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Daily Forex Brief: FxPro

Simon Smith, Chief Economist, FxPro
Simon Smith, Chief Economist
Simon has over seventeen years experience of macro forecasting and investment strategy research. Prior to joining FxPro in May 2010, Simon was a consultant with Thomson Reuters, having spent four years as Chief Economist at Weavering Capital.
He has held economic and strategy positions with Standard & Poor’s, together with consultancy firms 4Cast and MMS International.
Simon holds an MSc. in Economics from the University of London and a BSc. from Brunel University.
Michael Derks, Chief Strategist
Michael joined FxPro in May 2010 having been previously at Deutsche Bank, Rothschild and Schroders.

Michael Derks, Chief Strategist, FxPro
He is a multi-discipline investment and market strategist/economist with extensive expertise in FX, strategic and tactical asset allocation, fixed income, equities, property and alternative assets.
An accomplished economic and investment writer and researcher, Michael holds a Bachelor of Economics degree from Macquarie University in Sydney.
www.fxpro.com
22 February 2012
Last night’s resignation by Foreign Minister (and ex-Prime Minister) Kevin Rudd has further inflamed political tensions within his Labour Party over who should lead it into the next election.
22 February 2012
The yen has continued to weaken since last week’s surprise move from the BoJ, but it’s not simply as a result of the BoJ’s decision to further expand its bond-buying program.
22 February 2012
Tuesday followed an all too familiar pattern, namely markets becoming immune to setbacks ahead of the event, and then slumping once the deal on Greece was finally announced.
22 February 2012
More fragments of good news in the UK. Not for the first time, the UK sits somewhere between the US and what we are seeing in Europe as a whole.
21 February 2012
Not for the first time, the UK sits somewhere between the US and what we are seeing in Europe as a whole.
21 February 2012
A bastardisation of the ‘buy the rumour, sell the fact’ expression, but nonetheless entirely accurate in this instance.
21 February 2012
The big focus in recent weeks has been the private sector involvement in the latest Greek aid package, but it’s the part played by the public sector that is far more interesting.
21 February 2012
This latest Greek debt deal will unravel very quickly, despite the pangloss that European leaders will undoubtedly attempt to wrap around it.
21 February 2012
These days, one of the strongest-performing sectors in Europe is catering - supplying food and drink to the cognoscenti at all of these meetings of European leaders in Brussels.
20 February 2012
It has been quite a remarkable morning for the single currency, which is up 1% at 1.3250. Contributing to this latest spike is the dollar’s weakness across the board.
20 February 2012
Adding to the recent woes of the previously impregnable Japanese yen was the announcement overnight that Japan registered a record trade deficit last month.
20 February 2012
Even more apparent over recent months is the two-tier nature of the British housing market.
20 February 2012
Risk assets and currencies have received a further fillip overnight after the PBOC announced another 50bp reduction in the reserve requirement ratio for their banks.
20 February 2012
Not to be ignored amidst some recent encouragement on the growth front in most major advanced economies is the surging oil price.
17 February 2012
Against a varied group of nations intent on denying it nuclear capability, Iran has at its disposal what is arguably an even more potent weapon – the price of oil.
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