Matt Simpson

The world of crypto remains in a state of consolidation after last week’s double-digit losses. The divergence between alt-coins and Bitcoin has also been obliterated since they all fell in tandem, which itself suggests something bigger is going down in the crypto space. It’s also worth noting that Bitcoin appears to have lost its safe-haven […]

RBA Cut Rates To A Fresh Record Low With futures markets implying an 80% chance of a cut, and around 70% of economists also on board, then it was always going to take more than a simple cut to sink AUD today with any vengeance. Yet looking through their October statement suggests that an easing bias remains, […]

It’s A Fine Line Between Bullish & Bearish on S&P500 | Apple, Netflix As we highlighted in last week’s video, two bearish monthly candles warn of a potential top, although whilst prices hold key support bulls are well within their rights to have another crack at the highs. And they may take comfort in the fact […]

AUD Under Pressure Ahead Of Tomorrow’s RBA Meeting RBA are expected to cut rate tomorrow by 25 bps, to a new record low of 0.75%. RBA last cut rates back in July, having already done so in June to shave 50 bps over the two months, which takes the total amount of cuts to 14 […]

Weekly COT Report: Bullish Exposure To USD Hits A 3-Month High As of Tuesday 24th of September: Bullish exposure to the USD is at $17.4 billion, its highest level in 3-months CAD traders reduced net-long exposure by -15.2k contracts, their least bullish positioning since June Net-long exposure to JPY was reduced by 11.1k contracts Bearish […]

The FTSE 100 has lagged its US and European counterparts this year, but that doesn’t mean it doesn’t try to play catch-up. We noted that US indices have respected key support levels along with USD/JPY, which paints a glimmer of hope we could be headed for a bout of risk-on. If so, it could provide […]

It Could Be Make Or Break For The Aussie, With Several Pairs Sitting At Support With several AUD pairs sitting at key levels, it could be approaching a time for a make or break for the Aussie AUD/USD remains within an established bearish channel on the daily chart. The September rally stalled around the 50% […]

Apple is coiling at the highs within a potential continuation pattern. Given the strong bullish trend, we’re monitoring prices for a break higher. Overall the price action has been predominantly bullish this year, although the trend has not been without its bumps. Despite an okay earnings report, prices sold off at the end of July […]

A stronger USD, prompted by the Trump probe, has seen metals under pressure with gold shedding over -1.8% by the close. Whilst prices have remained supported above 1,480 the potential for near-term weakness seems apparent, given yesterday’s 2-bar reversal. Eagle-eyed candlestick traders could note that yesterday’s bearish bar doesn’t quite pass as a bearish engulfing or outside day. Yet...

Crypto currencies went into freefall earlier today, with Bitcoin falling over 20% at the low of the session. Now, these are my own observations and cannot say for sure the following element are connected. Yet I cannot help but notice that crypto sold off heavily following the announcement of impeachment proceedings whilst stocks were in freefall. This […]