Matt Simpson

Add business sentiment to the growing list of economic data that continues to outperform expectations in NZ. Back in Q3 the index has dropped to its lowest level since 2009 at -40. And whilst Q4’s read is still technically pessimistic at -21, it has almost halved in just one quarter and posted its strongest quarter […]

Weekly COT Report: USD Bulls Shed $10 Billion Of Exposure As of Tuesday 7th January: Net-long exposure to USD fell to $4.3 billion. At -$10.2 billion from the prior week, it’s the least bullish investors have been to the dollar since June 2018. Traders were the most bullish on GBP since May 2018. Large speculators were […]

With both the US and Canada set to release employment figures at 13:30 GMT, USD/CAD warrants a look. Data has generally undershot expectation for Canada since the end of November. Given BOC have a base rate of 1.75%, it appears to be only a matter of time before they’re forced to lower rates. Yet Poloz […]

Now just shy of 7,000, bulls finally managed to break the index above the financial crisis highs.   Healthcare and consumer discretionary sectors have continued to lead the way these past 52-weeks (and obviously the ASX200). Although it is Health care and consumer service stocks which have outperformed this week. In fact, even energy has […]

S&P500: The Long & Short Of It | KSU, FBHS, CRM, DLTR The S&P500 made a fresh all-time high on an intraday basis, yet closed back beneath the 3258.10 high. It’s not quite a bearish hammer, but it does show a hesitancy to break higher for now. Still, E-mini futures posted an elongated, bullish hammer […]

With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown. We can see on the weekly chart that GBP/CHF remains in a long-term bearish trend. There have also been four failed attempts to break above the 200-week eMA, with the most recent attempt being […]

It’s been a turbulent session, but that’s not to say risk cannot pick itself back up from here. If Trump allows. It was clearly a game of two halves for traders, with risk-off dominating the first half upon news of Iran attacking US bases in Iraq. Yet fears subsided and markets reversed course when it was confirmed […]

Middle East tensions escalated. And they could come mightily close to taking the lift. Earlier in the session, Twitter streams were jammed of reports of missiles being fired at US airbases from multiple unverified ‘sources’. Not that it needed to be verified, as gold was already beginning to rally with crude oil, whilst US futures turned lower […]

Market Brief: A Ballistic Start To A U-Turn Ending FX Brief: The main driver through Asia was reports that US bases were under attack across Iraq. Later confirmed by the Pentagon whilst Trump remained eerily silent, gold, WTI and safe havens rose in tandem whilst US futures fell. Yet tensions receded once it was confirmed there were […]

AUD/NZD Considers Bearish Breakout After a month confined to a range, AUD/NZD could be building up towards another leg lower. The decline from 1.0865 came hard and fast, shedding over -4.4% in five weeks. That there were no pullbacks apparent on the daily timeframe serves as a testament to the strength of its decline. Sure, it’s […]