Matt Simpson

The Clear Line In The Sand For DAX Traders Nobody is denying DAX has been a strong performer of late. Yet with signs of exhaustion at the highs after a relatively strong move, mean reversion could be on the cards before its next leg higher. Year to date, DAX rallied just over 28% which places […]

Wilkins Lays The Groundwork For BOC To Ease | AUD/CAD, NZD/CAD BOC’s Senior Deputy Governor Carolyn Wilkins delivered which appears to be laying the groundwork for a potential cut. Whilst she tips her hat to an economy which is “relatively well overall”, she pointed to regional differences and reiterated concerns over the “immense challenges” faced by […]

S&P500: The Long And Short Of It | AZO, JPM, VRSK, COG The S&P500 nudged its way up to a fresh all-time high yesterday. Without any obvious signs of a top forming, the bias remains bullish above 3069.90. 8 of 12 sectors trade at or just below their 52-week highs (or all-time highs, more to […]

Palladium prices have pulled back into a resistance zone, making it appealing to bearish swing traders. As mentioned in this week’s COT report, net-long exposure for Palladium has fallen to a 2-month low and we see potential for it to fall further, along with prices. According to Reuters polls, the median forecast for palladium prices in […]

Weekly COT Report: Dollar Bulls Cautiously Return As of Tuesday 12th November: Large speculators increased net-long exposure to USD by $2.1 billion, to $14.3 billion. Traders are their most bearish on JPY in 5-months. Short-exposure to CHF hit a 3-month high. AUD also saw the largest weekly change, with net-short exposure increasing by 14k contracts.   […]

FTSE: The Long & Short Of It | NXT, UTG, EMG, VSVS Next CFD/DFT (NXT): Since breaking above key resistance around 6,225, prices rallied to 7,000 and are now gently retracing within a tight, corrective channel. Moreover, the 50-day eMA and 50% retracement level are nearby to act as potential support. Bias remains bullish above 6,225, […]

So far, USD is on track for a positive close in November, a month which has historically been favourable to bulls. Yet nothing moves in a straight line and it appears bears could now have their say. DXY: A bearish outside day has formed and price action appears poised to retest the support zone around 97.86-98.00. […]

Market Brief: Antipodeans Drive FX Volatility Again FX Brief: It was another volatile session courtesy of the Antipodeans, with Australian employment missing the mark and sending AUD broadly lower. Whilst unemployment rose to 5.3% as expected, it was employment growth contracting for the first time since September 2016 (with fulltime employment also falling) which made its presence […]

Whether It Breaks Or Reverts To This Year’s Trend, 0.8500 Is Key For NZD/CAD Just as NZD/CAD tests a key level of resistance, it’s worth considering its potential for a change of trend. Personally, I think the bearish trend on NZD/CAD has been one of the better ones for FX traders this year. Since failing […]

The Aussie Tanks on Weak Employment Report | AUD/USD Unemployment rose back to 5.3% (after a 1-month hiatus at 5.2%) Headline employment contracted by -19k (+15k expected) – its first contraction since September 2016 Full-time employment fell -10.3k (+26.2k prior) Participation rate at a 4-month low of 66% (record high of 66.2% reached in August) […]