Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japan Reuters Tankan Index for November was reported at 13. Forex traders can compare this to the Japan Reuters Tankan Index for October, reported at 16. Japanese M3 Money Supply for October was reported at ¥2,006.0T. Forex traders can compare this to Japanese M3 Money Supply for September, reported at ¥1,998.8T. Japanese Preliminary Machine Tool Orders for October increased 81.5% annualized. Forex traders can compare this to Japanese Machine Tool Orders for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple's stock price plunged recently after the tech giant released a mixed Q4 earnings report. The company's revenue increased 29% year over year to $83.4 billion, $1.6 billion below analysts' expectations. Profits rose 70% to $1.24 per share and were in line with Wall Street forecasts. Apple explained its slow increase by supply chain difficulties that reduced Q4 sales by $6 billion. The company expects these difficulties to further affect first-quarter sales....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Social media titan Facebook, now Meta Platforms, has recently been in the midst of a whistleblower scandal. A former employee made allegations against the company. This drama is just the latest development for Meta, which has become a lightning rod for debate. Investors may be seeking to figure out if the company's best days are over, particularly as Facebook's platform becomes less and less popular with younger users. Let's try to look away from the noise to see if...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for October increased 10.1% monthly and decreased 7.6% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for September, which increased 1.0% monthly and decreased 14.9% annualized. The German Trade Balance for September is predicted at €13.6B. Forex traders can compare this to German Trade Balance for August, reported at €13.0B. Exports for September are predicted to increase 0.5%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ripple price action will depend on the evolving legal battle between Ripple and the SEC. Investors and traders with a longer-term perspective should not ignore the positive developments outside of court. Ripple appears to gain the upper hand in the proceedings, but volatility will remain, and traders should remain patient. Price action has enjoyed ongoing support from the Ichimoku Kinko Hyo Cloud, and given the build-up bullish sentiment, a breakout can trigger a short squeeze...
