Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a decrease of 7.6% and 27.2% annualized. Forex traders can compare this to the Japanese GDP for the first quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Private Consumption for the second quarter decreased by 8.2% quarterly, preliminary Capital Expenditure decreased by 1.50% quarterly, and preliminary External Demand...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla shares on Wednesday got a boost after it was announced that the electric car maker would split its shares later this month. The shareholders will receive five new shares for each of their own. The total value of these shares will be equal to the value of pre-split shares. Wouldn't it be better for investors to buy these growing shares now? In the end, after the 5-to-1 split, Tesla shares will be more accessible to many investors. Today's shares are traded at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Gold retreated from a new all-time high as profit-taking dropped price action back below the $2,000 level. Optimism over Covid-19 vaccines assisted the sell-off, but more government assistance out of the US and the additional debt load keeps demand elevated. Central banks have printed money to combat the pandemic, devaluating their currencies, driving risk-averse traders into the safety of gold. Since it is priced in US Dollars, weakness in the currency adds to upside momentum...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors bought a lot of Home Depot shares, which caused some good growth. Although economic conditions in the U.S. suggest a difficult sales period for the company, Wall Street is more focused on the rapidly growing demand for housing improvement projects. At the same time, the recession caused by shrinking jobs and falling incomes can only be temporary. This optimism will be tested when the retailer announces its earnings results for the second fiscal quarter on Tuesday,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Employment Change for July was reported at 114.7K. Economists predicted a figure of 40.0K. Forex traders can compare this to the Australian Employment Change for June, reported at 210.8K. The Unemployment Rate for July was reported at 7.5%. Economists predicted a reading of 7.8%. Forex traders can compare this to the Unemployment Rate for June, reported at 7.4%. 43.5K Full-Time Positions and 71.2K Part-Time Positions were created in July. Forex traders can...
