Source: PaxForex Premium Analytics Portal, Fundamental Insight Citigroup held its long-awaited Investor Day, detailing its long-term strategic vision for getting the faltering bank back on track. Unfortunately, for investors who had hoped it would catalyze in the short term, Investor Day was not impressive enough. The bank has set financial goals that leave much to be desired and may take some time to achieve. In addition, it looks like it will take several years for the bank to address some regulatory issues and upgrade its technology. At...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The South African Current Account for the fourth quarter is predicted at ZAR150.0B, and to the Current Account Percentage of GDP at 2.60%. Forex traders can compare this to the South African Current Account for the third quarter, reported at ZAR226.4B, and the Current Account Percentage of GDP at 3.60%. South African Mining Production for January is predicted to increase 3.5% annualized. Forex traders can compare this to South African Mining Production for December, which...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Despite the recent lull in early 2022, when the cryptocurrency market lost about 20% of its value, the entire asset class has been an excellent investment in recent years. While the S&P 500 has delivered total returns close to 100% over the past five years, cryptocurrencies have grown from a total market value of $24.5 billion in March 2017 to $1.8 trillion today. The major cryptocurrency, bitcoin, has unsurprisingly attracted a lot of attention as digital assets move...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for March dropped 4.2% monthly to 96.6. Forex traders can compare this to Australian Westpac Consumer Confidence for February, which decreased 1.3% monthly to 100.8. Final Japanese GDP for the fourth quarter increased 1.1% quarterly and 4.6% annualized. Economists predicted a rise of 1.4% and 5.6%. Forex traders can compare this to the Japanese GDP for the third quarter, which decreased 0.7% quarterly and 2.8% annualized. Final Private...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Meta Platforms has been in the news lately for all the wrong reasons: after the company's Q4 2021 financial report, released on Feb. 2, the stock plummeted, losing $200 billion in one day. The massive drop in Meta stock was caused by a worsening outlook for the current quarter, as well as the company's battle with Apple's privacy changes, which are ab\nticipated to cost the social media titan $10 billion in revenue minimum this year. Facebook's parent company...
