Matt Simpson

The Swiss Franc Is Quietly Gaining Traction Against Its Peers Before we see broad strength into or out of a particular currency, its not uncommon to see one or two related pairs take the lead before the others catch up. And that appears to be what is happening across CHF pairs. CAD/CHF is on the […]

RBNZ held and refrained talking their currency down, seeing the Kiwi dollar spike higher across the board. Official Cash Rate unchanged at 1 percent Inflation remains below the 2 percent target mid-point but within our target range We expect economic growth to remain subdued over the remainder of the calendar year However, New Zealand’s export […]

Whilst RBNZ are expected to cut rates again tomorrow, it remains unclear how dovish the statement may be, given the mixture of weak economic data of late alongside a lower currency and improved US-China trade sentiment. According to a Reuters, 80% economists polled expect RBNZ to cut rates by 25 bps tomorrow. This would place […]

Gold’s Worst Week in 3 Years Sees Bears Firmly Back In Control Bulls failed to conquer key resistance at 1519.70 and prices have since rolled over. Given the series of doji’s, hammers and pinbars around this level it was apparent the level was a key focal point. Therefore, we warned that any weak break of […]

Weekly COT Report: Trade Optimism Supports CAD and AUD As of Tuesday 5th November: Large speculators were net-long USD by $12.2 billion, down by $0.34 billion the prior week CAD traders were their most bullish in two years AUD traders were their least bearish since January AUD also saw the largest weekly change, with net-short exposure […]

ASX200: The Long And Short Of It | XJO, NAN, NCM, BOQ, GNC A lacklustre finish for the week puts a potential head and shoulders top in focus for ASX200. We also flag a few equities we’re monitoring for breakouts. Australia 200 CFD/DFT: The index can’t quite manage to test 6,800, let alone break above it. […]

S&P500: Long Buybacks And Value? Whilst the S&P500 bullish trend rages on, there are near-term signs of exhaustion. Yet looking at the leaders and the laggards, it also appears that the driving forces behind these new highs has changed. It’s been a good week for energy stocks, with trade optimism and higher oil prices obviously […]

A ’Risk Reversal’ Could Finally Be Underway | JPY Pairs The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their anticipated corrections. With indices just off record highs and several markets pausing below key resistance (AUD/USD, EUR/JPY and USD/JPY, just to name a few), it suggests traders […]

November has been off to a much better start for USD than October ended. Add seasonality to the Mix and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing candles tend to provide bullish reactions on DXY. However, looking at seasonal data for DXY, […]

Key support on DXY (USD index) around 97 has proven its worth, seeing prices bounce higher and fly in the face of the bearish engulfing candles seen on the weekly and monthly chart. Whilst it’s still possible we’ll see DXY hit a new low, bullish momentum is firm so there’s potential for further upside. Out […]