Source: PaxForex Premium Analytics Portal, Fundamental Insight One of the world's leading investment banks recently reported on one of its best quarters, and it trades below its tangible book value. It should tell investors everything they need to know when considering whether or not to buy Goldman Sachs shares now. The bank has all the necessary elements to thrive during the ongoing coronavirus pandemic and is positioning itself fairly confident in the future. Let's look at this issue in more detail. The outbreak of this year'...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It is quite logical that shareholders had every reason to anticipate outstanding third-quarter results from eBay. The online services market, more than any other, has been a major winner of the consumer and merchant transition to e-commerce, which has been significantly accelerated by the coronavirus pandemic in the first half of 2020. Last week eBay indicated that this spike in demand is holding back even the resumption of physical shopping around the world. The company is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US ADP Employment Change for October is predicted at 650K. Forex traders can compare this to the US ADP Employment Change for September, reported at 749K. The US Trade Balance for September is predicted at -$63.8B. Forex traders can compare this to the US Trade Balance for August, reported at -$67.1B. The US Final Markit Services PMI for October is predicted at 56.0, and the US Final Markit Composite PMI is predicted at 55.5. Forex traders can compare this to the US Markit...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon has a number of units that should ensure sustainable revenue and profit increase within the following few years as the coronavirus keeps powering online shopping. Today, with a third-quarter report trumping all expectations behind, are Amazon shares a worthy investment? The company has demonstrated impressive resilience to Covid-19. As the coronavirus spread - closing businesses and driving customers to stay home - Amazon was well-positioned to profit from changes in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian RBA cut interest rates by 0.15% to 0.10%. Economists predicted a cut to 0.10%. Forex traders can compare this to the previous Australian RBA Interest Rate Decision, where interest rates were left unchanged at 0.25%. US Factory Orders for September are predicted to increase by 1.0% monthly. Forex traders can compare this to US Factory Orders for August, which increased by 0.7% monthly. Forex traders will pay close attention to the US presidential election today...
