Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for October was reported at -1.6. Economists predicted a figure of -1.0. Forex traders can compare this to the German GfK Consumer Confidence Survey for September, reported at -1.7. The final Spanish GDP for the second quarter is predicted to decrease by 18.5% quarterly and by 22.1% annualized. Forex traders can compare this to the previous Spanish GDP for the second quarter, which decreased by 18.5% quarterly and by 22.1% annualized...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla made a huge leap after reporting second-quarter earnings, followed by a 5-to-1 split. After the split and recovery from the March low, is it worth buying Tesla shares now? The second-quarter earnings report was the fourth quarter of Tesla's profitability, which was necessary to be accepted into the S&P 500, as most investors anticipated. It was one of the explanations of why Tesla shares more than doubled since July 1. Also, Tesla shares got another boost after...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Global economic data suggests that the post-lockdown recovery has lost steam. Trade remains depressed, and high-frequency indicators suggest that consumers are slowing down, which will have a ripple effect throughout the business cycle. New daily Covid-19 infections have surpassed the previous peak in June in a growing number of countries, adding to a depressed outlook globally. With the US Federal Reserve guaranteeing US Dollar weakness, gold has more upside ahead, with a new...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As they say, there is nothing certain except death, taxes, and the fact that acquisitions of Cisco Systems will continue. The supporters of long positions, currently in the minority, are extremely positive about these deals. Let's take a look now at the current state of affairs of the company. The company aims to increase revenue from software and services and move away from its core business of selling network switches and routers. Some analysts shorting CSCO believe...
Source: PaxForex Premium Analytics Portal, Fundamental Insight This year Facebook has regained its reputation at FANG, by proving that all those who doubt are wrong. Facebook's second-quarter revenue beat Wall Street assessments. Sales increased by 11 percent over last year despite the pandemic that pushed the global economy into recession. Even additional pressure from a loud advertising boycott in July couldn't keep Facebook revenue from growing by 10% at the beginning of the third quarter. Now Facebook shares have one more worry...
