Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders will digest German election results, where coalition talks could take months. The left-leaning SPD secured 25.7% of the vote as the right-leaning CDU/CSU came in second at 24.1%, a historic low for the party dominating German politics after World War II. Possible coalition parties consist of the environmental party, The Greens with 14.8% of the vote, the business-friendly liberal FDP with 11.5%, and the right-wing party AfD at 10.5%. Eurozone M3 Money Supply for August...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In 2021, the e-commerce and auction company, eBay, is certainly feeling great. The company attracted a record number of customers at the beginning of the pandemic as people tended to avoid shopping in stores. eBay is using this momentum to optimize business performance. Management expects that many of the customers who signed up during the pandemic won't stick around for long, so it's focusing on retaining high-value customers. This is one of several things...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to Exports for July, reported at NZ$5.77B, and Imports, reported at NZ$6.17B. Singapore Industrial Production for August...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some time. GreenSky currently serves a $9 billion loan portfolio and has served about 4 million consumers with...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook. The UK Markit/CIPS Manufacturing PMI for September is predicted at 59.0. Forex traders can compare this to the UK Markit/CIPS Manufacturing...
