Forex Analysis by PaxForex

2021-03-15 12:09:23 Procter & Gamble | Fundamental Analysis

As you know, Procter & Gamble stock is currently one of the worst performers in the S&P 500 this year. The stock briefly dropped more than 10% in early March and is still down compared to the same period last year. The dynamics on a larger scale look even worse. P&G is up just 6% over the past year, compared to a 35% gain in the broader market.

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2021-03-15 12:01:36 GOLD/USD | Gold to US Dollar Trading Analysis

Investors injected into stocks while withdrawing money from gold and bonds in the week ended March 10, BofA data showed Friday. The BofA weekly report showed investors invested $31.5 billion in stocks, while $1.8 billion was withdrawn from gold and $15.4 billion from bonds.

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2021-03-15 11:49:21 USD/CAD | US Dollar to Canadian Dollar Trading Analysis

According to the RBC analysts, commenting on the results of the Bank of Canada's monetary policy meeting that ended, the Central Bank confirmed that the economy showed better-than-expected robustness in the second wave of the pandemic. Experts believe that the Canadian economy will return to full capacity in 2022, sooner than the regulator had forecast (the CB January estimate: 2023).

Read more: https://paxforex.org/forex-analysis/usdcad-trading-analysis-15-03-2021 Open / Comment

2021-03-15 11:37:16 NZD/JPY Forecast Fundamental Analysis | New Zealand Dollar / Japanese Yen

The forecast for the NZD/JPY remains bearish as risk appetite among traders is high despite a rise in Covid-19 infections across Europe. They provide a reminder that reopening economies is a premature mistake and poses an ongoing threat to the healthcare system. Volatility is likely to increase as the Kijun-sen and Tenkan-sen continue to drift higher but are losing momentum. The Ichimoku Kinko Hyo Cloud shows signs of flattening out, and the CCI failed to confirm the advance. A breakdown out of extreme overbought territory can start a correction in this currency pair. Can bears force the NZD/JPY into a sustained retreat? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/nzdjpy-forecast-march-15th-2021 Open / Comment

2021-03-12 11:37:22 Apple | Fundamental Analysis

Quite unexpectedly, Apple stock is somewhat underperforming in 2021, despite the stunning sales impulse of the iPhone 12, which could not but backed the tech giant reported a record quarter. Nevertheless, the decline in the stock price gives investors a chance to buy it now, which could provide long-term gain, directed by multi-year growth from the 5G smartphone revolution.

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2021-03-12 11:30:01 Trading Analysis of Nasdaq 100 Index

The U.S. stock market surged during trading on Thursday, led by shares of technology companies, with the Dow Jones and S&P 500 indices reaching record highs. The Dow Jones Industrial Average closed the trading day with a gain of 188.57 points (0.58%) reaching 3,2485.59 points, which was a record close. Investors' optimism was fueled by the news that on Thursday U.S. President Joe Biden approved a new $1.9 trillion package of measures to support the economy during a pandemic. The signing ceremony took place at the White House.

Read more: https://paxforex.org/forex-analysis/nasdaq-100-12-03-2021 Open / Comment

2021-03-12 11:19:22 GBP/USD | British Pound to US Dollar Trading Analysis

According to a Reuters poll of economists during March 5-10, the rate of British economic growth will return to pre-pandemic COVID-19 levels in 2 years. 22 of the 31 economists surveyed think so. Five expect this to happen in as little as a year. Nine believe it will take longer: The median prediction is that unemployment will peak at 6.5 percent, and will likely happen in the 4th quarter of 2021; The median forecast for British GDP for 2021 was 4.6% vs. the previous estimate of 4.7%; for 2022, 5.7% vs. pre. 5,5%; None of the economists surveyed expect the Bank of England to make any changes to its monetary policy following its meeting on March 18.

Read more: https://paxforex.org/forex-analysis/gbpusd-trading-analysis-12-03-2021 Open / Comment

2021-03-12 11:08:18 USD/CAD Forecast Fundamental Analysis | US Dollar / Canadian Dollar

The forecast for the USD/CAD remains bearish, with a weak US labor market and debt weighing down the US Dollar. Supporting more downside in this currency pair are the descending Tenkan-sen and Kijun-sen, while the Ichimoku Kinko Hyo Cloud is also moving lower. While the CCI recorded a higher low in oversold territory, from where a quick bounce is expected, more downside potential is ahead. Will bears continue to pressure the USD/CAD towards its next horizontal support area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/usdcad-forecast-march-12th-2021 Open / Comment

2021-03-11 11:56:44 General Electric | Fundamental Analysis

It's no secret that all of the investment ideas associated with General Electric are based on and dependent on the evolution in three of its four industrial segments-the healthcare segment is doing well. It goes without saying that every business should be focused on favorable end markets, but given the growing or even just stable market environment, can GE segments really benefit from this? Let's try to figure it out.

Read more: https://paxforex.org/forex-fundamental-analysis/general-electric-11-03-2021 Open / Comment

2021-03-11 11:50:04 Trading Analysis of Dow Jones 30 Index

The Dow Jones Industrial Average gained 464.28 points (1.46%) to 32297.02 by closing the trading session. The U.S. House of Representatives approved the $1.9 trillion economic stimulus package, offered by U.S. President Joe Biden, which was positive news for the market. Biden is expected to sign the bill on Friday. The Senate approved the stimulus package over the weekend, making some changes to the House draft. Statistics released Wednesday showed that U.S. inflation accelerated to 1.7% in February, the highest in a year. Meanwhile, the figures matched experts' expectations, easing fears of accelerating inflation.

Read more: https://paxforex.org/forex-analysis/dow-jones-30-11-03-2021 Open / Comment