Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for November was reported at -3.1. Economists predicted a figure of -2.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for October, reported at -1.7. The French Business Survey for October was reported at 93. Economists predicted a level of 96. Forex traders can compare this to the French Business Survey for September, reported at 94. Advanced Eurozone Consumer Confidence for October is predicted at -15.0...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chevron is increasing its presence in the Permian oil and gas-bearing basin, while oil production is weakening. So should we consider Chevron shares as a buy? Let's take a look at the earnings and the CVX stock chart. Chevron is the last oil company in the Dow Jones Industrial Index since Exxon Mobil's adversary was "expelled" in late August, after more than 90 years on the key index. But while Chevron will remain a "blue chip," the replacement of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Covid-19 continues to put pressure on the global health system, international trade, and the global economy as a whole. Many growth forecasts for 2021 are being revised lower, and GDP is not anticipated to make a full recovery to pre-pandemic levels until mid-2022. With the second wave of infection more violent than before, more negative revisions and economic disappointments over the winter months should be expected. Despite some encouraging progress during the third quarter...
Litecoin unveiled a partnership with smart contract platform Cardano and a proposed velvet fork. It will unlock new functions and add cross-chain communications, smart contract capabilities, and improved scalability to Litecoin, which is currently the tenth largest cryptocurrency. A velvet fork upgrade does not require consensus as it will upgrade the code of the cryptocurrency but is neither a hard nor a soft work. Miners will be able to continue operations as before, regardless if they decide to upgrade or not. While Litecoin appears...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tomorrow Tesla will introduce its earnings report on the results of the third quarter. After the announcement of record shipments in the third quarter, expectations for the financial performance of the electric car manufacturer for this period are high. Moreover, the rapid growth in share prices last year has raised the odds that Tesla will continue to grow rapidly. Will the carmaker be able to withstand this excitement? In anticipation of the report, some investors may be...
