Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for January was reported at 52.1. Forex traders can compare this to the New Zealand Business PMI for December, reported at 53.8. New Zealand Electronic Retail Card Spending for January increased 3.0% monthly and 5.7% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for December, which rose 0.3% monthly and 4.2% annualized. New Zealand Inflation Expectations for the first quarter increased 3.27% quarterly....
The recent sell-off in tech stocks is gaining momentum. After hitting a high of 16,212 points last year, the Nasdaq Composite fell more than 12% to 14,149 points. The market correction over the past few months has not spared any company, not even Tesla. Since the beginning of November, this investor favorite has lost more than a quarter of its all-time high market capitalization. As Tesla's stock price has fallen, some investors are wondering if they should take this opportunity to add to their stock holdings. Let's take a look at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Melbourne Institute Inflation Index for February increased by 4.6% annualized. Forex traders can compare this to the Australian Melbourne Institute Inflation Index for January, which increased 4.4% annualized. Australian Building Approvals for December rose 8.2% monthly, and Private House Approvals decreased 1.8% monthly. Forex traders can compare this to Australian Building Approvals for November, which increased 2.6% monthly, and Private House Approvals, which...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot will release its fourth-quarter fiscal year 2021 earnings results on Feb. 22. As we all may have noticed, it's doing fine with the growing demand for home goods. The masses, accustomed to spending most of their time at home, are taking on projects to make that time more enjoyable and productive. Shareholders feared that as the economy recovered, this might cause a sharp turnaround in Home Depot sales. So far, that hasn't happened. Nevertheless, investors will...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ethereum bulls may get prematurely excited over the ETH/USD breakout above its bearish price channel as underlying fundamentals and technicals continue to flash bearish signals. While the reversal may extend moderately, traders should consider the possibility of a false breakout. The preceding collapse exceeded 55%+, and a short-covering rally was expected. It can retrace 50% while maintaining a bearish chart pattern, which would take ETH/USD to 3,235. Price action stalled after...
