Matt Simpson

Matt Simpson financial analyst

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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Bank notes of different currencies

EUR/USD in the crossfire of election polls, US inflation: The Week Ahead

Inflation reports are the main theme for next week, with figures set to be released from the US, Canada, Australia and Japan. EUR/USD traders might want to be on guard for headline risk surrounding French elections, as it is the last full week before votes are cast and that means polls could easily sway sentient for European markets.

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June 21, 2024 03:42 PM
commodities trading

Silver leads the breakout for gold, but resistance looms

Silver broke above $30 to reach a 9-day high today, before gold tried to mimic its move with limited success. And with silver stalling around resistance, I remain suspicious of the move higher on gold.

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June 20, 2024 04:05 PM
Close-up of market chart

USD/CHF traders are nervous of being ‘caught short’ ahead of SNB

Futures traders may be heavily net-short Swiss Francs, but the rapid rise of the currency this week ahead of the SNB meeting suggests some are wary of being caught short a less-dovish central bank.

Research

Hang Seng leads the way, ASX and China A50 set to follow?

The Hang Seng enjoyed its best day in three months. And with key support levels for the China A50 and ASX 200 holding, perhaps they can try to close the gap this week.

Research

AUD/JPY nears 2013 high, focus shifts to Australian inflation report

A relatively hawkish meeting from the RBA has supported AUD over the past 24 hours, sent AUD/JPY to an 11-year high and made next week's inflation report the more important.

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June 19, 2024 01:38 PM
Forex trading

158 continues to defy USD/JPY bulls, AUD/USD rebounds in style

Weak US retail sales alongside a relatively hawkish RBA statement gave AUD/USD a decent lift from range lows and further strengthened a case for a top to form on USD/JPY.

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June 19, 2024 09:35 AM
Graph showing a slow uptrend

China A50 could be teeing up for a rebound, Nikkei 225 remains trapped

The China A50 has shown early signs of stabilising around support levels after a 4-week decline. The bear case for the Nikkei is not dead, but it may be sleeping whilst it remains rangebound on the weekly chart.

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June 18, 2024 12:12 PM
japan_09

USD/JPY hints at another false break, AUD/USD looks set to bounce

The US dollar index formed a small bearish inside day after once again failing to hold onto gains above 105.20 for the second day in a row. This could allow for some mean reversion for soe of its FX peers, and for today we have a potential AUD/USD long and USD/JPY short in focus.

USD, EUR/USD, USD/CAD, Crude Oil, Dow Jones Analysis: COT report

Bears were busy last week as they piled into shorts against EUR/USD and the Dow Jones, and also reached a record level of net-short exposure to the Canadian dollar. And this was beneficial for USD bulls.

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AUD/USD weekly outlook: June 17th 2024

Price action remains choppy and challenging for AUD/USD traders on the daily timeframe or higher. This makes it better suited for intraday traders, or those seeking to trade the range by entering around the lows, exiting near highs or potentially fade into the for a move lower. It is not a glamorous way of trading, but for now we have clear levels AUD/USD is holding around.

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USD/JPY spikes higher post BOJ, but be wary of false moves above 158

Traders are clearly keeping a close eye on the 158 handle after USD/JPY spiked up to it. Note that we're yet to see a daily close above 158 since late April, which landed one day before the MOF first intervened this year.

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June 14, 2024 02:42 PM