Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot sales have increased dramatically in the past few years as consumers have become much more focused on the condition of their homes. With the onset of the coronavirus pandemic, this trend intensified as many were forced to maintain a social distance and ended up spending more time at home. It caused many to pay attention to things that needed to be fixed or improved. For others, the home began to replace the gym, office, and school, and they realized they needed to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore Trade Balance for April was reported at $5.685B. Forex traders can compare this to the Singapore Balance for March, reported at $5.610B. Non-Oil Exports for April decreased by 8.8% monthly and increased by 6.0% annualized. Forex traders can compare this to Non-Oil Exports for March, which increased by 1.1% monthly and 11.9% annualized. The US Empire Manufacturing Index for May is predicted at 23.9. Forex traders can compare this to the US Empire...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Pfizer is one of the world's best-known pharmaceutical companies, but it does not imply that all market participants have a clear idea of what makes it a strong competitor. Indeed, in particular, as a result of the hype surrounding the incredibly rapid development of a coronavirus vaccine, many investors have unrealistic expectations for the company's stock. In contrast, the smartest investors have a very different view of Pfizer, thanks to their knowledge of where the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin dropped to lows not seen since March 1st, 2021. Many traders may want to rush and buy the dip, but they should remain cautious, as more short-term downside is likely. The US Justice Department and the US Internal Revenue Service announced probes into US citizens involved with Chinese-based cryptocurrency powerhouse Binance. Elon Musk also had a change of heart and announced Tesla would no longer accept Bitcoin as a payment method. It comes only weeks after he announced...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of Twitter dropped more than 20 percent after the latest earnings report was released as investors reacted to its first-quarter results. Although the company marginally beat analysts' estimates, results in key metrics such as revenue and growth in monetizable daily active users (mDAUs) were not strong. Earlier this year, Twitter said it plans to double revenues of $3.7 billion in 2020 to $7.5 billion a year by the end of 2023 and increase monetizable users by...
