Source: PaxForex Premium Analytics Portal, Fundamental Insight US Initial Jobless Claims for the week of February 6th are predicted at 757K, and US Continuing Claims for the week of January 30th are predicted at 4,490K. Forex traders can compare this to US Initial Jobless Claims for the week of January 30th, which were reported at 779K, and to US Continuing Claims for the week of January 23rd, reported at 4,592K. South African Mining Production for December is predicted to decrease by 8.0% monthly. Forex traders can compare this to South...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It's no secret that Wall Street loves Mickey Mouse these days. On Monday, Disney stock hit another all-time high. Investors won't have to wait long for the company's next big success signal: Disney will report new financial results shortly after the market closes on Thursday. Disney's fiscal year 2020 revenues were down 6 percent, while fourth-quarter (ended Oct. 3) revenues were down 23 percent from a year ago due to declines in the Parks, Entertainment...
Source: PaxForex Premium Analytics Portal, Fundamental Insight While Covid-19 continues to depress the global economy and news of vaccines being significantly less effective for the latest mutations, traders should monitor inflation. Governments spiked debt to all-time highs and close to 350% of global GDP. The 2015 Eurozone debt contagion occurred with levels half of that, and most countries have a debt-to-GDP ratio above 100%, which is beyond catastrophic. The Covid-19 collapsed the healthcare system and keeps pressure on it, but...
Source: PaxForex Premium Analytics Portal, Fundamental Insight For several reasons, Caterpillar, a manufacturer of construction, mining, power, and transportation equipment, is perfectly poised to rebound in 2021. Many investors may be enticed to long stock because of that, but the fundamental question is whether or not to do so right now. Let's take a look at what's going to happen in 2021 and try to get a little clarity on the matter. First, Caterpillar equipment retail sales have probably reached the bottom and look set...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian NAB Business Conditions for January were reported at 7, and Australian NAB Business Confidence at 10. Forex traders can compare this to NAB Business Conditions for December, reported at 14, and to Australian NAB Business Confidence, reported at 4. The German Trade Balance for December is predicted at €15.9B. Forex traders can compare this to German Trade Balance for November, reported at €16.4B. Exports for December are predicted to decrease by 1.0%...
