Matt Simpson

ASX200: The Long And Short Of It | Beach Energy, Wesfarmer, Invocare

06 Dec 2019 @ 09:55
ASX200: The Long And Short Of It | Beach Energy, Wesfarmer, Invocare It’s been a volatile week for equities globally, which were initially spooked on Tuesday another negative print from ISM manufacturing report. Whilst we’ve seen a minor rebound on Trump’s reassurance that “talks are going well” the markets aren’t really ‘buying it’, so we […]
 

BOC Optimism and Firmer WTI Boosts CAD | CAD/JPY, WTI

05 Dec 2019 @ 08:36
BOC Optimism and Firmer WTI Boosts CAD | CAD/JPY, WTI BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher. The statement was indeed one of optimism, although not hawkish as there is clearly no bias to raise rates. But with a relatively high OCR of 1.75%, it […]
 

AU GDP Miss Undermines RBA’s ‘Gentle Turning Point’

04 Dec 2019 @ 08:30
AU GDP Miss Undermines RBA’s ‘Gentle Turning Point’ It didn’t take twitter long to react and compare the soft GDP read to RBA’s expectations. As we outlined yesterday, RBA gave themselves some very soft targets to hit and a long time to achieve them. Given they explicitly said publicly they’ll ease further if they’re not […]
 

RBA Hold Rates, Yet Could ‘Ease' Their Way Into 2020

03 Dec 2019 @ 08:52
RBA Hold Rates, Yet Could ‘Ease’ Their Way Into 2020 In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts. What made this meeting more interesting was that it followed on from Lowe’s highly anticipated speech last week, title “Unconventional Monetary Policy: […]
 

ISM Rattles Sentiment - Are Equities In For A Repeat Of December 2018?

03 Dec 2019 @ 08:50
ISM Rattles Sentiment – Are Equities In For A Repeat Of December 2018? It was another sea of red where the ISM manufacturing report was concerned. The S&P500 took notice. Manufacturing PMI contracts for a fourth consecutive month. New orders and employment contracting back near post-GFC lows. Prices (manufacturing inflation) contracted at their fastest pace […]
 

S&P500: The Long And Short Of It | AMD, United Technologies, Apache, NiScource

02 Dec 2019 @ 09:32
S&P500: The Long And Short Of It | AMD, United Technologies, Apache, NiScource As my colleague Kelvin Wong noted, there are no clear signs of exhaustion on the S&P500 which sits just off record highs. Whilst Friday was a bearish close, it warns of a minor pullback at best as there is no evidence of a topping […]
 

Risk-On Start To The Week On Firmer China PMI Reads

02 Dec 2019 @ 09:30
The week began with an element of risk on thanks for positive Chinese data over the weekend. China’s manufacturing PMI expanded in November to break a 7-months stretch of contraction according to China’s National Bureau of Statistics (NBS). At 50.2, it’s the highest read since March and backed up by new orders expanding to 51.3. […]
 

USD Could Be In For A Tough Month In December

28 Nov 2019 @ 09:17
The dollar index has stalled near resistance levels as we approach December, a month which is typically bearish for the Greenback. A weaker USD could help NZD/USD break higher for oversold levels and USD/CHF fall from parity. Matt Simpson takes a technical look. City Index: Spread Betting, CFD and Forex Trading on 12,000+ global markets […]
 

Trump Bumps Risk Appetite By Signing Hong Kong Bill

28 Nov 2019 @ 09:15
Well, Trump finally did it (no, not the Putinesque image of himself as a boxer) – he signed the Hong Kong Treaty after UK markets closed, sending risk appetite into a tailspin. As always, his timing raises questions, given the US markets had closed ahead of tomorrow’s Thanksgiving public holiday. But then I guess this also allows […]
 

FTSE: The Long & Short Of It | EasyJet, Compass, Hiscox

26 Nov 2019 @ 08:53
FTSE: The Long & Short Of It | EasyJet, Compass, Hiscox The FTSE 100 trades just shy of 7440 resistance, although yesterday’s relatively small range and tall upper wick shows a hesitancy to break higher. As it currently trades around levels which triggered a -5% and -3.2% decline since October, it would be prudent to […]
 
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