Matt Simpson

DXY and EUR/USD Retreat From Key Levels Ahead Of Fed Traders have become less bullish on the USD recently. As of last Tuesday, traders had reduced net-long exposure on DXY to a 6-week low. Bullish exposure fell -6.2k contracts (its largest bullish reduction since March) and the move was fuelled by closure of longs and increase […]

A dovish ECB propelled gold to a 2-week high and closed on a key resistance level, suggesting bulls are preparing to break gold from its corrective channel. Gold has rallied an impressive 17% this year so far, although at its peak in September it was over 21% higher. Prices have since retraced, provided a failed […]

The FTSE 100 continues to chop its way around between key levels, yet with resistance nearby, upside could now be limited. The recovery form 7000 has so far come in 3 waves. As momentum from the lows pales in comparison to the decline from 7441 to 7000 the rebound still looks corrective. Furthermore, yesterday’s high […]

Traders are always trying to decipher the underlying risk appetite of markets. So, if several gauges of sentiment all turn at once, it’s worth paying attention. BoJo’s Brexit setback has certainly dampened spirits for traders, although it remains unclear whether it’s a mere blip in the road or the beginning of a broad reversal of […]

The dollar remains under pressure and could well go on to print new lows. Yet over the near-term, could be due a bounce. By Friday’s close, it was the worst 12-day trading period for the US dollar index (DXY) since August 2018. And whilst it remains within a bullish channel, the magnitude of its decline […]

S&P500: Long and Short of It | S&P, Starbucks, Assurant The S&P E-mini closed the session with a bullish engulfing candle yesterday and has broken to an intraday high in Asia, on the back of positive news on the US-China trade negotiations. According to President Trump, China has indicated trade talks are advancing, which raises […]

The British parliament’s first weekend sitting in 37 years saw the Letwin amendment triggered, yet reports that the government may have the votes to secure a deal saw GBP evade weekend gaps. This weekend the British Parliament held its first weekend sitting in 37 years to debate Boris Johnson’s Brexit deal. Cobbled together at the […]

Weekly COT Report: Yen Traders Flip To Net-Short As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on the Japanese yen The largest weekly change among FX […]

Whilst Bojo prepares for his showdown with parliament over the weekend, we look at implied volatility levels for Brexit-related markets No sooner had newswires frantically announced that a Brexit deal had been agreed, the DUP reiterated their views haven’t changed, meaning it’s unlikely to get through parliament his weekend, resulting jolts across GBP pairs and […]

After a firm close, bulls are clearly back in charge, so we look at two potentially bullish setups at the equity level. In the prior report we were looking for a potential swing high on the ASX200, starting that “a break above 6,660” invalidates the bearish bias. Given this level was blown to pieces today amidst its […]