• Facebook
  • Twitter
  • LinkedIn
  • Google +
  • RSS feed

Simon Smith - Articles and news items

Tighter ranges on majors

Daily Forex Brief: FxPro / 10 April 2015 / Simon Smith, FxPro

We are seeing daily ranges in major FX pairs move lower as the dollar continues in what can best be described as a corrective phase.

The more difficult path for FX

Daily Forex Brief: FxPro / 9 April 2015 / Simon Smith, FxPro

The Fed minutes last night revealed that “several” Fed members wanted to raise interest rates as early as June.

Easter Nonfarm Payroll

Daily Forex Brief: FxPro / 2 April 2015 / Simon Smith, FxPro

The business week finishes today for many ahead of the extended Easter week end, however nonfarm payrolls are still to be released tomorrow.

Euro’s April Fool

Daily Forex Brief: FxPro / 1 April 2015 / Simon Smith, FxPro

Markets looks to be making an inauspicious start to the second quarter after a first quarter that ended on a risk averse note, certainly for equity markets and to some degree the Yen.

Re-writing the dollar rules

Daily Forex Brief: FxPro / 27 March 2015 / Simon Smith, FxPro

Yesterday was a strong indicator of the changing dynamic in FX markets, in that we saw the dollar weaker even when stocks were on the back-foot and political tensions in the Middle East were escalating.

More sustained dollar weakness

Daily Forex Brief: FxPro / 26 March 2015 / Simon Smith, FxPro

The dollar is on the defensive in the early part of the European session. This is most noticeable on USDJPY, which is now below the 118.50 level.

Still deciding on the dollar

Daily Forex Brief: FxPro / 25 March 2015 / Simon Smith, FxPro

Yesterday was about the debate regarding the dollar; consolidation or correction. As always, it depends where you look, because at the moment it’s a fairly mixed picture.

Gauging the dollar correction

Daily Forex Brief: FxPro / 24 March 2015 / Simon Smith, FxPro

The question for markets right now is whether the dollar is pausing for breath after last week’s volatility, or we are seeing the start of a dollar correction from the relentless uptrend seen over the past 8 months.

Watching Canada jobs data

Daily Forex Brief: FxPro / 16 March 2015 / Simon Smith, FxPro

As next week’s Fed meeting approaches, more thoughts are being given to the impact of the relentless rise of the US currency on the broader economy.

Watching Canada jobs data

Daily Forex Brief: FxPro / 13 March 2015 / Simon Smith, FxPro

As next week’s Fed meeting approaches, more thoughts are being given to the impact of the relentless rise of the US currency on the broader economy.

The dollar dilemma

Daily Forex Brief: FxPro / 12 March 2015 / Simon Smith, FxPro

We are entering the European session with the dollar under pressure, but that comes after what has been a relentless rise so far this month and especially so against the single currency.

The push to parity

Daily Forex Brief: FxPro / 11 March 2015 / Simon Smith, FxPro

The path of least resistance for the single currency has been lower through most of the month and that was especially the case yesterday.

Fresh dollar gains

Daily Forex Brief: FxPro / 10 March 2015 / Simon Smith, FxPro

After the drama of Friday, we saw a relatively subdued start to the week in FX markets.

Daily Forex Brief: FxPro / 9 March 2015 / Simon Smith, FxPro

The single currency starts the week scraping itself from the floor after last week’s concerted push lower.

The €1 trillion ECB splurge

Daily Forex Brief: FxPro / 5 March 2015 / Simon Smith, FxPro

The euro suffered further losses against the US dollar yesterday hitting a fresh 11 and a half year low following a morning of mixed to slightly weaker than expected Eurozone services data and decent numbers from the US which attracted more buyers of dollars at the expense of the single currency.