Tesla shares have more than doubled since the March decline caused by the COVID-19 pandemic, which shut down the production of electric vehicles in California. Now that the company has announced stronger-than-expected car shipments in the first quarter and plans to resume production this week, is Tesla a good investment idea? On Monday, Tesla shares soared in price, coinciding with the production recovery plan first announced by Bloomberg. The company will also report first-quarter profits on Wednesday. Concerns about the impact of...
UK CBI Reported Sales for April are predicted at -45, and CBI Total Distributed Reported Sales are predicted at -40. Forex traders can compare this to UK CBI Reported Sales for March, which were reported at -3 and to CBI Total Distributed Reported Sales, which were reported at 5. The US Advanced Goods Trade Balance for March is predicted at -$54.3B. Forex traders can compare this to the US Advanced Goods Trade Balance for February, which was reported at -$59.9B. The US S&P/Case-Shiller Composite 20 for February is predicted to increase...
The Fed, ECB, and Bank of Japan will meet this week to discuss monetary policy, due to the global economic crisis caused by restrictive measures to counter the spread of coronavirus. Investors are waiting for hints from officials to protect the economy from recession. Also, the focus will be on the US and EU GDP data for the first quarter, as well as the number of applications for unemployment benefits in the US. Fed meeting The first scheduled Fed meeting since January is scheduled to take place this week on Tuesday and Wednesday....
Although many stocks recovered sharply from the fall in stock markets due to the coronavirus in February and March, some are still well below their recent highs. One such share is Apple. Shares are traded at $276, which is about 16% below the February high. It is noteworthy that the company's shares are much higher than in mid-March. Did investors who were not active in trading miss an opportunity to buy shares of the technological giant? Or is Apple still attractive at this price? Take a close look at Apple shares - and why they remain...
The Mexican Economic Activity IGAE for February is predicted to decrease by 0.90% annualized. Forex traders can compare this to the Mexican Economic Activity IGAE for January, which decreased by 0.81% annualized. US Preliminary Durable Goods Orders for March are predicted to decrease by 12.0% monthly, and Durables Excluding Transportation are predicted to decrease by 5.8% monthly. Forex traders can compare this to US Durable Goods Orders for February, which increased by 1.2% monthly and to Durables Excluding Transportation, which decreased...