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)
Follow- Newest
- Popular
USD/JPY 155 in focus around US inflation, BOJ meeting: The Week Ahead
155 has become the latest 'glass ceiling' for the rapid rise of USD/JPY. And with a key US inflation report, BOJ meeting and potential for risk-off sentiment next week, this key level could be tested and prompt a response from Japan's central authorities.
Crude oil spikes on reports of Israeli airstrike, gold threatens new high
WTI crude oil was up over 4% during the Asian session on reports that Israel’s middles had struck a site in Iran, further fans fears of a broader-scaled war in the middle East.
US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open
The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%.
US dollar ponders correction as bond prices approach support
The US dollar has risen around 6% from the late December low. And with bond prices approaching support which could send yields lower, the US dollar rally could at least find some headwinds - if not a retracement.
AUD/USD holds 64c ahead of AU jobs, crude oil slips 3%: Asian Open
The US dollar snapped a 6-day winning streak to allow AUD/USD to rebound from 64c in line with yesterday’s bias. And if AU employment figures perform today, it could extend its gains for a second day.
EUR/USD, DAX may be down – but they’re not fully out
The US dollar has dominated sentiment for markets this past week, but with signs of momentum waning there may be hope for a rebound on EUR/USD and DAX - even if only minor.
AUD/USD, ASX 200 dragged lower during risk-off trade: Asian Open
A risk-off tone ensued across global markets to send the US dollar higher, to the detriment of AUD/USD and the ASX 200.
USD/CAD analysis: Canadian CPI in focus for BOC clues
With the odds of a Fed cut arriving this year now in jeopardy, it is now over to the BOE, ECB or BOC to take the title as ‘first to begin easing’. And that brings Canadian CPI data into focus today for CAD traders.
USD/JPY eyes 155, WTI crude oil looks set to bounce: Asian Open
USD/JPY is less than a day's trade from 155, a level an ex-FX diplomat warned could trigger an intervention if breached. WTI crude oil seems to have solid support above $84, to hint at a swing low.
Dow Jones, Nasdaq forecast: Key levels for US indices
The recent underperformance of the Dow Jones has not come without warning, as asset managers have been reducing their net-long exposure for several weeks now. Yet the Nasdaq remains above 18k, which means it may be better suited for bulls should sentiment improve and leave the Dow Jones for bears to consider fading into, should prices rebound.
US dollar, yen, VIX, gold, crude oil analysis: COT report – April 15, 2024
Net-short exposure to yen futures rose to a 16-year high last week, and now within reach of its record. Asset managers appear to be on the right side of the US dollar trade, with large speculators remaining net-short despite the dollar's rally. Net-long exposure for oil and gold futures continued to trend higher, but neither are at levels which screams sentiment extreme. And asset managers are on the cusp of flipping to net-long exposure to the VIX.