Source: PaxForex Premium Analytics Portal, Fundamental Insight Wells Fargo (WFC) faced regulatory problems and the coronavirus crisis struck one more blow, causing Wells Fargo shares to fall sharply. With the economy just starting to improve, the risk that borrowers will not be able to service their loans is high, while interest rates and yield spreads are at record lows. Wells Fargo made a cent per share throughout the first quarter of 2020, with reserves of $3.1 billion and an impairment loss of $950 million, estimated on a profit basis...
Source: PaxForex Premium Analytics Portal, Fundamental Insight French non-arm payrolls for the first quarter increased by 2.0% quarterly. Economists predicted a decrease of 2.3%. Forex traders can compare this to French non-arm payrolls for the fourth quarter, which increased by 0.4% quarterly. Italian Industrial Production for April decreased by 19.1% monthly and by 42.5% annualized. Economists predicted a decrease if 24.0% and 40.0% Forex traders can compare this to Italian Industrial Production for March, which decreased by 28.4%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin will go up in price to $150,000, Simon Dadick, co-founder and managing partner of Blockfyre startup, said in his Twitter account. According to him, in 2017 it was possible to multiply the capital by buying any altcoin. It won't happen again, but the most famous cryptocurrencies, such as BTC or Ethereum, will still show multiple growths. Many in the crypto industry have predicted a significant rise in bitcoin prices. For example, Blockstream head Adam Back...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for June increased by 6.3% monthly to 93.7. Forex traders can compare this to Australian Westpac Consumer Confidence for May, which increased by 16.4% monthly to 88.1. Australian Home Loans for April decreased by 4.4% monthly, and Investment Lending decreased by 4.2% monthly. Forex traders can compare this to Australian Home Loans for March, which decreased by 1.0% monthly, and to Investment Lending, which decreased by 3.9%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The icon of American Production General Electric took off in 2019 after the income of the last few years. But after a strong start in 2020, stocks reached their lowest level since the 2008 financial crisis, before recovering some segments of the company. The crisis caused by COVID-19 has a huge negative impact on the business of the industrial giant, including jet engines and gas turbines. But GE Healthcare is holding up well enough. In terms of key earnings and...