Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Business Inventories for the second quarter increased 0.2% quarterly, and Australian Company Gross Operating Profits increased 7.1% quarterly. Economists predicted an increase of 1.3% and 3.0%. Forex traders can compare this to Australian Inventories for the first quarter, which increased 2.4% quarterly, and Australian Company Operating Profits, which decreased 0.6% quarterly. Company Pre-Tax Profits for the second quarter increased 17.4% quarterly. Forex traders can...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After a significant portion of commercial airplane orders faded in 2019 and 2020, Boeing began to rebuild its production backlog in 2021. The aircraft producer has reported positive net orders for six straight months. The company will likely prolong that sequence to seven months when it announces its August order activity next week. However, compared to Airbus, Boeing's order book still looks pale due to the A320neo family's advantage over the 737 MAX. This week, Airbus...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian and New Zealand trade data came in better than expected, but inflation was hotter than forecast in South Korea. Traders will get more inflation data out of Switzerland and the Eurozone this morning. Other reports that may influence the gold price are trade data out of India and industrial production figures from Brazil. Following yesterday’s disappointing ADP employment data out of the US, which saw a downward revision to the previous month, the focus will shift...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil stock has delivered solid dividend income to millions of investors over the years, so it's no surprise that it still has many fans, despite its poor stock price performance. Over the past ten years, ExxonMobil stock has had a total return of 11.6%, compared to 372% for the S&P 500 Index. However, between 2000 and 2015, the stock enlargely outperformed the broader market. Thus, the key question for investors considering this stock now should be how the company...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Personal Income for July is predicted to increase 0.2% monthly, and Personal Spending is predicted to increase 0.3% monthly. Forex traders can compare this to Personal Income for June, which increased 0.1% monthly, and Personal Spending, which increased 1.0% monthly. The PCE Core Deflator for July is predicted to increase 0.3% monthly and 3.6% annualized. Forex traders can compare this to the PCE Core Deflator for June, which increased 0.4% monthly and 3.5% annualized. The...
