• Rajor Rajoy walks the fiscal tightrope Spain’s new government has announced spending cuts and tax increases worth an estimated EUR 27bn in an endeavour to reduce the gaping fiscal shortfall from 8.5% of GDP at the...
  • euro Is Europe doing enough? The anticipated agreement on the expansion of the EU’s total available rescue funds should be welcomed, but all indications are that the deal likely to be announced today will be...
  • 30 Mar @ 15:29 Yen gains may prove temporary
    In the run-up to the end of the financial year, the Japanese currency has strengthened slightly. USD/JPY, which ten days ago was threatening the 84.0 level, fell below 82.0 for a time...
  • 28 Mar @ 14:14 The pressure on UK households
    Behind the small downward revision to Q4 GDP in the UK (from -0.2% to -0.3%) is the picture of a household sector still under immense pressure from both modest income growth and...
  • 28 Mar @ 10:26 Yet more euro short-covering
    The process of covering the mountain of record euro short positions which commenced in earnest during February has continued during the current month. That said, judging by the extent of short positions...
  • 27 Mar @ 10:55 Dark days ahead for the Dutch
    Or: 'Do as I say, not as I do'. Just six months ago, Dutch Prime Minister Rutte and Finance Minister de Jager were espousing the necessity for exclusion from the eurozone of...
  • 26 Mar @ 13:28 Bernanke will stay cautious on recovery
    Although two regional Fed presidents have recently warned of the risks of maintaining an ultra-easy monetary policy for too long, it is extremely unlikely that Fed policy officials will alter their commitment...
  • 26 Mar @ 13:25 Tough times in India
    Evident over the course of the first quarter of 2012 is growing concern that China’s soft landing might be rather more turbulent than expected. Unsurprisingly, commodity-related investments have started to under-perform, with...
  • 17 May | FxPro Daily Briefing

    With much of Europe on holiday today, Michael Derks focuses remains on
    Greece and the deposit-withdrawal crisis as well as the possibilty of
    the Fed reviewing the moratorium on QE as the new fiscal crunch
    approaches.

  • 16 May | FxPro Daily Briefing

    Michael Derks, Chief Strategist, surveys the increasingly desloate
    Spanish,, Italian and Greek landscape, the flight to the dollar and the
    surprisingly low gold price.

  • 15 May | FxPro Daily Briefing

    In a day of sdubdued market activity, Micheal Derks, Chief Strategist,
    reviews the flat eurozone growth figures, the depreciating RMB and
    looks ahead to the first Hollande/Merkel meeting.

  • 14 May | FxPro Daily Briefing

    Michael Derks, Chief Strategist, looks at the sea of red in the markets
    with equities well down, the gold price on the slide and Spanish
    worries continuing to hurt the euro.

  • 11 May | FxPro Daily Briefing

    Simon Smith, Chief Economist rounds off the week as the Spanish banking
    crisis and budget deficit announcement this afternoon pressure the euro.

  • Europe must decide urgently Nearly five years into the global credit crunch, you get a feeling for when something has reached the point of no return, when no amount of reassurance, promises or policies...
  • Dollar soars after Greek talks fail News that ongoing talks amongst politicians in Greece have failed to come up with a coalition government and that new elections will need to be called, has triggered renewed fears...
  • Another bad hair day Yet another bad hair day for risk assets yesterday amidst continuing concerns over a myriad of issues, including the unstable political situation in Greece and ongoing question marks around whether...
  • A sea of red Unfortunately, in financial markets at least, it is rarely the merry month of May. Last week was another sea of red, with equity markets on the slide, high-beta currencies heading...
  • More dark clouds over Spain The week is ending in a similar fashion to which it began, namely with markets broadly in retreat from risk. There’s little reason to feel that today will be much...