Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin has had a rough start to the year. As per CoinMarketCap, its price has fallen more than 35% from its November high. On Jan. 10, the price fell below $40,000, its lowest level since September. Since then, it has gained some ground but is still trying to pull ahead. Many crypto investors are wondering if the price is close to the bottom, and if so, whether the king of cryptocurrencies is about to take off. To answer this question, we need to look at the causes of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Jobless Claims Change for December was reported at -43.3K. Economists predicted a figure of -38.6K. Forex traders can compare this to the UK Jobless Claims Change for November, reported at -95.1K. The UK Employment Change for the tri-monthly period ending in November was reported at 60K, and the ILO Unemployment Rate was reported at 4.1%. Economists predicted a reading of 125K and 4.2%. Forex traders can compare this to the UK Employment Change for October, reported at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Procter & Gamble's stock price gains have lagged the broader stock market for much of the pandemic. While sales and profits have skyrocketed since the beginning of 2020, the consumer sector giant has been left behind in a rally that has pushed fast-growing niches to new highs. But that performance gap is closing as investors` interest in hot tech stocks fades. P&G has a chance to build on the positive momentum when the company announces its fiscal 2022 Q2 results...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for December increased 3.6% monthly, and Private House Approvals increased 1.4% monthly. Forex traders can compare this to Australian Building Approvals for November, which increased 13.6% monthly, and Private House Approvals, which increased 3.5% monthly. The Chinese GDP for the fourth quarter increased 1.6% quarterly and 4.0% annualized. Economists predicted an increase of 1.1% quarterly and 3.6% annualized. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Under Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. The bank has transformed from one institution whose viability was in question to a better institution with exceptional asset quality, a priority on effectiveness, and industry-leading technology. And investors who bought stock in turbulent times have been well rewarded. Throughout the past decade, Bank of America has...
