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USD: The Wait Game – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that USD investors are focusing squarely on the potential of US corporate income tax reform.

"Developments in US fiscal policy will continue to play a major role in driving both Read More →

NZDUSD – New Zealand Dollar To Decline Towards 0.6965 Vs USD?

Key Points

  • The New Zealand dollar recently faced resistance near 0.7000 and 0.7020, and moved down.
  • There are two bearish trend lines formed with resistance at 0.7020 on the hourly chart of NZDUSD.
  • In New Zealand today, the NZIER Business Read More →

EURUSD – Euro Decline To Increase Below 1.0650 Vs US Dollar

Key Points

  • The Euro remained in a solid downtrend and moved below the 1.0680 support vs the US Dollar.
  • There are two bearish trend lines formed with resistance at 1.0675 on the hourly chart of EURUSD.
  • In the Euro Zone Read More →