Reasons for NZD weakness by Giles Coghlan, Chief Currency Analyst at HYCM Trade the strong against the weak One of the key trading principles to really embrace in the FX world is that of pairing strength against weakness. So, yesterday we had a good ...

HYCM Market Insights & Trading Tips

UK employment falls by the highest amount in a decade by Giles Coghlan, Chief Currency Analyst at HYCM The GBP has remained remarkably strong recently. Now the most recent set of jobs data from yesterday have shown that cracks are sadly starting to ...

HYCM Market Insights & Trading Tips

Market Mood EURNZD 12.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the EURNZD pair on Youtube. image Strong EUR, Weak NZD The RBNZ has launched a set of bearish policies extending its asset purchases ...

HYCM Market Insights & Trading Tips

Copper is set to gain in a green world by Giles Coghlan, Chief Currency Analyst at HYCM Copper stands to benefit in a world where there is an abundant need for clean green electricity. By necessity, there will be a need for connective wiring which ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 11.09.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the XAUUSD pair on Youtube. image Expect gold buyers as pulls back on the daily chart. Firstly, very low-interest rates globally and ...

HYCM Market Insights & Trading Tips

India and China’s markets show signs of recovery by Giles Coghlan, Chief Currency Analyst at HYCM Gold demand from India has now risen by about 25% y/y in July and that is almost double from June’s levels as lockdowns start to ease from the COVID-19 ...

HYCM Market Insights & Trading Tips

Market Mood Copper 10.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the Copper on Youtube. image Copper has seen a strong rise higher in the last few weeks over concerns that supply will be hit due to ...

HYCM Market Insights & Trading Tips

FX Week Ahead 10.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Gold made record highs this week as the $2000 figure was taken out for the first time. According to Bloomberg the number of stories with the phrase ‘gold price’ in are at their ...

HYCM Market Insights & Trading Tips

Making some sense of the GBP by Giles Coghlan, Chief Currency Analyst at HYCM The last month has been tricky trading the GBP. There is no doubt about it, the GBP has been a tricky currency to trade over the last few weeks. The GBP has been moving ...

HYCM Market Insights & Trading Tips

Market Mood DXY 07.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the DXY on Youtube. image The Dollar Index has many reasons for weakness medium term. It’s falling safe haven appeal, the fact that ...

HYCM Market Insights & Trading Tips

What can stop the gold bull run? by Giles Coghlan, Chief Currency Analyst at HYCM Cast your memory back to the strong run in precious metals from 2008 during the global financial crisis and you will be able to remember the strong run in gold prices. ...

HYCM Market Insights & Trading Tips

Market Mood XAGUSD 06.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Listen to the latest market mood for the XAGUSD pair on Youtube. image Falling US 10 year bond yields have weakened the dollar and that has pushed silver higher alongside ...

HYCM Market Insights & Trading Tips

More gains for US tech? by Giles Coghlan, Chief Currency Analyst at HYCM A recent Bloomberg article suggested that the Nasdaq has another 10% gain ahead. The rationale of the piece was based around the following three points: Firstly, yes the Nasdaq ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 05.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM image Falling US 10 year bond yields have weakened the dollar and that has pushed gold above $2000 for the first time ever. The picture for gold bulls remains firmly in ...

HYCM Market Insights & Trading Tips

What you need to know about trading in August by Giles Coghlan, Chief Currency Analyst at HYCM The start of August The generally received wisdom is that summer is a quiet month for trading. Traders are on holiday and markets quieten down. That’s the ...

HYCM Market Insights & Trading Tips

Market Mood AUDUSD 04.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM image The AUD should find support today after the RBA kept rates unchanged and maintained the 3yr yield target at 25bps as expected. The RBA had been seen as possibly ...

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Bonds send out a distress signal by Giles Coghlan, Chief Currency Analyst at HYCM The steady fall in Bond yields is sending out a signal that all is not well in the world. The tail end of last week may have seen some excellent earnings from FANG ...

HYCM Market Insights & Trading Tips

Market Mood AUDUSD 03.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM image The AUD should find sellers as Australia’s Victoria State declares a state of disaster with the state capital of Melbourne to be subject to tougher restrictions ...

HYCM Market Insights & Trading Tips

FX Week Ahead 03.08.20 by Giles Coghlan, Chief Currency Analyst at HYCM Gold was the stand outperform this week taking out its all-time highs and bursting through $1921 to the upside. The speed at which gold is heading towards the $2000 level has ...

HYCM Market Insights & Trading Tips

Does NZDJPY have an August downside bias? by Giles Coghlan, Chief Currency Analyst at HYCM Societe Generale recommended an NDJPY short this week. Their thinking for their trade was that August is usually good for the yen, Swiss franc, gold and ...

HYCM Market Insights & Trading Tips