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Simon Smith - Articles and news items

Inflation nowhere to be seen

Daily Forex Brief: FxPro / 31 July 2015 / Simon Smith, FxPro

The last trading day of the month, which does bring risk of choppier than normal trading as institutional investors re-balance portfolios and funds adjust to fit around month end performance statistics.

Inching towards a Fed tightening

Daily Forex Brief: FxPro / 30 July 2015 / Simon Smith, FxPro

The impression given by the Fed’s post meeting statement last night suggests a central bank inching towards a rate increase, with inching being the operative word here because the changes to the wording were indeed very subtle.

Fed keeping options open

Daily Forex Brief: FxPro / 29 July 2015 / Simon Smith, FxPro

The two-day FOMC meeting concludes today with the focus on the statement released at 18:00 GMT.

Strange FX reactions

Daily Forex Brief: FxPro / 28 July 2015 / Simon Smith, FxPro

The two day FOMC meeting starts today, but it seems a long shot to expect the Fed to signal an increase in rates at the subsequent meeting in September.

Splitting the dollar

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

We enter the last trading week of the month with a 2 day FOMC meeting to contend with.

Dollar giving up gains

Daily Forex Brief: FxPro / 22 July 2015 / Simon Smith, FxPro

FX markets have been something of a sideshow this week compared to what we’ve seen in commodities. That said, there was a notably softer tone to the dollar yesterday afternoon, evident on all of the majors.

Commodity pressures abounds

Daily Forex Brief: FxPro / 21 July 2015 / Simon Smith, FxRro

It’s commodities that have been taking centre stage at the early part of the week.

Worrying less about Greece

Daily Forex Brief: FxPro / 20 July 2015 / Simon Smith, FxPro

For once, we start the week not worrying about Greece, or at least not as much as the previous three weekends.

Greece crumbling again

Daily Forex Brief: FxPro / 15 July 2015 / Simon Smith, FxPro

The raft of data released in China overnight surpassed expectations, with the main GDP number rising 7.0% YoY, steady vs. the first quarter and firmer than then 6.8% anticipated.

Another day another deal

Daily Forex Brief: FxPro / 14 July 2015 / Simon Smith, FxPro

As far as the single currency was concerned, the celebrations were all too brief after the Greek deal yesterday.

A deal of sorts for Greece

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

The single currency opened around 50 pips lower this morning on the back of yet another Greek deadline not being a deadline after all.

Waiting…

Daily Forex Brief: FxPro / 3 July 2015 / Simon Smith, FxPro

With the US Independence holiday and the impending Greek referendum on Sunday, today is likely to be a day of relative subdued trading in FX markets and elsewhere.

Jobs and the dollar

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

We should see the focus move away from Greece today with the US jobs numbers released a day early ahead of the long holiday weekend.

Shaking off Greece

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

Yesterday showed that there is no second guessing events in Greece.

The message beyond FX

Daily Forex Brief: FxPro / 30 June 2015 / Simon Smith, FxPro

The single currency slowly but surely closed the opening gap yesterday.