Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Unemployment Rate for the fourth quarter came in at 3.2%. Economists predicted an Unemployment Rate of 3.4%. Forex traders can compare this to the Unemployment Rate for the third quarter, reported at 3.3%. The Unemployment Change for the fourth quarter increased 0.1%. Economists predicted an increase of 0.3%. Forex traders can compare this to the Unemployment Change for the third quarter, which rose 2.0% quarterly. The Participation Rate for the fourth quarter...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Performance of Manufacturing Index for December was reported at 48.4. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for November, reported at 54.8. The Final Australian Markit Manufacturing PMI for January was reported at 55.1. Forex traders can compare this to the Australian Markit Manufacturing PMI for December, reported at 57.7. Australian Home Loans for December increased 5.3% monthly, and Investment Lending for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet, Google's parent company, has returned about 800% to its investors over the past 10 years, more than double the return of the NASDAQ, which was nearly 400%. Alphabet also remained resilient during the COVID lockdown, as an increase in its cloud business compensated for a transient deceleration in ad sales. The company also avoided a post-localization slowdown as its advertising and cloud businesses increased in tandem. As a result, Alphabet's stock is up 65% in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As many people know, McDonald's recovery is now at its peak. Last week, this fast-food titan announced its Q4 earnings results, which include record sales growth as the company recovered from the 2020 pandemic recession. The chain is becoming much more profitable, thanks to a combination of cost-cutting and price increases. Let's take a look at some key findings from the fourth-quarter report to gauge the company's state of affairs. Investors feared that the latest...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrencies remain under pressure, and 2022 could result in another crypto winter, but selling pressure is fading in the short term. A potential short-covering rally may unfold after Bitcoin dropped 50%+ from its all-time high. It presents a swing-trade opportunity for traders with a higher risk profile, as the long-term trend remains bearish. Price action is likely to drop below the 30,000 psychological support level, with 25,000 a potential stop amid portfolio...
