Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla's recent quarterly production and delivery update demonstrate the company's continued strong performance. During the second quarter, they produced close to 480,000 electric vehicles (EVs), and their deliveries surged by an impressive 83% compared to the previous year. As a result of these positive developments, analysts have increased their share price targets and earnings estimates for Tesla. However, it's worth noting that the stock has already more than...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The advanced Singapore GDP for the second quarter rose by 0.3% quarterly and 0.7% annualized. Economists predicted a rise of 0.3% and 0.6%. Forex traders can compare this to the Singapore GDP for the first quarter, which decreased by 0.4% quarterly and expanded by 0.4% annualized. The US Import Price Index for June is predicted to decrease by 0.1% monthly and 3.6% annualized. Forex traders can compare this to the US Import Price Index for May, which contracted 0.6% monthly and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight During the first half of 2023, Ethereum stood out as one of the top-performing cryptocurrencies in the market. Year-to-date, Ethereum has experienced a 55% increase and was recently trading at $1,865. However, Ethereum has recently faced challenges in surpassing the $2,000 price level, similar to Bitcoin's struggle to break through the $30,000 mark. This uncertainty reflects the mixed sentiments among crypto investors regarding the future of financial markets, potentially...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for June came in at 47.5. Economists predicted a reading of 49.8. Forex traders can compare this to the New Zealand Business PMI for May, reported at 48.9. New Zealand Electronic Retail Card Spending for June rose by 1.0% monthly and 4.2% annualized. Economists predicted a decrease of 0.2% and an increase of 9.9%. Forex traders can compare this to New Zealand Electronic Retail Card Spending for May, which dropped by 1.7% monthly and expanded by 3.3...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Since late 2020, Alibaba has been experiencing underperformance triggered by the blocking of Ant Group's IPO, its financial arm, following disrespectful remarks made by founder Jack Ma towards Chinese financial officials. Despite witnessing a decline of over 70% from its peak, the company's stock continued to trail behind the market during the first half of 2023 due to sluggish growth caused by macroeconomic challenges in China, even as the country shifted away from its...