Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon has proven that it can deliver returns to investors over time. Over the past decade, the retail giant's stock has risen more than 800 percent, to more than $3,000 last year. Meanwhile, the company's revenues and profits have grown by billions of dollars. And key metrics such as free cash flow and return on invested capital have grown over time. Since the beginning of the year, however, Amazon's stock performance has declined. The stock has lost about 37%....
Source: PaxForex Premium Analytics Portal, Fundamental Insight One of the most dominant companies in the world, Alphabet owns the Google search engine, the YouTube video platform, and the Android operating system. Despite no slowdown in business activity, Alphabet stock is down more than 20% from its all-time high, and now seems like a good time to buy the stock. Investors may be worried that the recession will affect Alphabet, but the words "recession" and "slow" weren't even mentioned in the company's latest...
Source: PaxForex Premium Analytics Portal, Fundamental Insight All eyes are on the US Federal Reserve, where a growing number of economists and analysts predict a 75 basis point interest rate hike versus the 50 basis point increase communicated by the central bank. Inflation remains red-hot and appears to anchor itself for the long run. The US Federal Reserve lost all credibility after labeling inflation transitory last year, claiming it was related to Covid-19 related lockdowns. It failed again to realize it created inflation with its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Jobless Claims Change for May came in at -19.7K. Economists predicted a figure of -49.4K. Forex traders can compare this to the UK Jobless Claims Change for April, reported at -65.5K. The UK Employment Change for the tri-monthly period ending in April came in at 177K and the ILO Unemployment Rate at 3.8%. Economists predicted a reading of 105K and 3.6%. Forex traders can compare this to the UK Employment Change for March, reported at 83K, and to the ILO Unemployment Rate...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Crypto investors woke up yesterday morning to more bad news after a rough weekend for the industry. Bitcoin fell below $23,000, down more than 18% in 24 hours and nearly 25% in the past seven days, according to CoinGecko. Other altcoins fell even more, with Ethereum (ETH) and Solana (SOL) falling more than 30% in the past week. Bitcoin has held around the $29,000 to $30,000 mark over the past month, so yesterday's drop marked a significant downside reversal. Indeed, it...
