David Scutt(@Scutty) 's Twitter Profileg
David Scutt

@Scutty

APAC Market Analyst @CityIndex and @FOREXcom. Ex banker, journalist and talking head. DMs open for media requests.

ID:484663513

linkhttps://www.cityindex.com/en-au/news-and-analysis/ calendar_today06-02-2012 10:56:05

39,9K Tweets

24,8K Followers

1,4K Following

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The only Japanese domiciled event that moves $JPY now is BOJ rate decisions. Everything else, including inflation prints, comes across as meaningless

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With the eurozone flash PMI not getting any worse in November, it's now up to the US data to do the same. If it doesn't, it may kick off the next leg of $USD selling.

With the eurozone flash PMI not getting any worse in November, it's now up to the US data to do the same. If it doesn't, it may kick off the next leg of $USD selling.
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Back to basics across the ditch.

NEW ZEALAND INCOMING PM LUXON SAYS RESERVE BANK ACT WILL BE AMENDED TO FOCUS MONETARY POLICY ON PRICE STABILITY - REUTERS $NZD

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Punters in Dalian respond to the latest NDRC threat of 'greater supervision' of iron ore markets by buying the dip🤣

Punters in Dalian respond to the latest NDRC threat of 'greater supervision' of iron ore markets by buying the dip🤣#ausbiz
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Meh, can't be any worse than the funky stuff the kids bring home from daycare. Feels like we're exposed to a new pathogen every week.

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Australian 10-year inflation breakevens down sharply, too, returning to the midpoint of the RBA's 2-3% target.

Australian 10-year inflation breakevens down sharply, too, returning to the midpoint of the RBA's 2-3% target.
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Decent shift in Australia OIS and IBs for the RBA Feb 2024 decision following Bullock's hawkish speech last night. Back to being a coin-flip again $AUD

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Nice reminder from Morgan Stanley that OPEC+ is not the only supply-side consideration to consider when it comes to crude markets

Nice reminder from Morgan Stanley that OPEC+ is not the only supply-side consideration to consider when it comes to crude markets
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So, US 2s spiked 9bps on claims data; a) notoriously volatile around holidays; b) completely against the prevailing trend; c) below the lowest forecast and; d) a tenth higher inflation expectations.

Right... Not sure I'd be hawking up on that...

So, US 2s spiked 9bps on claims data; a) notoriously volatile around holidays; b) completely against the prevailing trend; c) below the lowest forecast and; d) a tenth higher inflation expectations. Right... Not sure I'd be hawking up on that...
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Implied US bond market volatility remains elevated but is subsiding. Famous last words but I reckon this moderation will have legs $MOVE

Implied US bond market volatility remains elevated but is subsiding. Famous last words but I reckon this moderation will have legs $MOVE
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$CNH rally also stalled, albeit not to the same degree as $JPY. Unless the former can break its 200DMA, will make it difficult for other Asian FX names to push higher

$CNH rally also stalled, albeit not to the same degree as $JPY. Unless the former can break its 200DMA, will make it difficult for other Asian FX names to push higher #FX
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Strong reversal in $JPY, delivering a dragonfly doji. Not surprised as the move earlier this week looked to be catchup to what had previously occurred in rate differentials, which have since stabilised

Strong reversal in $JPY, delivering a dragonfly doji. Not surprised as the move earlier this week looked to be catchup to what had previously occurred in rate differentials, which have since stabilised #FX
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$JPY reversal becoming more meaningful, slicing thorough the 50DMA. If $NKY outperformance was a function of yen weakness, you'd imagine downside for Japanese equities is the next domino to fall

forex.com/en-uk/news-and…

$JPY reversal becoming more meaningful, slicing thorough the 50DMA. If $NKY outperformance was a function of yen weakness, you'd imagine downside for Japanese equities is the next domino to fall forex.com/en-uk/news-and…
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Bullish engulfing candle on the $AUD weekly. Ducks look to be lining up for some upside 🦆🦆🦆

Bullish engulfing candle on the $AUD weekly. Ducks look to be lining up for some upside 🦆🦆🦆
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Love the six you carted over long-on, sailing 30 rows back accompanied by complete silence. Must have been surreal out in the middle. What. A. Innings. 💪

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US financial stress on vacay. Was always the danger in palming off the responsibility of finishing the inflation fight to markets

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World starting to warm to EM again? USD/CNH has fallen to multi-month lows. Along with $JPY, a turnaround in these names should help broader Asia FX, including $AUD

World starting to warm to EM again? USD/CNH has fallen to multi-month lows. Along with $JPY, a turnaround in these names should help broader Asia FX, including $AUD
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Funny how unnamed sources always emerge when crude is short-term oversold🤔

OPEC+ to consider whether more oil cuts needed - sources reuters.com/business/energ…

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