Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized. US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes. The forecast for the NZD/USD turned bullish after price...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Not long ago, Cisco Systems stock hit a two-year high after this tech titan released its Q4 results on Aug. 18. Analysts were excited by Cisco's second consecutive quarter of year-over-year revenue growth (which succeeded a five-quarter revenue decline streak), as well as an optimistic forecast for fiscal 2022. Cisco's mature business, low P/E ratio of 17, and a high dividend yield of 2.7% likely also made the company more attractive than more motley tech stocks,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Japanese Jibun Bank Manufacturing PMI for August was reported at 52.4, the Preliminary Japanese Jibun Bank Services PMI at 43.5, and the Preliminary Japanese Jibun Bank Composite PMI at 45.9. Forex traders can compare this to the Japanese Jibun Bank Manufacturing PMI for July, reported at 53.0, the Japanese Jibun Bank Services PMI reported at 46.4, and the Japanese Jibun Bank Composite PMI reported at 48.8. The Preliminary French Markit Manufacturing PMI for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After halting stock buybacks at the start of the pandemic, Home Depot recently resumed them. In the first two quarters of the fiscal year 2021, $6.9 billion was spent on share buyback. It's important to note that when a company repurchases its stock, it reduces the number of shares outstanding. It ends up distributing profits to fewer shares. In other words, each share gets a bigger cut. With a market capitalization of $342 billion as of this writing, buying $6.9...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Retail Sales for July decreased 2.5% monthly and increased 2.4% annualized. Economists predicted an increase of 0.4% and 6.0%. Forex traders can compare this to UK Retail Sales for June, which increased 0.2% monthly and 9.2% annualized. UK Core Retail Sales for July decreased 2.4% monthly and increased 1.8% annualized. Economists predicted an increase of 0.3% and 5.7%. Forex traders can compare this to UK Core Retail Sales for June, which increased 0.3% monthly and 6.8%...
