Source: PaxForex Premium Analytics Portal, Fundamental Insight German Industrial Production for January increased 2.7% monthly. Economists predicted a rise of 0.5%. Forex traders can compare this to German Industrial Production for December, which rose 1.1% monthly. Spanish Industrial Production for January is predicted to increase 2.3% annualized. Forex traders can compare this to Spanish Industrial Production for December, which rose 1.3% annualized. Italian Retail Sales for January are predicted to increase 1.1% monthly. Forex traders...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Services Index for February came in at 60.0. Forex traders can compare this to the Australian AiG Services Index for January, reported at 56.2. Australian ANZ Job Advertisements for February increased 8.4% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for January, which decreased 0.7% monthly. The Chinese Trade Balance for February came in at $115.95B. Economists predicted a figure of $99.50B. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As a result of the pandemic, there was a collapse in oil and gas demand, many companies were forced to cut costs and production and take on debt to keep body and soul together. This left the industry short of supply in 2021. And as geopolitical tensions increase and demand continues to outpace supply, oil prices are hovering at the $100 a barrel mark. During the 2020 crisis, Chevron was one of the few oil companies that didn't cut its dividend. What's more, the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The cryptocurrency market continues its correction, with $500+ billion wiped off the market cap over the past week. As global financial markets extend their losses, driven by high inflation, central bank monetary tightening, ongoing supply chain bottlenecks from the Covid-19 pandemic, and geopolitical conflicts, smart money dumps risky assets led by Bitcoin and Ethereum. It ended comparisons of Bitcoin to gold, which rallied as global tensions rose, while Bitcoin led the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot shares fell slightly in morning trading Tuesday after the company released earnings data for the fourth quarter and fiscal year 2021. The home improvement retailer beat revenue and earnings forecasts, but management's vague sales projections for 2022 seem to have disappointed investors. The slowdown in sales could lead to questions about Home Depot. As the state of the business may increasingly resemble the state before the pandemic, investors may wonder what to...
