David Scutt

David Scutt 125

David Scutt

Market Analyst

Expertise: Macroeconomics/fundamentals, strategy, market education

Trading Style: Swing

Experience:

• Former FX spot, forwards and money markets securities dealer/trader with more than 10 years’ experience working in bank treasury

• Managing interest rate and liquidity risk

• Regularly featured in publications such as Reuters, Wall Street Journal and Australian Financial Review

• Ex markets and economics editor for Business Insider, covering macroeconomic and major market events in Asia


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japan_05

USD/JPY outlook hinges on continued US interest rate recalibration

The Japanese yen continues to dance to the tune of US interest rate expectations and broader risk sentiment, meaning events that may influence either of those areas should be the focus for USD/JPY traders this week.

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Today 03:00 AM
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Hang Seng, China A50 seeking fresh bullish catalysts to power market recovery

China’s state-endorsed equity market recovery continues to go from strength to strength, building upon a lengthy and growing list of measures being rolled out by policymakers designed to coerce traders into buying. Perhaps the broader bear market trend may be coming to an end?

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February 21, 2024 08:21 PM
japan_02

Ducks have lined up for Nikkei 225 to test its 1989 high

If there was ever a day for Japan’s Nikkei 225 to overcome its demons and take out the record high set in December 1989, few screen better than today. The ducks look to have lined up for bulls. If we can’t set a new peak, it may provide a subtle warning that the market has run too hard, too fast.

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February 21, 2024 05:54 PM
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NZD/USD: Respect the range until the Kiwi doesn’t

Some FX pairs like to gravitate towards big figures but not the NZD/USD. It’s clearly a fan of doing things in half big figure increment, proving plenty of opportunities to build trades around.

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February 19, 2024 10:23 PM
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USD/JPY, USD/CNH uptrends under threat as dollar rally splutters

The US dollar rally since the start of the year is showing signs of fatigue, unable to build upon gains last week despite widening yield differential between the United States and other major nations, including in Asia.

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February 19, 2024 08:57 PM
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AUD looks constructive against EUR, GBP following latest reversal

Attempts to ram EUR/AUD and GBP/AUD into higher trading ranges failed last week, suggesting the Aussie dollar may be starting to rediscover its mojo against some major European crosses.

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February 19, 2024 12:00 AM
Gold bars article image for an article on Precious metals and Gold

Gold didn’t last long below $2000 despite higher US yields and dollar

Higher bond yields, stronger US dollar, no major escalation in geopolitical tensions in the Middle East. It’s the kind of backdrop you wouldn’t expect gold to thrive in. But its first probe below $2000 per ounce in 2024 didn’t last long, rebounding strongly to push back into the range it’s been operating in since mid-December.

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February 18, 2024 08:40 PM
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China market performance post Lunar New Year key for AUD/USD outlook

With the US dollar unable to find traction despite shorter-dated US yields rising to the highest level since mid-December, there are grounds to suggest AUD/USD may be able to break stubborn resistance located above .6530 in the days ahead.

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February 18, 2024 01:00 PM
japan_02

USD/JPY reclaims 150 as US yields push higher into producer price inflation report

Look no further than relative central bank interest rate expectations if you’re wondering what’s driving USD/JPY right now. The pair is moving in lockstep with US two-year Treasury note yields, running with a positive correlation of 0.96 on the daily over the past month.

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February 15, 2024 09:15 PM
Australian flag

AUD/USD, ASX 200 rapid rebound gathers pace despite warning from rates markets

Despite lacklustre corporate earnings and rebound in US bond yields, the spectacular rally in AUD/USD and Australia’s ASX 200 only gathered pace in the second half of Thursday’s trading session, leaving both markets eyeing off potential topside breaks.

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February 15, 2024 06:33 PM
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Gold, crude oil looking heavy despite reversal in bond yields, US dollar

Gold and crude oil are looking heavy despite a large reversal in US bond yields from the highs struck on Tuesday, unable to find any meaningful traction despite the improvement in risk appetite and softer US dollar.

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February 15, 2024 12:46 AM