Source: PaxForex Premium Analytics Portal, Fundamental Insight After the LTC/USD experienced a classic pump-and-dump scheme last week, following false reports that US grocer Walmart partnered with Litecoin to offer it as a payment solution in its stores, price action corrected into support. After the announcement, the LTC/USD rallied from $170 to $230 before dropping below $170. While the reversal is bearish, this cryptocurrency pair has reached a support area while selling pressure is fading. While Litecoin has minted 950 millionaires,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore Trade Balance for August was reported at $6.253B. Forex traders can compare this to the Singapore Balance for July, reported at $3.970B. Non-Oil Exports for August decreased 3.6% monthly and increased 2.7% annualized. Economists predicted an increase of 2.4% and 8.3%. Forex traders can compare this to Non-Oil Exports for July, which decreased 0.9% monthly and increased 12.7% annualized. UK Retail Sales for August are predicted to increase 0.5% monthly and 2....
Source: PaxForex Premium Analytics Portal, Fundamental Insight General Electric's latest statement to investors has left Wall Street analysts worried that the industrial giant's third-quarter report may not be as positive as many had expected. Those concerns extend not only to the expected third-quarter numbers but also to recommendations and comments from the company's management about the near-term outlook. For a company as diverse as GE, it's not a bad idea to separate the issues by individual segments, not least because...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand GDP for the second quarter decreased 2.8% quarterly and 17.4% annualized. Economists predicted an increase of 1.3% and 16.3%. Forex traders can compare this to the New Zealand GDP for the first quarter, which increased 1.4% quarterly and 2.9% annualized. The New Zealand GDP Annual Average for the second quarter increased 5.1% quarterly, and GDP Expenditure increased 2.6% quarterly. Economists predicted an increase of 4.3% and 1.4%. Forex traders can compare this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors are probably already familiar with FAANG stock, having seen how these five companies - Facebook, Amazon, Apple, Netflix, and Alphabet - led the Nasdaq Index to all-time highs over the past decade. The importance of these five tech companies cannot be exaggerated, and even through the pandemic, the FAANG five contributed to the tech index reaching new all-time highs. But if there is one among these five companies whose stock is worth thinking about buying today, it is...
