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Simon Smith - Articles and news items

ECB options still looking limited

Daily Forex Brief: FxPro / 1 September 2014 / Simon Smith, FxPro

Ultimately, what FX markets need is policy divergence between central bank policies of different currencies.

Steering through month end

Daily Forex Brief: FxPro / 29 August 2014 / Simon Smith, FxPro

We come to the end of a week that has been mixed for the dollar overall, with loses vs. the CAD, JPY and Aussie, but gains against the euro, kiwi and (marginally) the Swissie.

Cruising to month end

Daily Forex Brief: FxPro / 27 August 2014 / Simon Smith, FxPro

We are likely to cruise into the end of the week and month end, with the major data releases and events of the month behind us. That said, there are three underlying themes to FX markets that continue to drive the price action.

Focusing on Europe

Daily Forex Brief: FxPro / 26 August 2014 / Simon Smith, FxPro

Things didn’t quite go to plan for the dollar on Friday in the wake of comments from Fed Chair Yellen.

Waiting for Yellen

Daily Forex Brief: FxPro / 22 August 2014 / Simon Smith, FxPro

You could tell that markets were playing a waiting game on Thursday. The dollar gave back some gains, but only partially against the Aussie and the euro.

Growing dollar confidence

Daily Forex Brief: FxPro / 20 August 2014 / Simon Smith, FxPro

The overnight session has seen further creeping strength of the dollar, building on the gains seen during Tuesday.

Continued rocky road for sterling

Daily Forex Brief: FxPro / 19 August 2014 / Simon Smith, FxPro

Sterling will be closely watching the inflation data today. Last month saw a sharp rise in the headline rate to 1.9%, which was in part owing to the different timing of sales vs. last year.

A calmer second half

Daily Forex Brief: FxPro / 18 August 2014 / Simon Smith, FxPro

A calmer tone has emerged in the past few sessions that suggests the second half of the month could prove to be calmer than the first.

Hoping for the ECB

Daily Forex Brief: FxPro / 15 August 2014 / Simon Smith, FxPro

Stock markets have managed to reverse at least some of the losses seen over the past 3 weeks, despite the headlines regarding a possible return to recession in the Eurozone after yesterday’s disappointing GDP numbers.

A slowing Europe

Daily Forex Brief: FxPro / 14 August 2014 / Simon Smith, FxPro

The focus is firmly on the health of the Eurozone economy this morning. We’ve already seen numbers from both Germany and France, with data for the Eurozone has a whole (at 09:00 GMT) likely to show that the economy ground to a halt in the second quarter.

Sterling volatility risks

Daily Forex Brief: FxPro / 13 August 2014 / Simon Smith, FxPro

The focus switches back to sterling today as the Bank of England presents its August Inflation Report, with labour market data preceding an hour before at 08:30 GMT.

The potential for dollar reversal

Daily Forex Brief: FxPro / 12 August 2014 / Simon Smith, FxPro

We’ve seen some creeping dollar strength overnight aided by stronger domestic data showing better than expected business confidence and also house price increases in the second quarter.

A more measured view of the world

Daily Forex Brief: FxPro / 11 August 2014 / Simon Smith, FxPro

One of the main fears last month was that markets were too complacent on the prevailing risks.

Risk aversion remains dominant

Daily Forex Brief: FxPro / 8 August 2014 / Simon Smith, FxPro

Mario Draghi did little to surprise the markets yesterday by maintaining quite a consistent message and not announcing anything new or radical.

Euro remains focus with ECB today

Daily Forex Brief: FxPro / 7 August 2014 / Simon Smith, FxPro

Investors seem to have brushed aside concerns over the escalation of tensions between Russia and Ukraine as risk assets bounced from their lows yesterday, including the euro which saw EURUSD recover from lows around 1.3335 back to 1.3375 where it is trading this morning.