Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Retail Sales for September decreased by 0.1% monthly and by 8.7% annualized. Economists predicted an increase of 0.3% monthly and a decrease of 7.7% annualized. Forex traders can compare this to Japanese Retail Trade for August, which increased by 4.6% monthly, and which decreased by 1.9% annualized. The Bank of Japan decided to keep interest rates at -0.10%. Forex traders can compare this to the previous Bank of Japan interest rate decision where interest rates were...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The American energy giant ExxonMobil is going through a difficult time, with its shares falling by about 50% in 2020. It's certainly not the only international oil tycoon facing difficulties, but investors need to step back and consider several key factors before deciding to buy these shares. The third-quarter earnings report will be released on Friday, October 30. Here is a brief overview of some of the vital factors that need to be taken into account....
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin continues to rally and is now approaching its highest level in over three years, which stands at 13,821. The 14,000 hurdle presents the last significant resistance to tackle its all-time high near 20,000. PayPal allowed users to transact in Bitcoin, opening the gates to more retail flows. Software company Square bought $5o million worth of Bitcoin as it diversifies its capital base, and many wonder if more companies will view the largest cryptocurrency as a store for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Just when General Electric seemed to be gaining momentum at the beginning of this year, the Covid-19 pandemic reversed its results. Indeed, the pandemic harmed almost every part of the industrial conglomerate's business. Nevertheless, there are signs that the worst of the crises may be over for General Electric. The company's third-quarter profit report this week will include important information to help investors determine if GE is really coming back to the same level...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for September was reported at -NZ$1,017M monthly and at NZ$1,710M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for August, reported at -NZ$282M monthly and NZ$1,420M 12-month year-to-date. Exports for September were reported at NZ$4.01B and Imports at NZ$5.02B. Forex traders can compare this to Exports for August, reported at NZ$4.41B, and to Imports, reported at NZ$4.69B. US Preliminary Durable Goods...
