Source: PaxForex Premium Analytics Portal, Fundamental Insight The past five years have been tough for Intel, the world's largest maker of x86 processors for PCs and data centers. It has underperformed Taiwan Semiconductor Manufacturing Company and Samsung in the "technology race" to produce smaller, more high-level chips, and persistent lags and chip shortages have ended in a huge loss of market to AMD. INTC has also rejected the mobile market, ceasing production of chips for smartphones and baseband modems, and made...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft released its fourth-quarter results on July 27. The company's revenue rose 21% year over year to $46.2 billion, beating forecasts by $1.9 billion, and earnings rose 49% to $2.17 per share, beating expectations by $0.25. Commercial cloud revenue - which comes primarily from Microsoft 365 (formerly Office 365), LinkedIn, Dynamics CRM, and the Azure cloud infrastructure platform - rose 36% from a year ago to $19.5 billion. That represents an acceleration from the 33...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After Bitcoin entered a counter-trend rally following its breakdown below the psychologically important support level of 30,000, bullish momentum is once again weakening. The rally was inspired after reports suggested Amazon plans to accept Bitcoin payments. Amazon was quick to respond that while interest in cryptocurrencies and the underlying Blockchain technology exists, it will not be until at least 2022 until it would consider it. Traders should prepare for more weakness and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon's stock price fell almost 8% on July 30 after the company released its second-quarter earnings report. The company's revenue growth did not meet analysts' expectations, and the company reported a lower-than-expected earnings outlook for the third quarter. Amazon's fall weighed on other e-commerce and cloud stocks, as the company is considered an indicator of both markets. Many Wall Street analysts have also quickly decreased their price targets on the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for June decreased 6.7% monthly, and Private House Approvals decreased 11.8% annualized. Forex traders can compare this to Australian Building Approvals for May, which decreased 7.6% monthly, and to Private House Approvals, which decreased 10.3% annualized. Australian Home Loans for June decreased 2.5% monthly, and Investment Lending for Homes increased 0.7% monthly. Forex traders can compare this to Australian Home Loans for May, which increased 1...
