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Simon Smith - Articles and news items

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.

Risk aversion dominates after Greece

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

The Euro’s opening gap lower at the start of the Asian session is steadily being filled, with around half done so far.

The next stage for Greece

Daily Forex Brief: FxPro, Trading commentaries / 19 June 2015 / Simon Smith, FxPro

Expectations were set very low going into yesterday’s meeting of Eurozone finance ministers and rightly so, with no agreement and nothing in sight…

Standoff

Daily Forex Brief: FxPro / 18 June 2015 / Simon Smith, FxPro

Once again, the consensus for the first rate hike from the FOMC has slipped further into the distance as the Fed Chair gave a dovish tone at the post-FOMC meeting press conference.

Sterling on the up

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

As markets await the Fed decision and statement tomorrow evening, the main distraction for today will be the release of CPI data in the UK.

This time it is for real

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

One of the most over-used phrases of recent years in Europe has been “crunch time for Greece”, but this time, it really feels like it is.

More rate cuts

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

Not for the first time this year a central bank down under has surprised by cutting rates, this time the Reserve Bank of New Zealand.

The dollar’s data sensitivity

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

The US employment report dominates the landscape today.

Bonds in the driving seat

Daily Forex Brief: FxPro / 4 June 2015 / Simon Smith, FxPro

FX volatility remains on the high side at the moment, with the move in bond yields playing a major role.

Euro volatility ahead

Daily Forex Brief: FxPro / 3 June 2015 /

The overnight session has seen a further recovery in the Aussie, thanks largely to the better than expected GDP data seen for the first quarter at 0.9% QoQ.

A brief Aussie recovery

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

The main standout in overnight trade has been the Aussie, jumping back above the 0.77 level in the wake of the latest interest rate decision.

Better dollar tone emerging

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

FX markets start a new month which once again is supposedly crunch time for Greece, but this time it feels like it really is.