Matt Simpson

A bullish outside day on the US dollar index above the March lows suggests a corrective bounce could be due. Less dovish than expected comments from Fed members Powell and Bullard helped break the dollar’s bearish streak since last week’s FOMC meeting, proving reversal candles across FX majors. Whilst the G20 could still impact the […]

RBNZ held rates at record lows of 1.5%, opting not to play catch up with RBA’s 1.25%. Yet by reintroducing talk of a cut, they kept the door open easing in August. Statement summary The Official Cash Rate (OCR) remains at 1.5 percent A lower OCR may be needed over time Domestic growth has slowed […]

GBP/AUD is making hard work on its rebound from the June low, suggesting the move is corrective. and a break lower could be on the cards whilst key resistance holds. Matt Simpson takes a technical look. GBP/AUD’s ‘rebound’ from support lacks momentum. We can see support has been found at the April and June lows […]

RBNZ hold their OCR meeting less than 24 hours away. Whilst we expect they’ll hold, we suspect they may introduce a dovish tone, given the apparent ‘race to the bottom’ seen among the Fed, ECB and RBA recently. As we noted in previous reports, RBNZ signalled a cut in March before weak inflation data all […]

Bitcoin continues to defy gravity after piercing $11k on Friday. Yet with prices looking stretched, we suspect a retracement could be due before its trend continues. That said, Bitcoin has shown its ability to not look back once a move is underway so we cannot rule out an attempt from bulls to push it to […]

Whilst Tesla (Tesla CFD) appears set to snap a 3-month losing streak, we think its rally from the June low has had its day and prices could revert to its bearish trend. June has been a good month for Tesla so far, currently trading 19.8% higher and, at one-point rallying nearly 33% from its low, […]

With a long-term trendline broken and bears clearly back in control, the inflection point for the year has likely been seen. Just under two weeks ago, we outlined a case for USD/CAD to challenge long held views and perform a bearish reversal. At the time, it was resting precariously on its 2018 trendline, although the […]

Following today’s FOMC meeting gold prices exploded and stopped just shy of $1400, as the world digested the increasing ‘easiness’ of central banks policies. The Fed had confirmed their dovish stance nearer the end of the US session, with nearly half of the voting FOMC members expect two cuts this year. Shortly after, RBA’s Philip […]

The Fed all but confirmed the U-turn that many were expecting. Whilst rates remained on hold, almost half of voting members now see two rate cuts this year. Less than two months ago, the Fed were mostly united in saying the US economy was in good shape. Yet at this month’s meeting, the Fed dropped […]

It’s may not have been the best year for Boeing, but things took a turnaround after IAG signed a letter of intent to buy 200 of their 737 MAX jets and Korea Air Lines vowed to add 30 to their fleet. Furthermore, global sentiment had picked up on news that Trump and Xi would meet […]