Source: PaxForex Premium Analytics Portal, Fundamental Insight One of the fastest-growing stocks on the market today is Tesla. The company is difficult to analyze because it is not possible to evaluate the company's finances. At any given moment it seems that Tesla electric cars can simultaneously ruin expectations, miss deadlines, lose money, and gain market share. The first thing to do when assessing an automobile company's financial performance is to look at its estimates - such as value for money - and compare them with...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US PPI for June is predicted to increase by 0.4% monthly and to decrease by 0.2% annualized. Forex traders can compare this to the US PPI for May, which increased by 0.4% monthly, and which decreased by 0.8% annualized. The US Core PPI for June is predicted to increase by 0.1% monthly and by 0.4% annualized. Forex traders can compare this to the US Core PPI for May, which decreased by 0.1% monthly, and which increased by 0.3% annualized. The Canadian Employment Report for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel was lately caught in the crossfire of a trade war when the US Department of Defense included Chinese technology giant Inspur to its "organization list" of firms with close ties to the Chinese government. According to Gartner, in the first quarter of 2020, Inspur controlled almost 37.6% of the Chinese server market, and in 2019 it allocated 17.9 billion yuan ($2.5 billion) on Intel parts. That represents about 12.5% of Intel's revenue in China. Intel...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand ANZ Business Confidence for July was reported at -29.8. Forex traders can compare this to the New Zealand ANZ Business Confidence for June, reported at -34.4. The Chinese PPI for June decreased by 3.0% annualized, and the Chinese CPI increased by 2.5% annualized. Economists predicted a decrease of 3.2% and an increase of 2.5%. Forex traders can compare this to the Chinese PPI for May, which decreased by 3.7% annualized and to the Chinese CPI, which increased by...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With Bitcoin’s average true range (ATR) hovering just above 2020 lows, trading volumes collapses by almost 50% in June. The low volatility environment is expected to compress volume further, exposing BTC/USD to volatile price action moving forward. On the bright side, a new report suggests that in less than eight years, retail demand will outstrip supply, which would pressure prices higher. With the long-term outlook bullish, near-term selling could create new buying...