Author

Nick Parsons

Recently Published Articles

Exceeding Consensus Boldly

Exceeding Consensus Boldly

23 January 2015

Our central expectation going in to the ECB meeting was that President Draghi would try to exceed expectations. He is a past master of this, very skilled at manipulating opinion and then over-delivering

Exceeding Consensus Boldly
Bank of Canada move hits commodity currencies

Bank of Canada move hits commodity currencies

22 January 2015

The Bank of Canada is the latest Central Bank to deliver a shock; cutting its main policy rate to 0.75% from 1.0% in a move which none of the 22 analysts surveyed had anticipated.

Bank of Canada move hits commodity currencies
US dollar regains its mojo

US dollar regains its mojo

21 January 2015

There’s a clear trend developing in global equity markets where expectations for monetary stimulus in Europe (ex-Switzerland of course!) are driving stocks higher whilst the prospect, or possibility, of Fed tightening combined with worries over corporate earnings are depressing

US dollar regains its mojo
The calm before the storm

The calm before the storm

20 January 2015

For the first time in well over a week, almost every currency is trading on the same big figure as it did 24 hours ago; the one exception being EUR/USD but even this is only 60 pips from where it opened Monday morning.

The calm before the storm