Creeping political paralysis
9 May 2012
The implications of events in both France, and more so Greece, are seeping through markets and have made themselves known within most asset classes.
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.
Fiscal austerity journeys down under
8 May 2012
Facing an electoral whitewash when it next goes to the polls, Australia’s Labour Government has opted for aggressive fiscal austerity in its latest budget.
Aussie bears worried by trade trends
8 May 2012
For so long a major driver of currency strength, it now appears that the performance of the trade sector is contributing to the Aussie’s demise.
Sterling’s ongoing resilience
8 May 2012
We’ve remarked before on the resilience of sterling and has again been in evidence over the past week; of the majors it was only the yen outperforming the pound.
Spain’s financial misery
8 May 2012
Evidence continues to mount regarding Spain’s economic and financial misery. According to Tasaciones Inmobiliarias SA, house prices plunged 12.5% in the year ended April.
Drawing the eurozone battle lines
8 May 2012
After the initial weakening of the single currency on the back of the weekend’s political developments in both France and Greece, the euro crawled back through most of Monday’s session.
France’s new road
7 May 2012
Increasingly over recent weeks, markets have been digesting the political direction being expounded by Francois Hollande, who has now been confirmed as the new French President.
Aussie fast losing friends
7 May 2012
For the Aussie bulls, the past week or so have been very tough. After threatening 1.05 late last month, the AUD dropped to near 1.01 overnight, its lowest level for the year thus far.
Europe’s austerity backlash
7 May 2012
After the pounding meted out to risk assets overnight in response to the austerity backlash evident in both the French Presidential and Greek election results.
Europe’s slowdown weighs on commodities
4 May 2012
The accumulation of evidence over the past week that large swathes of Europe are in a deeper recession than expected has weighed heavily on commodity prices.
US jobs despondency
4 May 2012
The latest US jobs numbers underline the feeling of despondency in the labour market, despite the drop in the unemployment rate to a three-year low (to 8.1%).
UK property picture still cloudy
4 May 2012
Obtaining a clear picture of the UK property scene has been even more tricky than usual this year.
More soggy eurozone data
4 May 2012
It is probably no great surprise to see the services PMI data also softer in the eurozone vs. the preliminary release, following on from the pattern that was seen in the manufacturing series.
Caution ahead of payrolls
4 May 2012
Markets face up to the US jobs data today in tentative mood, Asian stocks having softened by the greatest degree in nearly two weeks overnight.
The shifting ECB
3 May 2012
Even though on the face of it, the market was positioned for no change from the European Central Bank meeting today, there were some residual hopes of a surprise cut.
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