Source: PaxForex Premium Analytics Portal, Fundamental Insight Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some time. GreenSky currently serves a $9 billion loan portfolio and has served about 4 million consumers with...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook. The UK Markit/CIPS Manufacturing PMI for September is predicted at 59.0. Forex traders can compare this to the UK Markit/CIPS Manufacturing...
Source: PaxForex Premium Analytics Portal, Fundamental Insight At first glance, it's not even a competition. Not only has the e-commerce behemoth Amazon's stock outperformed that of rival Walmart in recent years but as of last month -- as per the figures obtained by The New York Times -- people are now spending more on Amazon than on more traditional retailers. Obviously, the pandemic has been a real blessing for online retailer. Nevertheless, if you think this is another obvious hint that nothing can get in the way of Amazon, you...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After cryptocurrencies plunged by a broader margin than other assets, some traders may bottom fish the Top 10 cryptocurrencies. The risk remains to the downside as the global risk-off sentiment that accelerated in September is set to continue, and the cryptocurrency market ranks among the most vulnerable ones. Bitcoin has led the march lower, and traders should expect a sustained breakdown below 40,000 after price action dipped below it earlier today before a massive recovery...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boeing has started to regain order momentum in 2021 after two crises - the 737 MAX flight ban and the COVID-19 pandemic. In the first eight months of this year, the aerospace giant received 315 net orders for commercial aircraft. That is a welcome change after two years of negative net orders. However, Boeing continues to fight hard to produce aircraft reliably and pass them on to customers. That will cause the company to continue to squander cash and could jeopardize its...
