Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Japanese Manufacturing PMI for December came in at 54.3. Economists predicted a figure of 54.2. Forex traders can compare this to the Japanese Manufacturing PMI for November, reported at 54.5. UK Net Consumer Credit for November is predicted at £0.800B, and Net Mortgage Lending is predicted at £3.550B. Forex traders can compare this to UK Net Consumer Credit for October, reported at £0.706B, and Net Mortgage Lending reported at £1.607B.UK...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, Wedbush analyst Dan Ives issued a bullish assessment of Tesla stock. In his commentary in support of his 12-month $1,400 price target for the company's stock, he stated that several catalysts could lead to significant growth in the stock next year. Stressing how well the analyst thinks things could work out for the company in the best-case scenario, his most bullish option for the stock suggests a huge 12-month price target of $1,800, which represents about 65%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Spanish Markit Manufacturing PMI for December is predicted at 56.2. Forex traders can compare this to the Spanish Markit Manufacturing PMI for November, reported at 57.1. The Italian Markit/ADACI Manufacturing PMI for December is predicted at 61.5. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for November, reported at 62.8. The Final French Markit Manufacturing PMI for December is predicted at 54.9. Forex traders can compare this to the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past few weeks, the market has seen a significant sell-off in many growth stocks. These sell-offs have been boosted by numerous factors, including slowing growth in company stocks, lingering concerns about inflation and tax collection. As a result, valuation multiples have shrunk, making it harder for investors to determine which stocks are worth considering in 2022. Apple stock is up almost 40% year-to-date, well above the S&P 500's 28% return. But as demand...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin, with Ethereum and Dogecoin, continue to correct as capital flees to cryptocurrencies with fewer problems and greater upside potential. Since early November, Bitcoin has lost over $17,000, and it entered a bear market as of two weeks ago. The definition of a bear market is a retreat of 20%+ from its peak. Bitcoin dropped nearly 27% over the past seven weeks. The 40,000 psychological support level may act as a magnet and attract price action amid institutional...
