Monthly archive December, 2016

The potential switch to destination-based taxation in the US has far-reaching implications for the US Dollar. Under the current US taxation regime, goods and services are taxed based on their origin, rather than where they are sold. Under a new Read More →

The ECB announced a coming reduction in its monthly asset purchases, but tried not say it was “tapering” by combining two announcements in one. European monetary policymakers retained their existing €80 bn per month in assets purchases that was due Read More →

Key Points

• The US Dollar is slowly moving down against the Japanese yen, and trading below the 117.50 resistance.
• There is a crucial bearish trend line formed on Read More →

Key Points

• The Euro traded towards the 122.40 support area against the Japanese yen recently.
• There is a short-term bullish trend line formed on the hourly chart of Read More →