Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla is set to hold a second stock split the day after tomorrow. Shareholders approved the 3-to-1 split at the company's annual meeting this month. If you don't know what a stock split is, below is information on how it happens so you can determine your expectations. Big tech companies are leading the way in split news this year. Amazon held its first 20-to-1 stock split since the dot-com boom on June 3. E-commerce giant Shopify held a 10-for-1 split of its common...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders will have a quiet start to the trading week from an economic calendar perspective. The Peoples Bank of China lowered interest rates again after it surprised markets with a rate cut last week. It attempts to pump liquidity into the financial system to stem the further deterioration in its property sector. While policymakers communicated to markets that they are ready to act, and the government has ample cash resources to deploy, it is unlikely to result in a meaningful...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With a market capitalization of $2.8 trillion, some investors may have a hard time realizing that Apple stock could be a good buy today. But investors may change their minds after scrutinizing the company's underlying cash flow relative to this valuation, as well as Apple's growth opportunities. While investors will want to do their own due diligence before buying the stock, here are some eye-opening points about the company that will make it easier for you to get...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for July came in at NZ$1,092M monthly and at -NZ$11,640M annualized. Forex traders can compare this to the New Zealand Trade Balance for June, reported at -NZ$1,102M monthly and -NZ$10,940M annualized. Exports for July came in at NZ$6.68B and Imports at NZ$7.77B. Forex traders can compare this to Exports for June, reported at NZ$6.27B, and Imports, reported at NZ$7.38B. UK Retail Sales for July are predicted to decrease 0.2% monthly and 3.3%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin finally crossed the $25,000 barrier, reversing some of its recent losses. According to CoinMarketCap, it briefly peaked at $25,135, a level we haven't seen since mid-June. Bitcoin closed that day up about 20% from the previous month, leading some analysts to hope that the worst for the crypto market is over. There are several factors contributing to the recent rise in bitcoin prices. Market sentiment, a key factor in cryptocurrency markets, hasn't been this...