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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GBP/USD, GBP/JPY: UK CPI in focus after soft prints from NZ, CA

The UK's 1-month OIS suggests ~48% chance of a 25bp cut from the BOE next month, which means today's inflation report is likely a key driver for GBP/USD on monetary policy expectations.

Research

AUD/USD probes support, Gold, Dow Jones burst to record highs in style

AUD/USD probed a key support level after erasing most of the past six days of gains in just two. And that suggests there could be further downside before bulls step back in. The combination of strong earnings, dovish Fed comments and softer Canadian CPI was enough to push gold and the Dow Jones to record highs, which enjoyed their strongest day's performance in 4 months and 13 months respectively.

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Hang Seng, China A50 looking to turn the tide

With support in place and momentum trying to turn higher, we’re now looking for additional gains on the China A50 and Hang Seng.

Research

USD index, USD/JPY show signs of stability, ASX breaks 8000

The post-CPI selloff of the USD has wound down, and price action suggests a bounce cold be due. The ASX has surpassed 8k for the first time on record, and bulls may be keen to seek dips.

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EUR/USD, AUD/USD traders flipped to net-long exposure: COT report

Large speculators flipped to net-long exposure to EUR/USD futures after a 2-week hiatus, whilst AUD/USD breached the bullish threshold for the first time in three years according to the commitment of traders report (COT).

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AUD/USD weekly outlook: Bulls eye the 200-week EMA

China's third plenum, New Zealand inflation and the Australian labour force report are potential drivers for AUD/USD this week.

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A busy week awaits, despite US data taking a back seat: The Week Ahead

US data steps away from the limelight to make way for inflation reports from the UK, Canada, New Zealand, and Japan. And throw in an ECB meeting, Australian employment report and the CCP's Third Plenum for good measure.

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July 12, 2024 02:32 AM
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AUD/USD pinbar shouldn’t deter bulls, USD/JPY gets whacked

It will likely take more than one bearish reversal candle to spoil the bullish trend structure of AUD/USD, and there's plenty of support nearby to excite dip buyers. USD/JPY has likely returned to a shell-socked state after a surge of volatility toppled the pair for a clear break below 160.

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July 11, 2024 11:40 PM
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EUR/USD firms up ahead of US CPI, gold appears hesitant to reclaim 2400

It seems there is already excitement in the air for a soft CPI report, with EUR/USD rising in today’s Asian session. But if CPI delivers an upside surprise, gold may be the better bet for bears over the near term.

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July 11, 2024 04:24 AM
Research

USD/JPY considers 162 ahead of US CPI, ASX 200 breaks out of compression

The ever-weaker yen allowed USD/JPY to drift higher for a third day, and now trades less than a typical day's range from the 162 handle - a level not tested since 1986. Wall Street indices reached record highs on dovish comments from Jerome Powell's testimony, and that bodes well for the ASX 200 today.

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July 11, 2024 12:01 AM
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Yen, AUD/USD, Gold, Dow Jones Analysis: COT report

Large speculators were on the cusp of reaching a record level of net-short exposure to yen futures last week, whilst they're also getting close to reaching net-long exposure to AUD/USD futures.