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Simon Smith - Articles and news items

Higher volatility to remain

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

We’ve seen an undeniable shift in sentiment over the course of the month. Markets are now a lot more focused on the risk and implications of deflation…

Indices find a floor amongst the chaos

Daily Forex Brief: FxPro / 16 October 2014 / Simon Smith, FxPro

Investors are getting nervous and there are a number of good reasons to be so with yesterday’s shock fall in US retail sales being one of them.

Re-assessing rate outlooks

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

The past week has seen a dramatic re-assessment of exactly when markets expect both the US and also UK central banks to raise interest rates.

Reversing the wall of worry

Daily Forex Brief: FxPro / 10 October 2014 / Simon Smith, FxPro

Things are a lot easier when they are moving in straight lines. This has not proved to be the case so far during October.

A More cautious Fed

Daily Forex Brief: FxPro / 9 October 2014 / Simon Smith, FxPro

What was a tentative dollar correction could well turn into something more sustained after the latest minutes from the FOMC.

Timing the dollar pause

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

The dollar’s climb over the past few weeks has hit the buffers for now and indices remain in a state of nervousness as volatility inches higher. Treasury yields have dived and the dollar bull run is being challenged.

Sustaining the dollar momentum

Daily Forex Brief: FxPro / 6 October 2014 / Simon Smith, FxPro

Just as the dollar rally was starting to lose steam, the US employment report injected fresh energy and allowed a twelfth consecutive week of gains on the dollar index.

The welcome dollar pause

Daily Forex Brief: FxPro / 3 October 2014 / Simon Smith, FxPro

The seemingly relentless rise of the dollar in the past 3 months has faltered this week, but that should probably be a welcome relief given the extent of recent gains.

The weight of expectations on the ECB

Daily Forex Brief: FxPro / 2 October 2014 / Simon Smith, FxPro

Once again, the ECB finds itself with a great weight of expectations upon its shoulders ahead of its policy meeting today.

More pressure placed on the ECB

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

It was only a matter of time before USDJPY hit the 110 level, given the broad underlying bid to the dollar, with this level achieved briefly during Asia trade.

The dollar’s upward march

Daily Forex Brief: FxPro / 25 September 2014 / Simon Smith, FxPro

Dollar strength was the continuing theme of Wednesday. The dollar index pushed above the 85.0 level and more decisively above the peak of 84.75 seen in mid-2013, putting the dollar (on this measure) at levels last seen mid-2010 when the euro was getting hammered in the early stages of the Eurozone crisis.

Eurozone still in doldrums

Daily Forex Brief: FxPro / 24 September 2014 / Simon Smith, FxPro

Eurozone PMIs yesterday did little to enthuse investors and a number of concerns over the outlook from both a macro and corporate perspective caused a big sell off in risk assets.

Aussie finds some temporary support

Daily Forex Brief: FxPro / 23 September 2014 / Simon Smith, FxPro

The main standout overnight is the recovery in the Aussie dollar, which has recovered back above the 0.89 level after the latest data from China brings at least some relief at the margins.

Back to FX reality

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

After the excitement of last week, FX markets are back to reality, which includes fresh concerns regarding the fine balancing act going on in China. Asian stocks and key commodities are starting the week softer.

A huge sigh of relief for sterling

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

Scotland has voted against independence overnight in a move that has removed a great weight from the shoulders of sterling, but has longer running implications for the political make-up of the United Kingdom.