Source: PaxForex Premium Analytics Portal, Fundamental Insight Social media companies have had a great year due to the fact that the "stay-at-home" trend has boosted activity and engagement on their platforms. But the situation is changing, and life is slowly returning to normal, so it may well be that the most successful times are behind for some of these technology companies. Twitter offered incredibly optimistic guidance for early 2021, announcing plans to nearly double its 2020 annual revenue by the end of 2023, but its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Litecoin, which established itself as the silver standard to Bitcoin, often referred to as digital gold, dropped out of the Top 10 cryptocurrencies by market cap in more than a decade. Price action is now holding just above the psychologically relevant $100 level, but despite its massive correction, Litecoin is up 8% in 2021. While it is nothing to get excited about in the cryptocurrency sector, and selling pressure remains on most assets in the space, patient investors have an...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alibaba is probably China's best-known technology business. It can boast of its biggest online marketplaces in the country, Taobao and Tmall, as well as the largest cloud infrastructure platform, Alibaba Cloud. Alibaba went public in 2014 and became one of the fastest-growing companies for the next six years. The initial share price was $88 a share, trading started at $92.70, and hit an all-time high of $319.32 last autumn. After that, Alibaba has lost more than 30% of its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Eurozone CPI for June is predicted to increase 0.3% monthly and 1.9% annualized. Forex traders can compare this to the Eurozone CPI for May, which increased 0.3% monthly and 2.0% annualized. The Eurozone Core CPI for June is predicted to increase 0.3% monthly and 0.9% annualized. Forex traders can compare this to the Eurozone Core CPI for May, which increased 0.2% monthly and 1.0% annualized. The Eurozone Harmonized Core CPI for June is predicted to increase 0.3% monthly and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After a significant period of halted orders for most of 2019 and 2020, Boeing has finally begun receiving new orders for the 737 MAX in 2021. Last month, the U.S. aerospace giant received its largest-ever order for a 737 MAX, as United Airlines ordered another 200 units of the notorious aircraft. Unluckily, other customers keep cutting their orders for the 737 MAX, not letting Boeing make much headway in rebuilding its order book. Moreover, the company recently discovered...
