Will copper find near term sellers? by Giles Coghlan, Chief Currency Analyst, HYCM Copper fell in September for the first time in 5 months. You can see the recent strength in Copper in the chart below. Check out the recent post on Copper’s weakness. ...

HYCM Market Insights & Trading Tips

FX Week Ahead 05.10.20 by Giles Coghlan, Chief Currency Analyst, HYCM This week saw the first of the US election televised debates between Joe Biden and President Trump. After the debate, Joe Biden remains ahead in the national polls. Hopes of extra ...

HYCM Market Insights & Trading Tips

Market Mood AUDJPY 02.10.20 by Giles Coghlan, Chief Currency Analyst, HYCM Listen to the latest market mood for the AUDJPY pair on Youtube. image Weak AUD, Strong JPY President Trump tests positive for COVID-19 and will now be in quarantine. With ...

HYCM Market Insights & Trading Tips

Some near term indicators for gold by Giles Coghlan, Chief Currency Analyst, HYCM Seasonal demand: India to support gold prices? India is the world’s second-largest gold buyer and it will normally step up its gold purchases for Diwali. This year ...

HYCM Market Insights & Trading Tips

Market Mood AUDNZD 30.09.20 by Giles Coghlan, Chief Currency Analyst, HYCM Listen to the latest market mood for the AUDNZD pair on Youtube. image Weak NZD, Strong AUD There remains a divergence in play between the Reserve Bank of New Zealand ...

HYCM Market Insights & Trading Tips

Trading the GBP: A balance between policy and Brexit negotiations by Giles Coghlan, Chief Currency Analyst, HYCM Have you wondered how to trade the GBP recently? You can be forgiven for finding it tricky as the GBP has seemed to be moving against ...

HYCM Market Insights & Trading Tips

Is the dollar squeeze higher over? by Giles Coghlan, Chief Currency Analyst, HYCM Despite the falls in the USD to start the week the recent USD strength may continue this week for at least three reasons. Firstly, the quarter-end rebalancing flows ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 29.09.20 by Giles Coghlan, Chief Currency Analyst, HYCM Listen to the latest market mood for the XAUUSD on Youtube. image Gold has reasons for strength in the medium term. The record low-interest rates around the world mean that ...

HYCM Market Insights & Trading Tips

Market Mood GBPJPY 28.09.20 by Giles Coghlan, Chief Currency Analyst, HYCM Listen to the latest market mood for the GBPJPY pair on Youtube. image Weak GBP, Strong JPY The GBP has reasons for weakness in the near term. Firstly, policymaker Silvana ...

HYCM Market Insights & Trading Tips

Will the Dollar Index reach 100 or 90 first? by Giles Coghlan, Chief Currency Analyst, HYCM The dollar index is currently sitting between 100 and 90 around 94.30 at the time of writing. The recent USD strength is likely to be limited and the DXY ...

HYCM Market Insights & Trading Tips

FX Week Ahead 28.09.20 by Giles Coghlan, Chief Currency Analyst, HYCM This week saw strong risk aversion enter markets at the start of the week as equity markets witnessed heavy selling pressure. The risk off sentiment in these markets saw risk ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 25.09.20 by Giles Coghlan, Chief Currency Analyst, HYCM Listen to the latest market mood for the XAUUSD on Youtube. image There are some important reasons for gold to remain supported over the medium / long term. Firstly, very ...

HYCM Market Insights & Trading Tips

Why the copper market is vulnerable to sellers by Giles Coghlan, Chief Currency Analyst, HYCM Industrial metals had been gaining for many months. However, now we are starting to see some falls. The reason for the falls is because of the increase in ...

HYCM Market Insights & Trading Tips

Oil market showing signs of weakness by Giles Coghlan, Chief Currency Analyst at HYCM It was around the middle of this month that both the IEA and the OECD cut their global demand projections. The latest monthly OPEC report projected that oil demand ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 24.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the USOIL on Youtube. image Earlier this month that both the IEA and the OECD cut their global demand projections for oil consumption. ...

HYCM Market Insights & Trading Tips

Reasons for the AUDUSD to remain supported medium term by Giles Coghlan, Chief Currency Analyst at HYCM At the start of the week RBA’s Deputy Governor Debelle signaled little urgency to take measures that would seriously weaken the AUD. Debelle did ...

HYCM Market Insights & Trading Tips

Market Mood GBPUSD 23.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the GBPUSD pair on Youtube. image Weak GBP, Strong USD The GBPUSD is sitting on some pretty heavy support on top of its 100 and 200 ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 18.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the XAUUSD on Youtube. image Gold has a number of factors supporting it at the moment. Firstly, the Federal Reserve kept interest ...

HYCM Market Insights & Trading Tips

FX Week Ahead 21.18.20 by Giles Coghlan, Chief Currency Analyst at HYCM This week the Federal Reserve committed to keep policy accommodative for as long as necessary. The dot plot had officials seeing US rates at their current ultra-low right ...

HYCM Market Insights & Trading Tips