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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AUD/USD, AUD/CAD Analysis: Hawkish BOC hike concerns doves
The Bank of Canada’s (BOC) hawkish hike weighed on sentiment as it rekindled some concerns that central banks are not as close to their terminal rates as originally thought.
Gold, ASX 200 Analysis: BOC and RBA hikes forces gold lower on Fed bets
A surprise hike by the BOC (and RBA earlier this week) saw tech stocks and gold fall but support yields as traders reconsidered the potential for the Fed to hike next week.
CAD, WTI Analysis: CAD/JPY coils at cycle highs ahead of BOC meeting
Whilst there are some bets that the BOC could hike, we suspect recent data continues to point to another pause with the risk of a slightly hawkish statement. Either way, we remain bullish on CAD pairs overall.
AUD/USD spikes higher as the RBA deliver a 25bp hike
The RBA decided to pull the trigger once more, and hiked their cash rate by another 25bp to a 13-year high of 4.1%.
Nasdaq, Dow Jones analysis: Get your headset around Apple’s key reversal
Price action suggests the relative performance between the Nasdaq 100 and Dow Jones could be at or near an inflection point. And Apple's stock price hints at a pullback following yesterday's key reversal day.
AUD/USD, ASX 200 analysis: AUD perks up ahead of RBA cash rate decision
Soft US economic data all but cements a Fed pause at their next meeting, helping to support AUD/USD ahead of today's RBA meeting (which has the potential to be live).
EUR/USD Analysis: Commitment of traders report (COT) 5th June 2023
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.
AUD/USD Analysis: Are the RBA on track for another hike?
A hot inflation report and hefty wage increase for minimum-wage earners has seen a rise in bets the RBA could hike at tomorrow’s meeting.
WTI, ASX 200, AUDJPY analysis: Oil prices gap higher on Saudi cuts
Oil prices gapped higher at the Asian open following the weekend's news that Saudi Arabia are to cut oil production by 10% from July, whilst improved appetite for risk helped the ASX 200 and AUD/JPY rally on Friday.
WTI Crude Oil Analysis: The Debt ceiling bill makes it to Biden’s desk
It appears that US congress actually want to enjoy this weekend, having managed to get the debt-ceiling bill passed through the House and Senate and onto Joe Biden’s desk for his signoff - with a full business day remaining.