Matt Simpson
Matt Simpson
Market Analyst
Expertise: FX Macro, Technical Analysis, Sentiment
Trading Style: Mean reversion/inflection points, the occasional trend
Experience:
• Over 10 years analysis and trading forex, indices, gold and oil, and worked for several brokers across the APAC region including Australia and Singapore
• Experienced in system design and testing, professional trade signals, trade coaching and education
• Regularly quoted in the financial media such as Reuters, Bloomberg, CNBC
• A certified financial technician (CFTe) and hold a diploma of the Society of Technical Analysts (MSTA)
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GBP/JPY eyes break of its 2015 high
Assuming no curveballs from the BOE today, GBP/JPY shows the potential for a breakout for bulls ahead of the weekend.
AUD/USD plunges to 2-year low, Santa’s rally faces cancellation
AUD/USD plunged alongside Wall Street indices following the Fed's last meeting of the year. And if Santa’s rally is to kick in at all this year, it could be to pick up some of the crumbs left during yesterday’s volatile selloff.
ASX 200 Analysis: Santa’s rally timing could be down to the Fed
A decent bullish reversal candle has formed on the ASX 200 on Tuesday, which begs the question as to whether Santa’s rally is about to kick into gear. Although it is the FOMC meeting within the next 24 hours which could decide when or even if it starts at all.
USD/JPY, gold, S&P 500 analysis: How markets have traded around Fed decisions
The USD has remained supported on expectations of a considerably-less dovish Fed. But with 'Fed day' generally being bearish for the dollar alongside its tendency to selloff into the year end, I have an inkling we're heading towards a "buy the rumour, sell the fact" for the USD.
Nasdaq’s record high scoffs at Dow’s worst run in 12 years, ASX follows
Wall Street indices are just not on the same page at the moment, with the Nasdaq hitting a record high, while the S&P 500 trading sideways and the Dow chalks up its worst daily bearish streak in 12 years. And that's not good for the ASX.
Net-short exposure to EUR/USD reaches 4-year high: COT report
Not only are traders increasingly long the US dollar, they are also piling into short EUR/USD bets. And that could pave the way for a sub-parity euro next year.
AUD/USD weekly outlook: Bears eye a sub-63c Aussie
Of the several central bank meetings lined up this week, it is the FOMC meeting which is the most likely to directly impact AUD/USD. And anything short of a dovish surprise could see the Aussie continue lower through 63c.
A sobering day for gold and silver as US producer prices pack a punch
There's nothing quite like a volatile whipsaw to snap traders out of a lull, and that is exactly what we saw on gold and silver prices on Thursday, during a day of heavy losses. While I suspect price action to remain choppy, I also think they'll grind lower from here.
Why I don’t trust this bounce on AUD/JPY (as tempting as it looks)
Commodity FX pairs have failed to make much ground from the weaker yen, and with the RBA opening the door to cuts than I suspect the currency bounce on AUD/JPY could provide futile. And that there could be another large drop on the horizon..
AUD/USD support dependent on USD/CNH resistance, ASX set to bounce?
AUD/USD made a minor recovery from its 13-month low late on Wednesday, but whether it can muster up the strength for a decent bounce likely sits in the hands of USD/CNH. Although the ASX 200 could be set for a bounce with the Nasdaq reaching a record high and the S&P 500 close to its own ATH.