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, Bitcoin analysis: A rebound for risk does not equate to risk on
Risk assets may be on the rise, but it is more due to a pause in risk off as opposed to buyers rushing back in. Still, it could still allow for some bullish wriggle room on AUD/USD and bitcoin if sentiment allows.
The case for a base is building on gold, silver and copper
We’re seeing signs of market stability after a volatile and bearish start to the week. Wall Street indices clawed back some of Monday’s losses. And that could see support for metals such as gold, silver and copper. At least over the near term.
USD/JPY bull flag could temp bulls, ASX traders eye Wall Street stability
With USD/JPY holding above key support after the daily RSI reached its most oversold level since 1996, the 1-hour bull flag could tempt bulls. The ASX 200 also shows the potential for another leg higher, even if small.
S&P 500 analysis: The VIX posted its strongest spike in history
Market reactions over the past 24 hours have been well covered. But the VIX is worthy of a closer look, given it just posted its strongest single-day rally on record.
ISM services stifle stock rout, AUD/USD reverses ahead of RBA
An upside surprise on ISM services helped slow the bleeding on US stock markets and AUD/USD erase heavy losses ahead of todays RBA meeting. Nikkei futures rose 6% after its 12% plunge, which brings hopes for a bounce on the ASX 200 today.
USD/JPY, AUD/USD dive with index futures as volatility erupts
Wall Street’s post-NFP selloff was fully embraced in Asia, with the Nikkei plunging double digits, dragging USD/JPY to a 7-month low and AUD/USD falling over 2% in less than an hour.
Yen traders are likely already net long, VIX shorts plunge: COT report
We’ve seen a vast reduction of net-short exposure to yen futures over the past four weeks. And with the yen rising over 4% since Tuesday's close, it’s likely large specs are already net long.
AUD/USD weekly outlook: RBA meeting, speeches and ISM in focus
Two RBA speeches and a monetary policy decision along with updated RBA forecasts are the highlights of the week for AUD/USD traders on the domestic front. Although risk-off tones and an ISM services report could prove to be the bigger drivers.
ISM services could guide global sentiment: The Week Ahead
It has been another volatile week for traders thanks to weaker US economic data, a dovish Fed and a refreshingly hawkish Bank of Japan. ISM services is a key event from the US next week, but apart from that it is mainly second-tier data from the APAC region. And that means appetite for risk might be the main driver for markets next week. But given the larger moves already seen, we may need to lower out expectations for volatility unless a fresh catalyst arrives.
Nikkei buckles under the pressure of tech selloff, stronger yen
Thursday’s Wall Street selloff has been fully embraced by the Nikkei in today’s Asian session, which sank to a 5-month low due to risk-off trade and a stronger yen.
GBP plunges post BOE, ASX to gap lower as weak ISM rocks Wall Street
A weak ISM manufacturing report a day after a dovish Fed meeting (and on the eve of NFP) was just the ticket for risk off on Wall Street. GBP traders ignored the BOE's cautious stance on rate cuts.