Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of Bank of America have performed well recently, rising 30% over the past six months as of May 21, outpacing the S&P 500. This surge might reflect investor optimism about potential interest rate declines, which could boost lending growth for the bank. Given the positive market sentiment, is now the right time to invest in this leading bank stock? Bank of America's vast scale is significant, generating $99 billion in revenue (net of interest expense) in 2023 and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German IFO Business Climate Index for May is predicted at 90.4, the German IFO Current Assessment Index at 89.9, and the German IFO Expectations Index at 90.5. Forex traders can compare this to the German IFO Business Climate Index for April, reported at 89.4, the German IFO Current Assessment Index at 88.9, and the German IFO Expectations Index at 89.9. The new trading week will start slowly, with the UK closed for a bank holiday and the US closed for a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrencies are undeniably enticing but come with significant risks. While the blockchain technology behind these digital assets is revolutionary and has the potential to reshape the financial sector, their future role remains uncertain and somewhat unclear. However, there is one cryptocurrency that stands out for providing investors with the safest exposure to the potential of the cryptocurrency market: Bitcoin. Here’s why it makes sense to invest heavily in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Preliminary Durable Goods Orders for April are predicted to drop by 0.9% monthly, and Durables Excluding Transportation to expand by 0.1% monthly. Forex traders can compare this to US Durable Goods Orders for March, which rose by 2.6% monthly, and Durables Excluding Transportation, which increased by 0.2% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for April are predicted to expand by 0.1% monthly. Forex traders can...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon has had an impressive performance this year, with its stock rising over 20%. However, many believe this is just the beginning of a much larger upward trend. Amazon's business model is undergoing a transformation that investors have never witnessed before, and this is fantastic news. Here are three key insights about Amazon that investors should be aware of. While there are numerous reasons to be interested in Amazon stock, these points make a compelling case to buy...