Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Trade Balance for December was reported at A$6,785M. Forex traders can compare this to the Australian Trade Balance for November, reported at A$5,014M. Exports for December increased by 3.0% monthly, and imports decreased by 2.0%. Forex traders can compare this to exports for November, which increased by 3.0%, and to imports, which increased by 10.0%. Australian NAB Business Confidence for the first quarter was reported at 14. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Most traders would agree that making money out of stocks shouldn't be complicated. It's a lot simpler to do when a big name like Microsoft is still posting outstanding operating results every quarter. Last week, the company delivered another sensational quarter, with revenue up 17 percent and earnings per share up 34 percent year-over-year. Similarly, the company's stock is up 43% over the past year, after more than quadrupling over the past five years. Let...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Unemployment Rate for the fourth quarter was reported at 4.9%. Economists predicted an Unemployment Rate of 5.6%. Forex traders can compare this to the Unemployment Rate for the third quarter, reported at 5.3%. The Unemployment Change for the fourth quarter increased by 0.6%. Economists predicted a decrease of 0.8%. Forex traders can compare this to the Unemployment Change for the third quarter, which decreased by 0.8% quarterly. The Participation Rate for the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With markets demonstrating strong growth since April 2020, it is pretty tempting to assume that the economic recovery has already been turned around in stock prices. Following this argument means that with any disappointment in the economy, there is a risk of declining stock prices. It may well be the case for most of the market, but not all companies have been created equal. In the case of 3M, the stock still looks like a fairly attractive asset, and there is potential for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Global economic reports are mixed at best, and Covid-19 restrictions remain in place. Mutations of the virus in Brazil, South Africa, and the UK are more aggressive and result in more hospitalizations. It will pressure the already strained healthcare system and necessitate restrictions at least into the summer of 2021. Governments continue to add debt, and central banks keep interest rates near zero. The combination threatens future economic output and adds to bearish...
