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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Downward trend

AUD/USD lower as the RBA enters perpetual-hold mode

With no imminent reason for the RBA to hike or cut, the 4.35% cash rate seems here to stay. But the removal of their slight tightening bias weighed on AUD/USD.

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Today 04:55 AM
japan_02

USD/JPY, Nikkei 225: BOJ scraps negative rates but not bond buys, pressuring yen

A historic day for Japanese markets with the Bank of Japan (BOJ) hiking interest rates for the first time since 2007, doing away with negative interest rates in the process. It’s now over to the Fed to drive the price action over the remainder of the week.

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Today 04:21 AM
Chart showing uptrend

The US dollar could be undervalued if commodities continue to rip higher

Commodities are soaring, and of they continue to do so the US dollar could be undervalued as the case for any Fed cuts could evaporate.

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AUD/USD, USD/JPY in focus for RBA and BOJ meetings: Asian Open

1-day implied volatility for USD/JPY has risen to 320% of its 20-day average ahead of today's BOJ meeting, to show volatility is expected. And the best chance of AUD/USD enjoying its own volatility is if the RBA finally ditch their hawkish bias.

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GBP/USD hints at sentiment extreme ahead of BOE, FOMC: COT report

With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.

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AUD/USD weekly outlook: RBA, AU employment at the helm

AUD/USD, AUD/JPY, GBP/AUD and AUD/CHF could get caught on the crossfire between the RBA, BOJ, FOMC, BOE and SNB meetings next week.

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March 17, 2024 08:00 AM
    An office of traders with multiple trading screens

    Central Bank galore with BOJ, Fed, BOE, SNB and RBA on tap: The Week Ahead

    It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.

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    March 15, 2024 04:42 AM
    Close-up of market chart

    USD bears scramble, USD/JPY eyes breakout after US data: Asian Open

    US dollar bears scrambled for cover following hot US economic data ahead of next week’s Fed meeting, helping USD/JPY rise to a 5-day high and eye a potential breakout today.

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    March 14, 2024 10:23 PM
    Close-up of market chart

    GBP/USD, gold in focus for US PPI, retail sales: European Open

    GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.

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    March 14, 2024 05:24 AM

    WTI crude oil looks set to break $80: Asian Open – March 14, 2024

    After several weeks of choppy trading conditions, momentum has turned higher on WTI crude oil and a breakout above $80 is on the radar.

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    March 13, 2024 10:19 PM
    Forex trading

    USD/JPY seems best bet for bulls amid a mixed US dollar environment

    The US dollar rose for a second day, but its bearish reversal candle makes it less appealing to bulls. Yet USD/JPY shows promising signs of bullish mean reversion ahead of next week's BOJ and FOMC meetings.

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    March 13, 2024 03:05 AM