David Scutt
David Scutt
Market Analyst
Expertise: Macroeconomics/fundamentals, strategy, market education
Trading Style: Swing
Experience:
• Former FX spot, forwards and money markets securities dealer/trader with more than 10 years’ experience working in bank treasury
• Managing interest rate and liquidity risk
• Regularly featured in publications such as Reuters, Wall Street Journal and Australian Financial Review
• Ex markets and economics editor for Business Insider, covering macroeconomic and major market events in Asia
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Iron Ore Bears Eye Simandou Shock in 2025
A tidal wave of high-grade supply from Guinea’s Simandou project threatens to crush iron ore prices in 2025. With Chinese port inventories near record highs and global steel output faltering, the $100 iron ore era looks increasingly shaky. Bears have waited years for fundamentals to reassert themselves; next year could finally be their moment.
Gold in 2024: Records, Risk, and a Break from Old Relationships
Gold’s relentless 2024 rally has defied strong dollar headwinds and rising yields, smashing records and flipping traditional relationships on their head. Is it still a safe haven, or has the game changed for good?
USD/JPY Technical 2025 Outlook Preview
USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.
USD/JPY Fundamental 2025 Outlook Preview
USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.
Nasdaq Bounce or Break? 21340 Becomes the Battleground
Nasdaq futures are wobbling after the Fed’s hawkish cut, but 21340 is holding firm—for now. Will this level anchor a rebound, or are deeper losses lurking just below?
NZD/USD: Kiwi Craters as Deep Recession Fuels RBNZ Rate Cut Bets
New Zealand’s economy is in freefall, with a deep recession and dire GDP data sparking bets on aggressive RBNZ rate cuts. Add a hawkish Fed twist, and NZD/USD has plunged to two-year lows. Could .5515 be the next stop?
AUD/USD, USD/CAD, NZD/USD: Commodity Currencies Hitch a Ride on China’s Yield Curve Rollercoaster
Commodity currencies are dancing to the tune of Chinese bond yields, with AUD/USD, USD/CAD, and NZD/USD locked in striking correlations. The Fed’s dot plot may stir the pot later today, but China’s yield curve rollercoaster isn’t slowing down anytime soon.
NZD/USD: Rebound Hopes Rise but Fed Rate Path Remains Key
NZD/USD has been as flightless as its namesake in 2024, but with a hawkish Fed rate cut expected and signs of life at home, could the Kiwi finally be ready to spread its wings?
USD/JPY, Nikkei 225: Yen Slides, Equities Eye Breakout on Rising US Yields
USD/JPY breaks higher as surging US yields keep the yen under pressure. Nikkei 225 traders are taking note, pushing futures towards the top of the recent range before the Fed and BoJ rate decisions – is a bullish breakout on the menu?
USD/JPY weekly outlook: Fed and BoJ decisions to ignite FX market volatility
Two central banks, one decisive week for USD/JPY. As the Fed and BoJ set policy hours apart, the pair’s 2025 trajectory hangs in the balance.
AUD/USD, NZD/USD: Fed Meeting cements shift from China proxy to rates play
Temporarily shifting from China proxies, AUD/USD and NZD/USD are now dancing to the tune of rate differentials. With the Fed set to update its economic projections next week, traders are eyeing a potential hawkish twist that could amplify Antipodean anguish. Will its rate signals intensify the USD’s dominance, or offer a lifeline to the Aussie and Kiwi?