Source: PaxForex Premium Analytics Portal, Technical Insight Bitcoin has recently made headlines again with a price surge exceeding 10% this month. While it often captures the spotlight, XRP is another cryptocurrency that has been around for years and offers a unique opportunity in the crypto landscape. XRP, the operational token of RippleNet, enables fast, low-cost cross-border money transfers, making it distinct from Bitcoin. Trading at just over $0.50, XRP remains significantly below its peak price of $2.70. This price point raises the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for September increased by 4.4% monthly, and Private House Approvals rose by 2.2% monthly. Forex traders can compare this to Australian Building Approvals for August, which dropped 3.9% monthly, and Private House Approvals, which expanded 2.3% monthly. The Australian Trade Balance for September came in at A$4,609M. Economists predicted a figure of A$5.240M. Forex traders can compare this to the Australian Trade Balance for August, reported at A$5,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In a market driven by AI advancements, Intel has been a surprising underperformer in the semiconductor industry this year. Unlike AI-centric chip companies like Nvidia, which have seen significant gains, Intel's stock has dropped by over 50% in 2024. To make matters worse, Intel was recently removed from the Dow Jones Industrial Average, replaced by Nvidia. Facing a challenging PC market, revenue drops, and a drawn-out process of transitioning to a third-party foundry model...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, Microsoft experienced a 6.1% decline, marking its steepest drop since October 26, 2022, when it fell by 7.7%. Despite a 1% gain on Friday, the stock has risen less than 8% year to date (YTD), significantly underperforming the S&P 500's 20.1% YTD growth. Here’s why Microsoft’s strong financial results didn't satisfy investors but why it still holds potential as a growth stock. Compared to the same quarter in the previous fiscal year, Microsoft...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final UK S&P Global/CIPS Services PMI for October is predicted at 51.8, and the Final UK S&P Global/CIPS Composite PMI at 51.7. Forex traders can compare this to the UK S&P Global/CIPS Services PMI for September, reported at 52.4, and the UK S&P Global/CIPS Composite PMI at 52.6. The US Trade Balance for September is predicted at -$83.80B. Forex traders can compare this to the US Trade Balance for August, reported at -$70.40B. The Final US S&P Global...
