Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Nationwide House Prices for December to increase by 0.4% monthly and by 6.7% annualized. Forex traders can compare this to UK Nationwide House Prices for November, which increased by 0.9% monthly and by 6.5% annualized. The US Chicago PMI for December is predicted at 57.0. Forex traders can compare this to the US Chicago PMI for November, reported at 58.2. US Pending Home Sales for November are predicted to increase by 0.2% monthly. Forex traders can compare this to US...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Presumably, construction, mining, and oil and gas were among the sectors hardest hit by the coronavirus pandemic. Nevertheless, shares of leading equipment maker Caterpillar show no signs of slowing down. The company's stock has nearly doubled from its March lows and is up 18% from a year earlier. By analyzing the chart, one can see that Caterpillar's sales and profits are cyclical - they always have been and probably always will be. In other words, they go up in sync...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The South African Trade Balance for November was reported at $36.72B. Economists predicted a figure of $23.00B. Forex traders can compare this to the South African Trade Balance for October, reported at $34.94B. The US Dallas Fed Manufacturing Index for December was reported at 9.7. Forex traders can compare this to the US Dallas Fed Manufacturing Index for November, reported at 12.0. The US S&P/Case-Shiller Composite 20 for October is predicted to increase by 1.00%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boeing has made investors seriously nervous this year. The company's stock lost 75% of its value at the beginning of the year, but in the past few months, it has started to rise strongly again. As of the close of trading last week, the stock was still down about 32% for the year. As you know, it only took one or two punches for this aerospace giant to get knocked out. First, the 737 MAX was grounded, and then the pandemic, which crushed airline demand, reduced airline...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With Bitcoin recording new all-time highs, the gap between bulls and bears widens. JP Morgan sees the BTC/USD at $650,000 by the end of 2022, as the largest cryptocurrency by market-value entered the longest bull run since 2019. The primary cause of their optimism is that more companies will follow MicroStrategy and MassMutual in using Bitcoin as strategic financial reserves over the US Dollar. While Bitcoin gains traction among investors using it as a store for value, it is...
