Forex Analysis by PaxForex

2021-02-18 11:55:07 IBM | Fundamental Analysis

Few companies have such a long and glorious history as IBM, which has set the course of computer technology for decades. Now, as the company continues a long and extensive restructuring and with a new CEO at the helm, should we consider buying IBM stock now?

Read more: https://paxforex.org/forex-fundamental-analysis/ibm-18-02-2021 Open / Comment

2021-02-18 11:48:09 GOLD/USD | Gold to US Dollar Trading Analysis

Gold prices slumped to a more than two-month low on Wednesday as rising U.S. government bond yields and a stronger dollar continued to weigh on the metal's appeal.

Read more: https://paxforex.org/forex-analysis/goldusd-trading-analysis-18-02-2021 Open / Comment

2021-02-18 11:36:16 EUR/USD | Euro to US Dollar Trading Analysis

Germany's consumer prices could exceed the ECB's target by the end of this year thanks to tax hikes, ECB Governing Council member and Bundesbank President Jens Weidmann said Friday. "The reduced VAT, which expired at the end of last year, and the greenhouse gas tax, which went into effect on January 1. From today's perspective, the agreed consumer price index (EU) in Germany should rise above 3% before the end of the year.

Read more: https://paxforex.org/forex-analysis/eurusd-trading-analysis-18-02-2021 Open / Comment

2021-02-18 11:26:10 AUD/USD Forecast Fundamental Analysis | Australian Dollar / US Dollar

The forecast for the AUD/USD remains bullish despite the disappointment in the January employment report. Traders look forward to US initial jobless claims, which have also disappointed over the past two weeks. The Ichimoku Kinko Hyo Cloud started to narrow but supports more upside. With the Kijun-sen entering a sideways trend, the Tenkan-sen resumes its uptrend. The CCI moved out of extreme overbought territory but has more upside potential. Can bulls pressure 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-february-18th-2021 Open / Comment

2021-02-17 11:55:03 Cisco | Fundamental Analysis

Over the past few years, Cisco Systems has been working to update its classic portfolio of services to better challenge the various fast-growing, innovative players it competes with a variety of markets. But because of the company's large scale, the transition has taken some time, and it contributed to the tech giant reporting a fifth consecutive quarter of declining revenue last week.

Read more: https://paxforex.org/forex-fundamental-analysis/cisco-17-02-2021 Open / Comment

2021-02-17 11:47:44 Trading Analysis of Nasdaq 100 Index

During the trading on Tuesday the American stock indices did not show any single dynamic: the Dow Jones rose to a record high, while the S&P 500 and the Nasdaq declined. The Nasdaq Composite lost 47.97 points (0.34%) to 14047.5 points.

Read more: https://paxforex.org/forex-analysis/nasdaq-100-17-02-2021 Open / Comment

2021-02-17 11:37:06 USD/CHF | US Dollar to Swiss Franc Trading Analysis

Bullard, president, and CEO of the Federal Reserve Bank of St. Louis: The inflation situation is quite positive: Inflation will rise this year; The Fed will take into account the inflation situation; There is no bubble inflating in the stock markets, it's just the normal process of investing.

Read more: https://paxforex.org/forex-analysis/usdchf-trading-analysis-17-02-2021 Open / Comment

2021-02-17 11:24:37 AUD/JPY Forecast Fundamental Analysis | Australian Dollar / Japanese Yen

The forecast for the AUD/JPY is turning bearish amid overly bullish sentiment for risk assets globally. Most market participants ignore the threats and dark economic clouds on the horizon. Price action stalled, and the Kijun-sen started to move sideways, with the Tenkan-sen showing signs of exhaustion. The CCI continues to retreat from its peak and remains in extreme overbought territory. This currency pair is ripe for a correction into its ascending Ichimoku Kinko Hyo Cloud. Will bears pressure the AUD/JPY into 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/audjpy-forecast-february-17th-2021 Open / Comment

2021-02-16 12:12:32 Pfizer | Fundamental Analysis

Pfizer has underperformed the S&P 500 in 2020. The same situation was one year before, as well as in 2017 and 2016. You may have noticed that we didn't mention 2018, which was the only year in the last five years when a major pharmaceutical company managed to outperform the broad market index. If looking at historical returns was the best way to foretell coming profits, Pfizer's prospects wouldn't be so good.

Read more: https://paxforex.org/forex-fundamental-analysis/pfizer-16-02-2021 Open / Comment

2021-02-16 12:05:36 Trading Analysis of Dow Jones 30 Index

The dollar dropped to a three-week low on Tuesday, sterling hit a near three-year high, and commodity currencies rose as progress on vaccinations and investors' hopes for a global economic recovery. The dollar index to a basket of major currencies was down 0.2% to 90.299. The euro rose 0.08% to $1.2137. Investors are weighing whether the U.S. will be the sole leader of the recovery, which will support the dollar, or whether it will be broader - and that will be negative for the dollar.

Read more: https://paxforex.org/forex-analysis/dow-jones-30-16-02-2021 Open / Comment