Strength for copper ahead? by Giles Coghlan, Chief Currency Analyst at HYCM With green technology relying heavily on copper for conducting electricity via wiring and conductors the need for copper is expected to grow in the coming weeks and months ...

HYCM Market Insights & Trading Tips

Market Mood EURGBP 17.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the EURGBP pair on Youtube. image Strong EUR, Weak GBP The GBP should remain pressured in the medium term. There are a number of ...

HYCM Market Insights & Trading Tips

UK inflation fell strongly yesterday by Giles Coghlan, Chief Currency Analyst at HYCM UK CPI data came out firmer than expected at 0.2% vs 0.0% expected. However, although this beat expectations this was still a drop from July’s reading of 1.0%. ...

HYCM Market Insights & Trading Tips

Market Mood BCOUSD 16.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the BCOUSD on Youtube. image The demand case for oil has weakened further since yesterday. The latest report from the International ...

HYCM Market Insights & Trading Tips

The latest ECB meeting creates a problem for the SNB by Giles Coghlan, Chief Currency Analyst at HYCM At the last ECB (European Central Bank) meeting last week the ECB revised their growth projections higher this week for 2020 to -8.0% and inflation ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 15.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the USOIL on Youtube. image The monthly OPEC oil report yesterday showed that oil demand growth for OPEC crude was revised down by ...

HYCM Market Insights & Trading Tips

Big week for central bank meetings by Giles Coghlan, Chief Currency Analyst at HYCM Three of the four biggest central banks meet this week: the Federal Reserve, the Bank of Japan, and the Bank of England. You can read a rundown on the central bank’s ...

HYCM Market Insights & Trading Tips

Market Mood ZS1! 14.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the ZS1! on Youtube. image There are some reasons supporting Soy futures. Firstly, a recent US Gov’t report (the WASDE report) has ...

HYCM Market Insights & Trading Tips

There may be trouble ahead? by Giles Coghlan, Chief Currency Analyst at HYCM At least that’s what risk markets are telling us. Really, that is not a surprise when we look at the kind of the year 2020 has been. Think of what we have through this year ...

HYCM Market Insights & Trading Tips

FX Week Ahead 14.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Brexit’s back with a vengeance! This week saw the specter of Brexit headlines return. The latest move by PM Johnson in bringing a new internal market bill to the UK Parliament ...

HYCM Market Insights & Trading Tips

Market Mood EURGBP 11.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the EURGBP pair on Youtube. image Strong EUR, Weak GBP The latest move by PM Johnson in bringing a new internal market bill to the UK ...

HYCM Market Insights & Trading Tips

Is the fall in the Nasdaq correction or a deeper slide? by Giles Coghlan, Chief Currency Analyst at HYCM This is one of the major questions over the last few days since the heavy falls in US stocks. It is easy to see why as well from a technical ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 10.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the XAUUSD pair on Youtube. image Gold prices are tightly coiling up on the daily chart. The meeting today with the ECB could easily ...

HYCM Market Insights & Trading Tips

How a dovish ECB could actually support the EURO by Giles Coghlan, Chief Currency Analyst at HYCM There was a Bloomberg opinion piece earlier in the week making a case for a dovish ECB actually supporting the euro and stocks. Christine Lagarde will ...

HYCM Market Insights & Trading Tips

Why Australia’s tensions with China could weigh on the ASX 200 by Giles Coghlan, Chief Currency Analyst at HYCM A general rule in trading is that what’s good for China is also good for Australia. So, Chinese growth will boost Australia’s economy ...

HYCM Market Insights & Trading Tips

Market Mood GBPCHF 09.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the GBPCHF pair on Youtube. image Weak GBP, Strong CHF The GBP is weak after UK’s PM Johnson is set to introduce a new Internal ...

HYCM Market Insights & Trading Tips

Is Copper set to gain over the medium term? by Giles Coghlan, Chief Currency Analyst at HYCM Copper’s prices have been underpinned by a number of factors recently even as equity markets have tumbled into the end of last week. Below are some of the ...

HYCM Market Insights & Trading Tips

Market Mood AUDNZD 08.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the AUDNZD pair on Youtube. image Strong AUD, Weak NZD The divergence between the RBA and the RBNZ remains in place supporting the ...

HYCM Market Insights & Trading Tips

So how about a ‘K’ shaped recovery? by Giles Coghlan, Chief Currency Analyst at HYCM Bloomberg had an informative post-mid-week that replaced the idea of the dialogue between a ‘V’ or ‘U’ shaped recovery with the idea of a ‘K’ shaped recovery. The ...

HYCM Market Insights & Trading Tips

Market Mood HG1! 07.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the HG1! on Youtube. image Copper’s prices have been underpinned by a number of factors even as equity markets tumble. China has been ...

HYCM Market Insights & Trading Tips