What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Ford will launch plug-in cars in China in 2018
Ford Motor Co announced its intention to launch a plug-in hybrid car in China next year as well as a fully electric sport-utility car in the next five years, as the high tech giant works toward electrifying most of its lineup in the world's number one car market by 2025.
It comes at a time when Beijing is urging car makers to sell more electric cars, setting strict fuel economy goals and subsidizing new energy vehicle models, thus trying to reduce air pollution and promote technological innovation.
The time is appropriate for Ford to expand the car maker’s electric vehicle lineup as well as investments in China, as Ford Chief Executive Mark Fields told on Thursday.
The American automaker, which produces vehicles in China through a joint venture with a Chinese company Chongqing Changan Automobile Co, told it actually plans for 70% of Ford brand cars sold in China to be conventional hybrids, full battery electric cars or plug-in hybrids by 2025.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!