Source: PaxForex Premium Analytics Portal, Fundamental Insight The global economy remains under pressure from the second wave of the Covid-19 pandemic. Yesterday’s signing by fifteen countries of the Regional Comprehensive Economic Partnership (RCEP) added a minor confidence boost to the long-term outlook. It took nine years, thirty-one rounds of negotiations, eight ministerial meetings, and elven inter-session meetings. It created the world’s largest trading bloc, surpassing that of the EU and the trade pact between Canada,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot sales are increasing, but this does not mean that the company's shares automatically become a "buy". A home improvement retailer benefits significantly from the fact that consumers are less able to spend their income. Shares have already grown 26% a year, so perhaps a recent jump in stock would draw attention to their current price. And there is a risk that for all the housing improvement costs that consumers have made during the pandemic, there will be...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil has made it a priority to maintain dividends, while oil prices remain low. Is it worth buying Exxon shares now? Let's take a look at the company reports and the market situation in general. On October 30, Exxon reported a loss of 18 cents per share in the 3rd quarter against a profit of 68 cents per share in the corresponding quarter last year. Wall Street expected a loss of 28 cents per share. Revenue fell 29 percent to $46.2 billion, down from a projected $49.5...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin has been racing higher together with equity markets amid economic optimism and more widespread adoption. After PayPal added support for Bitcoin purchases, several software companies buying Bitcoin as a store of value, and a Chinese bank selling $3 billion worth of bonds, Bitcoin appears to have turned the corner. While the long-term outlook does remain bullish, traders should expect a short-term pullback due to extreme overbought conditions. The CCI has trended lower...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The annual shopping event of Singles Day from Alibaba had high expectations, and the company did not disappoint with its sales of about 74 billion U.S. dollars. It is almost twice as much as last year's 38.4 billion dollars. But the threat of increased regulatory control has burdened Alibaba shares, and this week's shares fell by 10%. The company is 15 percent off its recent high, and the stock looks like it's on sale, but does that make buying BABA shares right now...
