Source: PaxForex Premium Analytics Portal, Fundamental Insight Litecoin joined the massive sell-off across cryptocurrencies during July and August but was able to catch its footing. Volatility has decreased, but traders should not dismiss it or confuse it with a lack of upside potential. Meme coins continue dominating social media, while Bitcoin and Ethereum corner the attention span of first-generation projects, with Ripple and its SEC victory providing an occasional wave of excitement. It allowed Litecoin to expand in the shadows as it...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past five years, Tesla has been on an incredible trajectory. The company's shares in the electric vehicle (EV) sector have skyrocketed by a remarkable 1,263%, far surpassing the S&P 500's modest 54% return during the same period. While Tesla currently faces immediate challenges due to intensifying competition and industry price battles, its future prospects may shine even brighter than its past achievements. Let's delve deeper into what the next five...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Spanish GDP for the second quarter increased 0.5% quarterly and 2.2% annualized. Economists predicted an increase of 0.4% and 1.8%. Forex traders can compare this to the Spanish GDP for the first quarter, which increased 0.6% quarterly and 4.2% annualized. The Preliminary French HCOB Manufacturing PMI for September is predicted at 46.0, the Preliminary French HCOB Services PMI at 46.0, and the Preliminary French HCOB Composite PMI at 46.0. Forex traders can compare...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It's highly likely that you interact with one of Alphabet's products or services on a daily basis. This tech giant has become an integral part of our lives, and its long-term success may have been somewhat taken for granted by many investors. While the stock has delivered solid returns, it's currently trading 8% below its all-time high. Is this dip an opportunity to acquire shares of one of the best businesses at a slight discount from its peak price? Let's...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Public Sector Net Borrowing for August came in at -£10.760B and UK Public Sector Net Cash Requirements at £2.468B. Economists predicted a reading of -£9.800B and £1.602B. Forex traders can compare this to UK Public Sector Net Borrowing for July, reported at £1.200B, and UK Public Sector Net Cash Requirements at -£7.543B. The Bank of England is predicted to increase interest rates by 25 basis points from 5.25% to 5.50%, which would mark the...