Source: PaxForex Premium Analytics Portal, Fundamental Insight When the economy was hit by a pandemic in March, it created a situation that very few people could have imagined in January or February. Coronavirus forced all banks to set aside huge amounts of cash to prepare for future credit losses because tens of millions of people were suddenly out of work, while many businesses faced a doomsday scenario. As the country's largest bank, JPMorgan Chase reserved almost $19 billion in the first half of the year to cover potential loan...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for August decreased by 7.9% monthly and by 0.8% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for July, which increased by 1.2% monthly and by 11.4% annualized. Japanese Machine Orders for July increased by 6.3% monthly and decreased by 16.2% annualized. Economists predicted an increase of 1.9% and a decrease of 18.3%. Forex traders can compare this to Japanese Machine Orders for June,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Nearly the whole squadron of Boeing 787 Dreamliners may be subject to quality control inspections by the American aviation regulators. Because of this news. Boeing shares have fallen in price. Individual sections of the rear fuselage, manufactured at a plant in South Carolina, did not meet Boeing's own design and manufacturing standards, as per a Federal Aviation Administration note published in The Wall Street Journal. Also, the FAA inspection is currently underway at the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for September increased by 18.0% monthly to 93.8. Forex traders can compare this to Australian Westpac Consumer Confidence for August, which decreased by 9.5% monthly to 79.5. Australian Home Loans for July increased by 10.7% monthly, and Investment Lending for Homes increased by 3.5% monthly. Forex traders can compare this to Australian Home Loans for June, which increased by 5.5% monthly, and to Investment Lending for Homes, which...
Source: PaxForex Premium Analytics Portal, Fundamental Insight J.P. Morgan analyst Stephen Tusa has, in recent years, been the most ardent advocate that General Electric shares should not be bought. He foresaw numerous GE mistakes, regularly pushing the bank's clients to sell GE shares. When his forecasts were accurate, Tusa was widely recognized by investors, and his analytical notes started to induce large fluctuations in the price of GE shares. Lately, Tusa became even more pessimistic concerning GE. He previously had the lowest...
