Automakers show off flying cars in Shanghai — but Warren Buffett-backed BYD stays clear
Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines...
Euro Mixed Ahead of ECB, Dollar Sellers Await Stock Rally
Canadian Dollar surges broadly overnight after BoC’s hawkish tapering. Yet, it’s currently still one of the weakest for the week together with Dollar. The post-meeting buying was not enough to turn the Loonie into black against others yet. As for...
Fed Monitor: Too Early for the Outcome-Based Fed to Change Rhetoric
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
BOC Tapers QE Program and Delivers Upbeat Economic Outlook
As we have expected, the BOC delivered a hawkish tapering of QE purchases in April. the weekly asset purchases will reduce to CAD3B/week, from CAD4B/week previously. Meanwhile, it also upgraded the economic assessments for both the country and the world....
GBP/JPY: Uphill Task Above 151.00, Key Support Nearby
Key Highlights GBP/JPY failed to surpass 152.00 and declined towards 150.00. Many hurdles are forming near 151.00 and 151.30 on the 4-hours chart. GBP/USD corrected gains after testing the 1.4000 resistance zone. The UK CPI increased 0.7% in March 2021...
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