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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USD/JPY: April uptrend broken as Israel-Iran conflict sparks flight to safety

Soaring geopolitical tensions and a rapid narrowing in U.S.-Japan yield spreads have combined to send USD/JPY sharply lower in Asia, breaking trend support and triggering fresh bearish signals. With the risk of further escalation growing, could a deeper carry trade unwind now be on the cards?

Canadian Dollar Outlook: USD/CAD slips into trouble as spreads implode

U.S. inflation data is missing to the downside at a pace not seen in years, with markets responding by pricing in more cuts from the Fed. That’s hitting USD/CAD hard, breaking long-held support and leaving the trend vulnerable to further downside—unless oversold conditions trigger a snapback.

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AUD Underperforms as Trade Talks Return to Square One

A weaker U.S. inflation print and progress on China trade talks weren’t enough to save the Aussie. Instead, it slid across the board, signalling traders see more spin than substance in Trump’s latest tariff deal.

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USD/JPY Outlook: BOJ sidelined as stronger yen revives Japan’s deflation problem

Upstream price pressures in Japan are sliding fast, reinforcing expectations the BOJ will stay sidelined. But for USD/JPY traders, it's May's U.S. CPI and a $39 billion bond auction that could truly dictate what comes next.

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June 11, 2025 03:42 AM
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Japanese Yen Outlook: USD/JPY Rally Faces Test from CPI and Trade Talks

Stronger U.S. payrolls and rising Treasury yields have reignited USD/JPY’s sensitivity to rate differentials. With inflation data looming, traders are watching for signs this shift has staying power.

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Japanese Yen Payrolls Preview: USD/JPY Primed for Breakout Ahead of Double Data Hit

If you think this week's calm in USD/JPY will last, think again. With the U.S. labour market and inflation in focus, history suggests volatility is just around the corner.

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NZD/USD: Bullish signals build ahead of U.S. data gauntlet

The Kiwi’s in an uptrend and flashing bullish signals, but .6050 stands in the way. With no major local catalysts, direction may hinge on a barrage of top-tier U.S. data and broader dollar sentiment.

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June 5, 2025 06:47 AM
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GBP/USD Forecast: Macro heat builds with ECB, CPI and NFP

Sterling's rally has been powered by strong U.K. data and shifting rate expectations, but with major economic releases and the ECB decision ahead, volatility in GBP/USD may just be getting started. With the pair squeezed against trend support and capped below 1.3600, the next move could be decisive.

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June 5, 2025 04:12 AM
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BoC in Focus as USD/CAD Upside Risks Build

Surprises in growth and inflation have pushed the Bank of Canada into a corner, with markets now backing a hold in June. With USD/CAD bouncing at key technical support, the spotlight turns to Macklem’s post-decision tone for the next move.

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June 4, 2025 03:57 AM
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USD/CHF: Falling Wedge Support Keeps Bulls in the Game

USD/CHF is tracking global dollar flows more than local fundamentals, but data from Switzerland and the U.S. may still sharpen focus on rate differentials and breakout setups.

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June 3, 2025 05:42 AM
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Silver Bulls Eye Break to Multi-Decade Highs

Silver just posted its biggest gain since October, tearing through resistance and closing in on multi-decade highs. With momentum on the bulls' side, could this be the moment silver breaks free?