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Simon Smith - Articles and news items

BOE minutes and employment data could knock sterling

Daily Forex Brief: FxPro / 21 January 2015 / Simon Smith, FxPro

As the World Economic Forum in Davos gets underway businesses, investors and journalists are lining up to debate and get a better understanding of the action taken by SNB last week and what it means for the Swiss economy.

The move to risk aversion

Daily Forex Brief: FxPro / 19 January 2015 / Simon Smith, FxPro

This week’s ECB meeting dominates the agenda, but after last week’s events on the Swissie, there is nothing that they are going to do that will match up to last week’s volatility.

Ripples from the Swiss

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

The impact of the SNB’s decision to remove the cap on the CHF proved to be a game-changed for markets.

Aussie trips up on copper price

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

There were a few notable moves in FX on Tuesday. Despite weaker than expected CPI data, sterling managed to quickly reverse all of the initial losses, squeezing out a lot of shorts in the process.

It’s all about the core

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

A relatively subdued overnight session, the main exceptions being the yen and oil.

Watching the obvious

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

Not for the first time and certainly not for the last, the initial dollar reaction to the US employment report failed to be sustained through the remainder of the trading session on Friday.

Deflation is the new disinflation

Daily Forex Brief: FxPro / 8 January 2015 / Simon Smith, FxPro

We mentioned yesterday how sterling and the euro remain the whipping boys of the FX markets and little has changed in the space of 24 hours.

Outlook remains bleak for sterling and euro

Daily Forex Brief: FxPro / 7 January 2015 / Simon Smith, FxPro

Both sterling and the euro continue to be the whipping boys in FX markets at the moment as the outlook for both currencies remains rather bleak.

Back to Greece

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

FX markets have fallen into what can only be described as a year-end slumber, with ranges having narrowed substantially vs. the recent norm.

Cruising into year end

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

The dollar stands near the highs for the year as we enter what will be a shortened trading week.

Feeling easier in FX

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

We reach the last day of the last full trading week of 2014.

The fed plays with words

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

In 564 words, the US Federal Reserve yesterday told us that policy may rise next year, but it may not. The pre-meeting speculation centred around their stated intention to keep rates near zero “for a considerable period”.

The ride continues

Daily Forex Brief: FxPro / 17 December 2014 / Simon Smith, FxPro

The last full trading week of the month is proving to be nothing if not action packed. Yesterday, it was all about the rouble.

The rout in Russia

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

Last night, the Russian central bank removed any doubt that Russia is currently facing a currency crisis.

The next stage in Japan

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

The Japanese election results were always about the extent of Abe’s victory, rather than whether he would win.