Source: PaxForex Premium Analytics Portal, Fundamental Insight Given the Easter weekend, trading volumes across all financial instruments will be thin, which could magnify moves in price action. Today’s US March NFP report could provide a catalyst for the US Dollar, which may move cryptocurrencies around during the session, especially if the report disappoints like the ADP report on Wednesday. The US NFP Report for March is predicted to show 239K job additions and an unemployment rate of 3.6%. Forex traders can compare this to the US...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil | Fundamental Analysis The process of investing is quite complex, and while it would be nice to say that stocks are a "screaming buy," these situations don't actually occur very often. So what should we do with leading energy stocks like ExxonMobil today? Let's analyze whether it's worth buying, selling, or holding. Exxon is one of the largest integrated energy companies on the planet, with a market capitalization of $470 billion. Its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight A lot has changed for Meta Platforms over the past few years, and some things have changed dramatically. In 2018, the company was still known as Facebook, and it had serious problems with its reputation caused by numerous data leakage incidents. The social media company was somewhat successful in trying to evade these problems; perhaps that's why the name change took place. Now, however, Meta Platforms is dealing with problems of a completely different kind. How will the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Challenger Job Cuts for March are predicted at 65,000, up 148.0% year-over-year. Forex traders can compare this to US Challenger Job Cuts for February, which came in at 77,770, up 410.1% year-over-year. US Initial Jobless Claims for the week of April 1st are predicted at 200K, and US Continuing Claims for the week of March 25th at 1,699K. Forex traders can compare this to US Initial Jobless Claims for the week of March 25th, reported at 198K, and US Continuing Claims for the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Macroeconomic factors last year led to a market decline that affected many tech stocks, and Amazon stock fell nearly 50 percent during the year. The company was hit by a significant e-commerce crisis and fluctuations in foreign currencies. Despite a tough year, Amazon remains a dominant force in the tech industry, ranking fifth in the world by market capitalization at $1.05 trillion. The company may not yet be completely out of the e-commerce world, but its strong position in...