The big news this week was the barrage of new stimulus measures from China. At an economic briefing on Tuesday, People’s Bank of China and financial regulators announced a wide range of measures to shore up the ailing economy: the policy rate was cut by 30bp, Reserve Requirement Ratios for banks were cut by 50bp, measures […]
The post Weekly Focus – China Makes a Big Push to Turn the Economy appeared first on Action Forex.
EUR/CHF dived sharply to as low as 0.9204 last week after breaking out of consolidations. But it rebounded strongly after brief breach of 0.9209 low. Initial bias is turned neutral again this week. Some more Read more…
Euro stole the limelight last week with a steep selloff triggered by poor activity data. This downturn has intensified the pressing need for the ECB to ease monetary policy swiftly back to neutral levels. While Read more…
Despite offering only one EV in its U.S. lineup, Japanese mobility giant Honda spent 2024 beefing up its poker hand and amping up its electric game. During the Consumer Electronics Show in Las Vegas in Read more…