Nick Beecroft

Nick Beecroft

USER AND ACCOUNT INFORMATION
Date of birth:
04 March 1960 
Gender:
Male 
Nationality:
British; of the United Kingdom 
Timezone:
(GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London 
Interest:
12 elements in forex
26 elements in commodities
56 elements in equities
25 elements in macro
 View interests
User type:
Community member, Blogger, Saxobank employee 
Trading experience:
Veteran (>5 years) 
Company:
Saxo Bank 
Title:
Senior Markets Consultant  
Nick Beecroft, Saxo Bank, 03 February 2012

UK Services PMI a barn-stormer; More QE on hold

Another strong UK economic release! Is this the first stirrings of hope for growth in 2012 in the UK? One certainly begins to question whether the Bank of England's Monetary Policy Committee will rush into more Quantitaive Easing next week. Read more
84 Views
7 Likes
0 Comments
Nick Beecroft, Saxo Bank, 01 February 2012

UK Manufacturing PMI - positive surprise

Are green shoots appearing in the UK? Icy blasts from the Eurozone would kill them in an instant. Enjoy the bounce in Sterling versus the US Dollar while it lasts! Read more
115 Views
9 Likes
0 Comments
Nick Beecroft, Saxo Bank, 25 January 2012

Bank of England meeting minutes analysis: more QE from March?

The MPC seems to have some confidence in the economy - both domestically and internationally. While pleased to see inflation has begun its long-predicted fall, it wants a few more months of data before sounding the all-clear and the QE green-light. Read more
114 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 24 January 2012

UK GDP and Bank of England minutes preview

The Bank of England's Monetary Policy Committee minutes are expected to emphasize that Europe is the swing factor in terms of the likelihood of further QE next month. Provided there is no major change in the EU landscape, my bet though is March. Read more
205 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 18 January 2012

Euro takes heart from IMF fund boost

The Euro attracted a bid as soon as the story broke that the International Monetary Fund, (IMF), is supposedly going to seek to raise its lending capacity by USD 500 bn to USD885 bn. Read more
294 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 18 January 2012

Euro caught in twilight world

The FX markets continue to inhabit something of a twilight world, which might even be said to be divorced from reality. Read more
252 Views
3 Likes
0 Comments
Nick Beecroft, Saxo Bank, 17 January 2012

UK inflation figures fall as expected (almost)

The UK Inflation figures for December, released this morning, behaved almost impeccably, with just a minor disappointment being the slightly smaller than expected fall in year-on-year Retail Price Inflation. Read more
95 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 13 January 2012

Any remaining interest rate prop for Euro may disappear soon

The ECB may relax its criteria for the collateral it will accept from banks in a bid to ensure they don't run out of eligible collateral at the next 3-year Long Term Refinancing Operation. If this occurs there could be huge LTRO take-up in February. Read more
120 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 13 January 2012

Q1 Monetary Policy: Major central banks

Federal measures which are already baked-in mean US fiscal policy will impose a small drag in 2012 and will essentially remain paralysed until 2013. In the EU, the probability is we will see yet another crisis summit in Q1 and Germany will cave in. Read more
93 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 11 January 2012

ECB and Bank of England meeting previews

Monetary policy meetings will be held in the Bank of England and European Central Bank tomorrow and the latter at least has the potential to deliver important new developments. Read more
211 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 10 January 2012

Quiet markets indulge in misguided CHF speculation

The markets display an eery calm given the threats and uncertainties lurking. EURUSD shows mild strength while AUDUSD flourishes on strong construction figures. Of focus is whether the new SNB head will pursue a weaker CHF with the same zeal. Read more
266 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 06 January 2012

UK M4 figures imply further Quantitative Easing

Is monetarism alive and well at the Bank of England? Read more
117 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 16 December 2011

David Cameron's stance in Brussels: smart or stubborn?

It was a high stakes gamble, which may yet turn out to be a very savvy political and economic move. Read more
126 Views
2 Likes
0 Comments
Nick Beecroft, Saxo Bank, 07 December 2011

BOE to surprise; ECB to keep us waiting?

Today sees monthly meetings of the monetary policy committees of both the Bank of England, (BOE), and the European Central Bank, (ECB), and my feeling is that any surprise is more likely to come from the former. Read more
198 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 30 November 2011

Central banks lower swap rates by 50 basis points

Maximum Intervention steps up a gear! Read more
217 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 30 November 2011

UK's Autumn Budget Statement - undiluted gloom!

The UK's days as one of the few remaining AAA safe-havens may well be numbered. Read more
85 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 24 November 2011

Potential ECB help for banks fails to help Euro

A quiet, Thanksgiving Day generally, and even a strong German IFO doesn't help the Euro. Read more
255 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 23 November 2011

Glimpse of BOE division and confusion, MPC minutes show

The Bank of England will keep rates on hold throughout 2012 and probably do more Quantitative Easing in Q1 2012. Read more
84 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 02 November 2011

ECB meeting preview: Rate cuts in sight?

Rates must surely be cut, but peripheral bond-buying is more important. Read more
214 Views
1 Likes
0 Comments
Nick Beecroft, Saxo Bank, 28 October 2011

Maximum intervention opportunities abound next week

The G20, Chairman Bernanke and President Draghi may join the maximum intervention party. The coming week also brings interesting UK economic data which might bring us back down to earth. Read more
226 Views
1 Likes
0 Comments
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    Biography
    An Honours Graduate from Oxford University, Nick Beecroft brings over 25 years of international trading experience within the financial industry, including senior Global Markets roles at Standard Chartered Bank, Deutsche Bank and Citibank. Nick was a member of the Bank of England's Foreign Exchange Joint Standing Committee.

    Contact: +44 207 151 2045
    Disclaimer
    Non-independent investment research
    This investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Saxo Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. » Read more
     
     
     

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