Matt Simpson

Matt Simpson is a forex and indices analyst with over 10 years of experience in analysis and trading. He has worked for several brokers across the APAC region, including Australia and Singapore. Matt is experienced in system design and testing, professional trade signals, trade coaching, and education. He is regularly quoted in financial media such as Reuters, Bloomberg, CNBC and holds a certified financial technician (CFTe) designation as well as a diploma of the Society of Technical Analysts (MSTA). His trading style focuses on mean reversion/inflection points and occasional trends. He is known for providing professional trade signals, trade coaching, education, and regular quotes in the financial media.

Biography:  https://www.forex.com/en-us/news-and-analysis/forex-com-analysts/matt-simpson/

76%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

50%

Examples:

  • The article occasionally presents a slanting tone by using phrases like 'a weak payrolls report may not be a slam dunk' and 'bears could get to work much sooner than later', which implies that the author might be leaning towards a particular outcome.

Conflicts of Interest

100%

Examples:

  • The author works for a brokerage firm and regularly provides professional trade signals and education. This might create a conflict of interest as they may have an incentive to present information that benefits their employer or drives trading activity.

Contradictions

50%

Examples:

  • The article states that economists anticipate the US added 190,000 jobs last month and monthly job gains have frequently come in stronger than expected. However, it also mentions recent economic data raising expectations for a weak NFP report.
  • This contradiction is highlighted by the statement 'And if unemployment throws a curveball into the mix with a print of 4.1% or higher, bears could get to work much sooner than later.'

Deceptions

70%

Examples:

  • The article uses misleading phrases such as 'And if unemployment throws a curveball into the mix with a print of 4.1% or higher, bears could get to work much sooner than later.' This statement can be seen as deceptive because it implies that the author has inside information about the upcoming NFP report.

Recent Articles

June Jobs Report: 190,000 New Hires Expected as Labor Market Slows Down Amid Inflation and Interest Rate Concerns

June Jobs Report: 190,000 New Hires Expected as Labor Market Slows Down Amid Inflation and Interest Rate Concerns

Broke On: Friday, 05 July 2024 The June jobs report, expected to show a decrease in hiring with approximately 190,000 new jobs added, signals labor market normalization as inflation cools and interest rates remain high. Despite low unemployment and optimism about its strength, concerns arise due to high inflation and ongoing rate hikes. Hiring rate has slowed significantly while layoff activity increases; first-time unemployment claims reached 238,000 last week.