Source: PaxForex Premium Analytics Portal, Fundamental Insight The final Singapore GDP for the third quarter increased 1.3% quarterly and 7.1% annualized. Forex traders can compare this to the Singapore GDP for the second quarter, which decreased 1.4% quarterly and increased 15.2% annualized. The Singapore Current Account for the third quarter was reported at S$28.12B. Forex traders can compare this to the Singapore Current Account for the second quarter, reported at S$26.79B. US Initial Jobless Claims for the week of November 20th are...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alibaba shares fell 11% last week after the Chinese e-commerce and cloud leader released its Q2 earnings report. The company's revenue increased 29% YoY to $31.1 billion, $673 million less than forecasts. Excluding the consolidation of hypermarket operator Sun Art, the company's revenue would have grown only 16%. Adjusted earnings dropped 38% to ¥11.20 ($1.74) per ADS, which was not in line with the analysts' expectations by $0.19. Under generally accepted...
Source: PaxForex Premium Analytics Portal, Fundamental Insight General Electric's announcement earlier this month that the company plans to split into three separate businesses definitely amazed the market. Nevertheless, it should also have pleased investors, who are sure that the company is trading at an incredible discount as a conglomerate. According to this view, when the company splits up, its fundamental parts should trade at higher valuation multiples than their assumed valuation as part of the conglomerate. Let's look at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Retail Sales for the third quarter decreased 8.1% quarterly and 5.2% annualized. Forex traders can compare this to New Zealand Retail Sales for the second quarter, which increased 3.3% quarterly and 33.3% annualized. The Preliminary US Markit Manufacturing PMI for November is predicted at 59.0, and the Preliminary US Markit Services PMI at 59.0. Forex traders can compare this to the US Markit Manufacturing PMI for October, reported at 58.4, and the US Markit...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The final UK Markit/CIPS Composite PMI for October is predicted at 54.1. Forex traders can compare this to the UK Markit/CIPS Manufacturing PMI for September, reported at 54.1. UK CBI Industrial Industrial Trends Orders for November are predicted at 18. Forex traders can compare this to CBI Industrial Trends Orders for October, reported at 9. Eurozone Consumer Confidence for November is predicted at -5.5. Forex traders can compare this to Eurozone Consumer Confidence for...
