U.S. Highlights Real GDP declined for the second consecutive quarter in Q2, meeting one (narrow) criteria of a recession. The Federal Reserve delivered another supersized rate hike of 75bps this week, bringing the upper bound of the policy rate to 2.5%. Chair Powell emphasized the need to take rates higher but neglected to give any […]
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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…