Source: PaxForex Premium Analytics Portal, Fundamental Insight Financial markets finished last week on a positive note, as bargain hunters stepped in and added positions to their long-term portfolios. Traders should exercise extreme caution, as this bear market rally shows signs of exhaustion. Today’s trading session is light on economic data, with US durable goods orders and pending home sales the only market-moving releases. China reported weak industrial profits for May with a year-to-date contraction. Weaker than expected US...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The electric vehicle (EV) market is struggling, as investors have shifted their focus away from growth stocks and are looking for safer places to put their money. But completely ignoring the electric car market could be a huge mistake, and ignoring Tesla's leadership in this segment could be a particularly bad decision. That's why Tesla stock is worth buying right now. While younger EV companies are still trying to figure out how to increase production, Tesla's...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet is one of the most closely watched technology companies in the world. Most people probably know that the company owns the world's most popular search engine, a mobile operating system (Android), a Web browser (Chrome), an email service (Gmail), and a streaming video platform (YouTube). They probably also know that the company gets most of its revenue from Google ads, and it shares a near duopoly in the digital advertising market with Meta Platforms in the U.S. and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Corporate Service Price Index for May increased by 1.8% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for April, which rose 1.7% annualized. The Japanese National CPI for May increased 0.2% monthly and 2.5% annualized. Forex traders can compare this to the Japanese National CPI for April, which rose 0.4% monthly and 2.5% annualized. The Japanese National Core CPI for May increased 0.8% monthly and 2.1% annualized. Forex...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The French Business Survey for June is predicted at 105. Forex traders can compare this to the French Business Survey for May, reported at 106. The Preliminary French Markit Manufacturing PMI for June is predicted at 54.0, the Preliminary French Markit Services PMI at 57.6, and the Preliminary French Markit Composite PMI at 56.0. Forex traders can compare this to the French Markit Manufacturing PMI for May, reported at 54.6, the French Markit Services PMI at 58.3, and the...
