Source: PaxForex Premium Analytics Portal, Fundamental Insight The dot-com crisis was like a famous game of musical chairs, leaving many technology businesses without a seat. Some of those that somehow managed to survive, like Microsoft and Amazon, went on to conquer their industries and are now some of the biggest names in the market. But there is another group of technology companies that weathered the storm and are still leading their industries, but their stock prices never reached the peak of the dot-com success. Intel, for example,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Most Asian markets were closed in observance of the Chinese Lunar New Year, the Year of the (Wood) Rabbit. The impact on European and US markets will be less severe than on its Asian counterparts, as the fourth quarter earnings season will gather momentum. Companies who reported last week confirmed a deteriorating earnings picture as inflation provided a significant headwind while central banks increased interest rates. Both trends should continue during the first quarter of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With 2022 behind us, it is time to analyze the year's results and identify the winners and losers. As for the winners, it is tempting to assume that, because stocks outperformed significantly last year, they are likely to underperform in the long run. This is because the underperforming sectors are likely to catch up, while the underperforming sectors will give up some ground. But sometimes the opposite happens: some winners continue to win in the long run. One winner that...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for December came in at 47.2. Forex traders can compare this to the New Zealand Business PMI for November, reported at 47.4. New Zealand Permanent/Long-Term Migration for November came in at 6,110. Forex traders can compare this to Permanent/Long-Term Migration for October, reported at 3,857. External Migration & Visitors for November increased by 4,257.0% monthly. Forex traders can compare this to External Migration & Visitors for October,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil recently reiterated its intentions to proceed with its fifth offshore oil project off the coast of Guyana. The suggested offshore project will cost 27% more than the previous one. The first batch of oil will be produced in 2027, after which production should continue at a steady pace for two decades. For XOM and its partners, Hess and CNOOC, this large-scale venture represents a bold bet for the future of the oil market. Here's a closer look at ExxonMobil's...