Forex Analysis by PaxForex

2021-03-08 11:59:21 ExxonMobil | Fundamental Analysis

It has certainly been a challenging year for ExxonMobil. The company incurred its first annual loss in at least two decades. Higher oil prices have boosted the stock this year, but is the worst for the oil giant over? Let's take a closer look at the company's operations and plans to see what investors should expect in the long run.

Read more: https://paxforex.org/forex-fundamental-analysis/exxonmobil-08-03-2021 Open / Comment

2021-03-08 11:54:21 GOLD/USD | Gold to US Dollar Trading Analysis

The price of gold fell to an almost nine-month low on Friday as higher bond yields and a strong dollar continued to reduce the appeal of the precious metal. Hopes that the U.S. Federal Reserve will take steps to curb rising yields also declined.

Read more: https://paxforex.org/forex-analysis/goldusd-trading-analysis-08-03-2021 Open / Comment

2021-03-08 11:47:38 GBP/USD | British Pound to US Dollar Trading Analysis

The US dollar will keep rising until the Fed introduces a yield curve control tool, which will be the beginning of a long-term decline. Before Powell's speech, the markets were expecting him to announce something like that, but it looks like the time has not come yet. From this point of view, the important thing is the March 7 meeting, during which the views on the bond market may be voiced, but until then, the Fed will keep the status quo.

Read more: https://paxforex.org/forex-analysis/gbpusd-trading-analysis-08-03-2021 Open / Comment

2021-03-08 11:41:19 EUR/JPY Forecast Fundamental Analysis | Euro / Japanese Yen

The forecast for the EUR/JPY turned bearish following the most recent run-up. While economic activity remains depressed, temporary inflationary pressures start to worry markets. While the Tenkan-sen maintains in an uptrend, the Kijun-sen flatlined, suggesting fading bullish momentum. The CCI corrected out of extreme overbought territory with plenty of downside potential, pointing the price action into a sell-off into its ascending Ichimoku Kinko Hyo Cloud. Will bears force the EUR/JPY into a retreat into its 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/eurjpy-forecast-march-8th-2021 Open / Comment

2021-03-05 12:17:25 IBM | Fundamental Analysis

IBM has undergone a distinct transformation since Arvind Krishna became CEO in April last year. Thanks to the company's move toward cloud computing and the spin-off of a key business, IBM is likely to become a different technology company over time. Consequently, the extent to which IBM can remake itself as a cloud company will likely determine how much its stock rises over the next few years.

Read more: https://paxforex.org/forex-fundamental-analysis/ibm-05-03-2021 Open / Comment

2021-03-05 12:13:13 Trading Analysis of Nasdaq 100 Index

On Thursday the U.S. stock indices declined for the third session in a row after the tech stocks as the comments of the head of the US Federal Reserve Jerome Powell failed to allay the fears of the investors concerning the recent growth of the government bonds' yield. The Nasdaq Composite lost 274.28 points, or 2.11%, to 1,2723.47 points, its lowest level in three months.

Read more: https://paxforex.org/forex-analysis/nasdaq-100-05-03-2021 Open / Comment

2021-03-05 12:05:52 USD/JPY | US Dollar to Japanese Yen Trading Analysis

U.S.: unit labor costs rose 6% in the fourth quarter, up from a forecast of 6 6.7%: U.S. unit labor costs rose less than expected in Q4; U.S. dollar index holds for moderate daily gain above 91.10 after data release.

Read more: https://paxforex.org/forex-analysis/usdjpy-trading-analysis-05-03-2021 Open / Comment

2021-03-05 12:01:06 AUD/USD Forecast Fundamental Analysis | Australian Dollar / US Dollar

The forecast for the AUD/USD turned bullish after this currency pair corrected into the Senkou Span A of its ascending Ichimoku Kinko Hyo Cloud. Traders should expect a bit more volatility with the Tenkan-sen drifting lower while the Kijun-sen flatlined, but overall developments suggest more upside. The CCI dipped into extreme overbought territory from where a quick reversal is likely to follow. Can bulls force the AUD/USD into its next horizontal resistance area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/audusd-forecast-march-5th-2021 Open / Comment

2021-03-04 11:50:41 Non-farm Payrolls - Data Expected to Be Stunning!

The week begins with active and important statistics, i.e. the release of the PMI indicator from the USA and Europe, which is a leading indicator and gives an idea about the GDP benchmark. On the surface, it looks like everything should be as before, no problem: the projected U.S. PMI numbers rebounded to 60, on expectations of 58.7, which is also good.

Read more: https://paxforex.org/forex-analysis/non-farm-payrolls-data-expected-be-stunning-04-03-2021 Open / Comment

2021-03-04 11:48:37 Johnson & Johnson | Fundamental Analysis

As it became known, Johnson & Johnson's COVID-19 vaccine was recently approved for emergency use in the U.S. in late February, which helped the stock move higher.

Read more: https://paxforex.org/forex-fundamental-analysis/johnson-johnson-04-03-2021 Open / Comment