4.0%. Forex traders can compare this to the UK Employment Change for December, reported at -38K, and the ILO...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With the U.S. Federal Reserve set to increase its benchmark overnight lending rate (the federal funds rate) for the first time since the beginning of the coronavirus pandemic at its forthcoming meeting, most banks are forecasted to profit. JPMorgan Chase, America's largest bank, is no exception. The bank has many commercial loans and credit cards in its portfolios, whose yields will rise along with the federal funds rate. The bank is also enhancing its deposit base. But...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Litecoin continues its push into a privacy coin rivaling known leaders Zcash and Monero. The implementation of the MimbleWimble privacy upgrade. Two additional features implemented with the Core 0.21.2 release are Taproot and MWEB. Both enhance security features, and Litecoin now supports confidential transactions. With the privacy-oriented upgrades, Litecoin can outperform Bitcoin throughout 2022, but it has plenty of ground to cover, as it corrected notably more than Bitcoin...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for February was reported at 53.6. Forex traders can compare this to the New Zealand Business PMI for January, reported at 52.3. New Zealand Food Prices for February decreased 0.1% monthly. Forex traders can compare this to New Zealand Food Prices for January, which increased 2.7% monthly. The Canadian Employment Report for February is predicted to show the addition of 160.0K jobs and an Unemployment Rate of 6.2%. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon announced Wednesday night that its stock will be split 20-to-1, the first time it has split $3,000 worth of stock since September 1999! Simultaneously with the stock split announcement, Amazon also increased its share buyback program to $10 billion from the $5 billion it had before. On this announcement, Amazon stock soared nearly 7 percent in over-the-counter trading on Wednesday. So should investors buy stock in anticipation of the split? Amazon's decision has...
