Inflationary pressures remain elevated and central bankers started to acknowledge that they will stay high longer than initially forecast. At the same time, economic indicators point to a slowing economy, with real wages decreasing. The last sign was Friday’s data out of the US, confirming personal income grows below the rate of inflation, eroding consumer spending power. Jerome Powell, the US Fed Chair, called inflation frustrating and admitted it would last longer than his predictions just a few months ago. Rising inflation and a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Ever since Amazon began disclosing Amazon Web Services (AWS) revenues and operating profits in 2015, more and more experts have been waiting for the tech titan to spin off its expanding cloud business. As longtime Amazon fans, some have regularly resisted the thought for a single reason. AWS generates higher-margin revenue than Amazon's retail business, so it actually provides most of Amazon's revenue growth by boosting the development of its retail ecosystem through...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Jobless Rate for August was reported at 2.8%, and the Job-to-Applicant Ratio at 1.14. Economists predicted a figure of 2.9% and 1.14. Forex traders can compare this to the Japanese Jobless Rate for July, reported at 2.8%, and the Job-to-Applicant Ratio, reported at 1.15. The Tankan Large Manufacturers Index for the third quarter was reported at 18. Economists predicted a figure of 13. Forex traders can compare this to the Tankan Large Manufacturers Index for the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for August increased 6.8% monthly, and Private House Approvals increased 3.8% monthly. Forex traders can compare this to Australian Building Approvals for July, which decreased 8.6% monthly, and Private House Approvals, which decreased 5.5% monthly. Australian Private Sector Credit for August increased 0.6% monthly, and Housing Credit increased 0.6% monthly. Forex traders can compare this to Australian Private Sector Credit for July, which increased...
Source: PaxForex Premium Analytics Portal, Fundamental Insight General Electric's $1.45 billion cash acquisition of advanced surgical imaging company BK Medical announced last week would have been something out of the ordinary for GE a decade ago. These days, however, it's much more important. This deal is CEO Larry Culp's biggest acquisition, a leader noted for his ability to acquire businesses, and it should give shareholders certainty in the company's future. And here's why. First, the deal will support growth. BK...
