Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices gained on Wednesday on the outcome of the U.S. Federal Reserve meeting. The Fed kept the interest rate on federal funds rate in the range from 0% to 0.25% per annum, according to the communique of the Federal Open Market Committee (FOMC) after its meeting on March 16-17. The decision coincided with the forecasts of economists and market participants. The Nasdaq Composite added 53.64 points (0.4%) to settle at 13525.20 points. Nasdaq 100, H4 Pivot: 13202.00...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand GDP for the fourth quarter decreased by 1.0% quarterly and by 0.9% annualized. Economists predicted an increase of 0.1% quarterly and 0.5% annualized. Forex traders can compare this to the New Zealand GDP for the third quarter, which increased by 13.9% quarterly and by 0.2% annualized. The New Zealand GDP Annual Average for the fourth quarter decreased by 2.9% quarterly, and GDP Expenditure decreased by 1.5% quarterly. Economists predicted a decrease of 2.6% and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Exxon Mobil revealed plans to cut carbon dioxide emissions at its Investor Day meeting in March, while a surprise move by OPEC led to higher oil prices. Today, we will turn to the numbers and some fundamental insights to see if investors should pay attention to this company's stock now. The company declared plans to reduce its carbon emissions by developing solutions such as "carbon capture and low-carbon hydrogen" since the demand for clean energy grows. The...
Source: PaxForex Premium Analytics Portal, Technical Insight In Tuesday's trading session U.S. stock indices did not demonstrate the same dynamics: Dow Jones Industrial Average and S&P 500 indices fell after reaching the all-time highs the day before, while Nasdaq gained slightly. The U.S. Federal Reserve began a two-day meeting on Tuesday. Traders expect the regulator to provide interest rate and inflation forecasts, CNBC notes. Particular attention is attached to Fed Chairman Jerome Powell's press conference on Wednesday. The...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore Trade Balance for February was reported at $4.980B. Forex traders can compare this to the Singapore Balance for January, reported at $5.910B. Non-Oil Exports for February increased by 8.2% monthly and by 4.2% annualized. Economists predicted a decrease of 1.0% and an increase of 6.6%. Forex traders can compare this to Non-Oil Exports for January, which increased by 6.9% monthly and 12.7% annualized. US Housing Starts for February are predicted at 1,560K...
