Matt Simpson

Equity markets came under pressure in the US session when it was announced that the Democrats will indeed begin an impeachment inquiry on Donald Trump. This shouldn’t come as a major surprise, given the famous equity-touter in chief has provided the ‘Trump-pump’ to support equity markets more times than one can remember. Still, it’s the […]

RBNZ are expected to hold tomorrow, which could leave potential for NZD crosses to bounce is there’s no easing bias in their statement. Unless of course RBNZ want to throw another curveball and cut another 25 bps. On the 7th August, RBNZ went above and beyond with a 50-bps cut, catching many off-guard who were expecting […]

Whilst FedEx Sounds The Alarm For Global Trade, Can UBS Weather The Storm? Whilst FedEx Corp is on the brink of breaking key support, UPS is just 4% from its YTD. Disappointing earnings and a lowered full-year outlook saw FedEx plummet over -10% at market open last Tuesday, and it was the main reason behind […]

Bears have relinquished control over Netflix, pushing the stock to its lowest level since early January.   It’s been a tough quarter for Netflix, having shed over 30% since its peak in July. Whilst there were signs the bearish move was losing momentum, it struggled to break back above $00 before rolling over last week. […]

Weekly COT Report: Dollar Bears Throw In The Towel As of Tuesday 17th September: Traders increased net-long exposure to the USD by $2.2 billion, taking bullish exposure to a 3-month high of $15.4 billion Bullish exposure to the USD index (DXY) was at a 29-month high Traders were the least bearish on AUD in 6-months Net-short […]

Samsung’s Breakaway Gap – The Beginning Of Something Larger? A bullish breakout gap from a multi-month reversal pattern suggests Samsung’s run could just be getting started.   Starting on the weekly chart, Samsung enjoyed a strong bullish run throughout most of 2016 to 2018, before embarking on a 15-month correction. Coming in three distinct waves, […]

Volatility on Bitcoin had been uncharacteristically tame these past few sessions. Yet anyone sleeping behind the wheel would have been caught off-guard midway through Asia as prices spiked lowe. The retrospective driver is yet to surface, although the Japanese yen had strengthened whilst yields fell around the same time, in turn causing the US10-JP10 year […]

AU Unemployment Rises, RBA To Ease Again In October? Headline employment data disappointed, increasing the probability of another RBA cut in their October meeting. Unemployment rose to 5.3% (highest rate since August 2016) +34.7 jobs were added, yet the headline figure was propped up by part-time workers Full-time jobs fell by -15.5k Participation rate hits […]

The zone around $1480 remains key as it could be the difference between a bearish reversal or bullish continuation. Part of the reason gold has rallied so well this year is due to the markets expectation that the Fed are now on an easing cycle. So, it could be argued that gold is holding up […]

Samsung has seen an intraday break of key resistance, yet volumes are low and bears may have a case to make. Whichever camp you’re in, keep a close eye on price action around current levels as it could pace the way for a sizable move in either direction. Bullish clues: Trade tensions between US and […]