Matt Simpson

If you’re a bull – don’ t move. Bears, lean right on in as a break of this neckline could confirm a larger, bearish reversal on the Dow Jones Industrial index (DJIA). Last week we questioned the ‘rebound’ on the DJI. Citing unfavourable seasonality, false breaks on the S&P500 and Nasdaq along with a potential […]

As far as currency moves are concerned, the European elections were almost a non-event as no gaps across Euro pairs were seen on Monday. And, with the US and UK on holiday and a general lack of economic data on tap, it’s been a quiet start to the week. And with volumes set to return, […]

With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. […]

On Sunday night during quiet trade, Bitcoin rallied 7% within an hour to take it to fresh highs and see the crypto currency higher on a year over year basis for the first time since November. Given the strength of the underlying move and the fact that, when Bitcoin moves, it can do so without […]

Trade wars are clearly taking their toll on markets. Yet the bigger picture for the CRB index (and therefor its components) suggests it may have seen a cyclical top. Whilst the bleeding on equities has slowed to a degree, the weakness among commodities overall cannot go unnoticed. For this we can take a broad look […]

Risk-off may have taken a breather, but that doesn’t necessarily mean its over. And, looking at the price action on USD/JPY and USD/CHF, perhaps it’s time for another bout of risk-off. The Japanese yen began to see inflows today when Japan’s PMI contracted after a 1-month hiatus ‘expanding’. Yet reports that Panasonic had halted component […]

Despite trading over 11% higher year to date, Boeing has depreciated nearly 14% these past three months, so it shouldn’t come as much of a surprise it has significantly underperformed the S&P500 and industrials sector. And the bearish trend structure suggests there could be further downside to come. Bearish momentum since the March high has […]

The rebound this week appears somewhat lacklustre for the Dow Jones Industrial Average (DJIA). So if momentum struggles to pick up, we’re watching a potential bearish reversal to materialise on the daily chart. Currently -2.6% lower, ‘sell in May’ appears to be playing out. Admittedly its seasonal tendency this month of the year is not […]

NZD/JPY has had a rough couple of months, shedding nearly -7% from its March high. Now within a consolidation phase, we’re on the lookout for a breakout, one way or another. We can see on the daily chart the trend is clearly bearish with its strong momentum, lower lows and shallow pullbacks. Yet given the […]

We’re monitoring Ingersoll-Rand for a potential break higher. It’s continued to defy gravity despite the broader market selling off, so if sentiment is to improve it could have another crack at those highs. Currently up 33% year to date, price action is now coiling within a bullish triangle formation. The trend structure is clearly bullish, […]