Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past few months, Tesla stock has lost about 30% of its value. Over the course of the year, they have fallen more than 40 percent. The share price pullback has probably made many investors wonder whether now is the right time to buy the electric car maker's stock. After all, even though the stock has fallen, the company's core business is growing rapidly. Perhaps Tesla's fundamentals have recently caught up with its stock price. Is growth stock valuation...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The fallout from the FTX collapse, where it appears the founder and former CEO Bankman-Fried embezzled funds and defrauded clients, continues to cause ripple effects across the cryptocurrency industry. Worries about the health of Crypto.com emerged, and others have called for contagion to result in more failed projects and companies across the sector. Litecoin managed to buck the trend and provided a rare spot of bullishness. While the LTC/USD trading volume has declined, it...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore Trade Balance for October came in at $4.071B. Forex traders can compare this to the Singapore Balance for September, reported at $5.783B. Non-Oil Exports for October decreased by 3.7% monthly and 5.6% annualized. Economists predicted a drop of 2.3% and 0.6%. Forex traders can compare this to Non-Oil Exports for September, which contracted 3.9% monthly and expanded by 3.1% annualized. US Housing Starts for October are predicted at 1,410K starts, and Building...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As the saying goes, you can't have one without the other. A rally in gold is necessarily accompanied by a sell-off in the U.S. dollar and/or bonds. For the price of this precious metal to keep rising, either the dollar or bond yields would need to fall at the very least. However, this has not always been the case. Twenty years ago geopolitical catalysts such as the events in Ukraine or the conflict in the Middle East would have been enough to send gold prices soaring...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Facebook's parent company, Meta Platforms, reported Q3 earnings in late October, and shares fell more than 24% on the news. The stock is down 67% so far this year, much worse than the S&P 500's 17.5% decline over the same time period. Investors were disappointed by a big drop in third-quarter earnings and the social media company's forecast of Q4 revenue decline amid weak advertising and rising costs in fiscal 2023. The Reality Labs segment spends billions of...
