David Scutt

David Scutt 125

David Scutt

Market Analyst

Expertise: Macroeconomics/fundamentals, strategy, market education

Trading Style: Swing


• 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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China A50: Retest of range lows looms, testing buyer demand

Chinese equities have had plenty thrown at them in 2023. Yet, despite the challenges, some mainland indices such as the FTSE A50 are holding up alright.

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Today 06:15 AM
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Lithium sector breaking down as bond yields burst higher

Global X’s Lithium & Battery ETF, under the ticker code ‘LIT’, is one of the many victims from the recent surge in risk-free rates.

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USD/JPY, AUD/USD, USD/CNH: Fading intervention that fails fundamentals

Any attempt to support JPY through direct market intervention is unlikely to have success beyond the short-term when the fundamentals are so strongly working against it.

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Today 01:39 AM

AUD/JPY: A proxy trade on China’s outlook that does not involve USD

Having been driven by rate differentials for much of the past three years, AUD/JPY is evolving into an effective way to express a view towards China’s outlook that does not involve the US dollar.

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Yesterday 04:15 AM

USD/JPY: playing the range as BOJ invention threat counteracts fundamentals

Should the Japanese government order the Bank of Japan to intervene in FX markets, it deserves the savage USD/JPY bounce that will almost inevitably be coming its way.

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September 22, 2023 05:38 AM
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Nasdaq, Nikkei, ASX: Breaking down as the ‘bondcano’ erupts

After threatening for weeks to generate a sizeable volatility event, the combination of higher bond yields and US dollar looks to have delivered.

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September 22, 2023 03:10 AM

Gold should be getting hammered but isn’t - that’s interesting

If gold can’t weaken substantially in these conditions, when will it? And what happens when the tide eventually turns, with the US dollar and bond yields turning lower?

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September 21, 2023 06:01 AM

GBP/USD: BoE ‘hawkish hike’ likely required to prevent further downside

Only a ‘hawkish hike’ from the Bank of England (BoE) is likely to be enough to turn around the fortunes of GBP/USD given rapidly weakening fundamentals.

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September 21, 2023 01:43 AM
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ASX 200: pivotal week looms for Australia’s benchmark stock index

An uneventful year for the ASX 200 could be about to get a lot more exciting with the index perilously close to breaking long-run uptrend support dating back to the start of the coronavirus pandemic.

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September 20, 2023 03:39 AM
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USD/JPY: divergent central bank messaging generates renewed upside risk

The next few days will be pivotal for USD/JPY as rate decisions from the Fed and BOJ collide, providing an environment where we could get an explosive move in either direction.

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September 20, 2023 12:38 AM
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Nasdaq 100: higher, flatter Fed funds profile a headwind for tech stocks

With a significant amount of earnings generated overseas, and whose valuations are susceptible to rising risk-free rates, the Nasdaq 100 stands out as one market that looks particularly vulnerable.

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September 19, 2023 05:19 AM