Source: PaxForex Premium Analytics Portal, Fundamental Insight When Satya Nadella assumed the role of CEO at Microsoft in 2014, the company's value stood at approximately $300 billion. Under Nadella's leadership, the tech giant experienced remarkable growth, tripling its value to reach $1 trillion in 2019 and subsequently doubling its market capitalization to $2 trillion in 2021. As of today, Microsoft is valued at $2.5 trillion. Considering this impressive trajectory, there is speculation that Microsoft could potentially become a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After a powerful start to 2023, following the rally in equity markets, the cryptocurrency sector stalled, and market cap leader Bitcoin collapsed nearly 7,000 points before creating a bull trap by rallying 2,000+ points. Price action faces numerous developments dotted across bullish and bearish camps, suggesting traders should brace for a volatile summer. The recent advance followed a similar pattern displayed in the past, where perma-bulls seek to hype Bitcoin with massive...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors in Amazon have faced a challenging period, as the company's stock experienced significant highs during the COVID-19 pandemic but then suffered a sharp decline in 2022 due to broader economic challenges. However, the current year has shown signs of recovery, with the stock increasing by approximately 50% since January 1st. Despite this progress, it still remains 47% below its peak price of $186, which was reached in July 2021. This disparity suggests that Amazon may...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Performance of Services Index for May came in at 53.3, and the New Zealand Performance of Composite Index at 50.8. Forex traders can compare this to the New Zealand Performance of Services Index for April, reported at 50.1, and the New Zealand Performance of Composite Index at 48.5. New Zealand RBNZ Offshore Holdings for May stood at 58.7%. Economists predicted a reading of 58.5%. Forex traders can compare this to New Zealand RBNZ Offshore Holdings for April,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In August 2018, Apple achieved a significant milestone by becoming the first publicly traded US company to reach a market capitalization of $1 trillion. Continuing its impressive growth, the company surpassed the $2 trillion mark in August 2020, followed by a groundbreaking achievement of reaching a $3 trillion market cap in January 2022. As of now, Apple's market capitalization remains close to the $3 trillion mark. The question arises: Can the company maintain its...