David Scutt
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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USD Slides as Moody’s Downgrade Adds to Pressure: EUR, JPY and Gold Test Key Levels
The timing of Moody’s U.S. downgrade couldn’t be worse for a dollar already looking shaky. With EUR/USD and USD/JPY testing key levels and gold extending its bounce, traders will be watching trade and tax headlines closely to kick off the new week.
USD/JPY Forecast: Dollar faces trust test as Moody’s downgrade compounds haven doubt
Traders searching for clues in Moody’s downgrade may find little from past episodes. But in a market questioning U.S. credibility, USD/JPY could start to reflect that doubt.
USD/CHF: Rally loses steam with trendline test looming
After stalling below a key Fib retracement, USD/CHF has slipped back to familiar ground. With no clear momentum signal and limited data ahead, traders may need to watch support levels closely for clues on the next swing.
Crude Cracks, Gold Glitters, USD/JPY Drifts as Soft US Data Hammers Yields
Big downside surprises in US producer prices, retail sales, and factory output fuelled hopes the Fed could cut sooner, knocking yields and lifting equities. Gold loved it, crude didn’t—but FX markets stayed aloof, clinging to the charts over fundamentals.
Gold Slides, AUD/USD Reverses as Media Report Lifts Greenback
The greenback catches a bid on reports that currencies are not the focus of U.S. trade negotiations. Focus now shifts to Australian jobs data, US inflation inputs, and gold’s precarious technical break.
EUR/USD: U.S. CPI Miss Lifts Euro, but Treasury Yields Say Not So Fast
EUR/USD snapped back after breaking key support at 1.1200, but with bond yields climbing and Fed cut pricing slipping, it’s tough to back the move without confirmation from rates.
Data Drama and Dollar Dominance: GBP/USD Faces a Double Test
A shambolic U.K. labour survey, a sudden resignation, and critical U.S. inflation data—GBP/USD traders have plenty to weigh, but it’s wages doing the heavy lifting today.
NZD/USD: Kiwi cracks as trade reset sparks USD surge
The Kiwi’s safe haven halo has faded fast, with NZD/USD breaking sharply lower as capital floods back into the U.S. dollar following the latest trade truce. With momentum turning and Monday’s 200DMA break a potential game-changer, directional risks are skewing lower.
Canadian Dollar Forecast: Trade Optimism Fuels USD/CAD Breakout Bid
USD/CAD is tracking risk assets, not safe havens, as trade optimism builds. With momentum indicators stabilising and the pair pressing against key resistance, a break higher could soon be on the cards.
USD/CHF Climbs, Gold Pressured as Risk Sentiment Improves on Trade Reset
If escalating trade tensions were bullish for gold and the franc, signs of a thaw may keep the pressure on both. Gold’s rejection above $3400 and USD/CHF’s climb towards key resistance suggest the unwind in safe havens may not be over yet.
Japanese Yen Forecast: Trade Talks Set Binary Trap for USD/JPY
Markets are placing bets on both economic data and diplomacy this week. USD/JPY strength has returned, but it now hinges on trade talks showing progress and U.S. data avoiding another soft patch. A misstep on either front could flip momentum quickly.