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USD: Position For USD Gains If ‘VAT’ Rumor Becomes Fact – BofA Merrill

We analyzed the market reactions to VAT changes in five developed countries for a total of 17 tax events since 1973, to get a better grasp of what could be in store for USD in a hypothetical scenario where the Read More →

Dollar heavy as Treasury yields stay under pressure

The dollar held its ground on Thursday after slipping on the previous day, as lingering risk aversion pinned Treasury yields near multi-week lows and restrained the greenback's bounce.

EUR/USD fell to 1.0670, edging back towards a one-week low of Read More →

EURUSD – Euro Looking For Upside Break Vs US Dollar

Key Points

  • The Euro after trading as low as 1.0642 against the US Dollar started a recovery, and currently looking for an upside break.
  • The EURUSD pair is currently attempting to break a major bearish trend line at 1.0700 on Read More →

USDJPY – Can US Dollar Gain Momentum Vs Japanese Yen?

Key Points

  • The US Dollar after trading above the 111.60 support for some time against the Japanese yen gained bids and traded higher.
  • The USDJPY pair broke a major bearish trend line at 112.10 on the hourly chart, and might Read More →

German Trade Surplus Reaches New Record High

Germany's trade surplus reached a record high in 2016 as exports grew more than imports, weathering global uncertainties. The trade balance showed a surplus of EUR 252.9 billion in 2016, the highest value ever recorded and clearly exceeded the previous Read More →

Preview: Fed Speaks: Fed Bullard, Fed Evans

St. Louis Fed President Bullard (FOMC voter) speaks: We look to Bullard’s remark for any hint on the evolution of the FOMC’s thinking on near-term trade and fiscal policy from the administration. We continue to believe the FOMC Read More →