Shifting dollar dynamics
7 March 2013
The first rule of forex is “nothing lasts forever”. As such, the fact that both equities and equities were rallying yesterday is one of the talking points as we head into the key risk events of today.
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.
Taking back risk
6 March 2013
There’s a sense of calm before the storm in FX markets today. Even though equities have continued to push higher, the dollar has been relatively dominant.
Equities and FX
6 March 2013
“Irrational exuberance” became one of the phrases that shaped the financial lexicon of the 90s...
Stock watch
6 March 2013
The excitement yesterday was with the new record highs in the Dow Jones index in the US above the 14,000 level.
FX regime change
4 March 2013
There’s a feeling of regime change again in FX markets, just as we were getting comfortable with the “currency wars” dynamic. There are three main reasons why this is happening now...
The ascending dollar
4 March 2013
The dollar is in the ascendency. This is notable because it contrasts to what we’ve seen over the past six months...
Spending cuts in force in US
1 March 2013
Eighteen months ago the US agreed a package of severe spending cuts as a means of forcing politicians on both sides to come together and agree on something far more sensible.
Dollar bypass
28 February 2013
We’ve remarked before just how all the interesting action in currency markets is happening beyond the dollar. This is even more notable given that budget battles continue unabated on Capitol Hill.
One of the few rules of forex is that nothing lasts forever…
27 February 2013
What’s important in driving a currency over a period of days, weeks or month can suddenly become obsolete as a new factor takes over. We’ve certainly had that feeling this week.
More euroland dramas
26 February 2013
Yesterday proved that the past 14 months have been one long holiday in the drama that is Italian politics and for the single currency, it was a strong wake-up call, trading a near 3 cent range on the day.
Timing the sterling bounce
25 February 2013
In an otherwise quiet morning in FX markets it is sterling that is the talking point. The main issue appears to be how far up it can go before is starts going down again.
Sterling’s downgrade unsurprising
25 February 2013
The main surprise with the UK’s downgrade (by Moody’s) from triple-A was that it took so long.
Repaying loans to the ECB – good or bad?
22 February 2013
On a relatively quiet day for data (Canada being the main exception), the market has been grappling with the impact of banks repaying a smaller than expected amount back to the ECB.
JPY best performing currency yesterday
22 February 2013
It was very telling yesterday that the yen was the best performing currency just as the dollar putting in a strong performance.
Policy makers growing indecisive over monetary policy
21 February 2013
One of the themes of yesterday was that policy-makers appear to be growing more indecisive when it comes to what to do with monetary policy.
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