Post Tagged with: "Michael Derks"

ECB likely to sit on its collective hands once again

While some ECB members wanted a rate cut last month, the central bank isn’t expected to budge, say Michael Derks of FxPro. Some tentative positive signs and a fear of triggering unnecessary uncertainty could hold it back.

In the interview below, Derks also discusses the debt ceiling crisis (which could be far worse than the fiscal cliff one), the FOMC minutes mini-storm, the direction of rates in the land down under, and more.

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To some degree, the Fed has already ‘allowed’ for the fiscal cliff

To some degree, the Fed has already ‘allowed’ for the fiscal cliff

The Federal Reserve has already taken the fiscal cliff into account, with QE3 (aka QE-infinity). Bernanke and his colleagues could extend Operation Twist, says Michael Derks of FxPro. In the interview below, Derks discusses the cliff, the postponement of the “day of reckoning” for Greece’s debt and other topics that move currencies. Michael joined FxPro in May [&hellip

Dollar Video Outlook – Fiscal Cliff, DXY, EUR/USD and More

Dollar Video Outlook – Fiscal Cliff, DXY, EUR/USD and More

In the video below, Simon Smith, Michael Derks (both of FxPro) and I spoke about the direction of the dollar in the next few weeks, following the re-election of Obama and the fiscal cliff issues. What kind of compromise will be found? How will that impact GDP, rating agencies and EUR/USD? Further reading: Forex Analysis: EUR/USD [&hellip

The calm between storms

The calm between storms

The US Presidential Elections are likely to shake all currencies. The Australian dollar is set to make larger moves, especially if the result is not favorable for addressing the fiscal cliff, says Michael Derks of FxPro. In the interview below, Derks also discusses the inevitability of a Spanish bailout, the situation in Greece, the “transitional” [&hellip

Are There Any Safe Havens Left? (Video)

Are There Any Safe Havens Left? (Video)

Several central banks are eager to lower the value of their currencies, with those in Japan and Switzerland, the classic safe havens, standing out. So, are there new safe havens. Is anything safe? Simon Smith of FxPro hosted a discussion about this topic with Michael Derks (FxPro), Gonçalo Moreira (FXStreet) and myself. In search for [&hellip

Markets Buy Spain’s Wishful Thinking (For Now)

Markets Buy Spain’s Wishful Thinking (For Now)

Spain thinks it can get funds using a lightweight solution of a credit line. This wishful thinking is currently accepted by the markets, who are giving the euro-zone’s fourth largest economy the benefit of the doubt, says Michael Derks of FXPro.  In the interview below, Derks discusses the EU Summit, the timing of additional British [&hellip

Where are Currencies Going in Q4? (Video)

Where are Currencies Going in Q4? (Video)

Simon Smith of FxPro hosted an online discussion about various currencies in the wake of Q4, with Michael Derks of FxPro and myself. In the video below, we discussed the euro, Aussie, cable and more, talking about charts and fundamentals. After trading in a narrow band, where is EUR/USD going? Is it about to “explode” [&hellip

Beyond Greece: Italian Yields, Japanese Weakness and NFP (Video)

Beyond Greece: Italian Yields, Japanese Weakness and NFP (Video)

The Greek PSI results are taking over the news and sidelining rate decisions. Yet after the results will be made known, other issues will continue rocking the markets. In the video below, Michael Derks of FxPro discusses others issues moving currencies. Italy is making progress, especially in comparison to Spain, Japan’s current account weighs on [&hellip

Bridge Loan Preferred Scenario for Greece (Video)

Bridge Loan Preferred Scenario for Greece (Video)

EUR/USD is moving up towards the 1.3280 line on strong optimism that the bailout package for Greece will be signed off today. Is this optimism justified? Michael Derks of FxPro discusses the finance ministers meeting in Brussels and the possible outcomes in the video below. A bridge loan will prevent a default when Greece needs [&hellip

Progress on Europe for now

Progress on Europe for now

European leaders finally thrashed out a comprehensive response to their sovereign debt and banking crisis which culminated in a detailed communiqué released this morning in Brussels. This is a summary of the key features of this document together with our assessment of its effectiveness: By Michael Derks of FxPro After enormous pressure from both the [&hellip