FX Week Ahead 07.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM This week saw a divergence remain in place between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ). The RBA kept interest rates unchanged midweek ...

HYCM Market Insights & Trading Tips

How to use the Dollar Index in your trading by Giles Coghlan, Chief Currency Analyst at HYCM The USD is the currency that all others revolve around. Understanding that is a key concept to grasp early on in your trading experience. The moves in the ...

HYCM Market Insights & Trading Tips

Market Mood AUDJPY 04.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the AUDJPY pair on Youtube. image Weak AUD, Strong JPY Risk sentiment is negative this morning as the Asia-Pacific stocks take their ...

HYCM Market Insights & Trading Tips

Trouble ahead for the GBP? by Giles Coghlan, Chief Currency Analyst at HYCM The strength of the GBP over the summer was somewhat of an enigma. In the end, it was really a USD weakness story. It was only natural that the GBPUSD pair benefitted from ...

HYCM Market Insights & Trading Tips

Market Mood S&P500 03.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the S&P500 on Youtube. image Risk sentiment is positive this morning as hopes of a November vaccine trial are boosting equity ...

HYCM Market Insights & Trading Tips

FX Week Ahead 24.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM This week was dominated in the first part by USD weakness and a strong rally higher in Copper. Total copper stocks in warehouses monitored by the London Metal Exchange were at ...

HYCM Market Insights & Trading Tips

Market Mood Copper 21.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the COPPER on Youtube. image The fundamental outlook for copper remains positive and buyers should appear on pullbacks. There are ...

HYCM Market Insights & Trading Tips

How to trade a central bank divergence: RBNZ and RBA case study by Giles Coghlan, Chief Currency Analyst at HYCM Central bank divergence One of the first principles to teach aspiring FX traders is trading a strong currency against a weak currency. ...

HYCM Market Insights & Trading Tips

Market Mood EURUSD 20.03.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the EURUSD pair on Youtube. image Weak EUR, Strong USD The anticipated FOMC minutes last night disappointed the market as it showed ...

HYCM Market Insights & Trading Tips

USD weakness expected to stay? by Giles Coghlan, Chief Currency Analyst at HYCM This Tuesday saw some very strong housing starts data out of the US. This is despite the rise of record mortgage defaults that have also been reported. The US housing ...

HYCM Market Insights & Trading Tips

Westpac, Australia’s second biggest bank, scraps its dividend by Giles Coghlan, Chief Currency Analyst at HYCM There have been warnings that dividends would have to go to Australia. The recent decision yesterday by Westpac to halt its dividend shows ...

HYCM Market Insights & Trading Tips

Market Mood HG1! 19.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the HG1! on Youtube. image The outlook for copper is strong fundamentally at the moment and copper has been underpinned overnight ...

HYCM Market Insights & Trading Tips

Chinese property investment set to boost Copper demand? by Giles Coghlan, Chief Currency Analyst at HYCM According to Bloomberg it could be a boost into China’s property investment that sends copper prices higher over the next few days. Bloomberg ...

HYCM Market Insights & Trading Tips

Market Mood AUDNZD 18.08.20 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 outlook for the AUDNZD pair has more upside in the present market ...

HYCM Market Insights & Trading Tips

The problem of ageing and debt by Giles Coghlan, Chief Currency Analyst at HYCM There are two things said to be certain in life and that is death and taxes. For most of us, that’s generally true. However, we can now add a third certainty into life ...

HYCM Market Insights & Trading Tips

Market Mood EURUSD 17.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the EURUSD pair on Youtube. image Strong EUR, Weak USD The outlook for the EURUSD is that the 1.1900 level should remain significant ...

HYCM Market Insights & Trading Tips

FX Week Ahead 17.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Gold has finally pulled back from its recent run higher recording its largest single day drop in the last 7 years this week. US10 year bond yields broke higher midweek which ...

HYCM Market Insights & Trading Tips

Gold bull market still technically fundamentally in place by Giles Coghlan, Chief Currency Analyst at HYCM At the start of the week, a number of clients had it pointed out to them that gold’s recent highs could be starting to look vulnerable. It is ...

HYCM Market Insights & Trading Tips

Market Mood XAGUSD 14.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the XAGUSD pair on Youtube. image The outlook for silver remains fundamentally bullish. World interest rates are low and look set to ...

HYCM Market Insights & Trading Tips

Market Mood AUDNZD 13.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the AUDNZD pair on Youtube. image AUD strength Australia’s employment change data showed some encouraging signs for Australia’s job ...

HYCM Market Insights & Trading Tips