Market Mood GBPJPY 31.07.20 by Giles Coghlan, Chief Currency Analyst at HYCM image Weak GBP, Strong JPY The JPY will find buyers if the second wave of COVID-19 keeps growing in pace. Global cases now top 17 million after five of the last seven ...

HYCM Market Insights & Trading Tips

Dollar set for the worst month in a decade by Giles Coghlan, Chief Currency Analyst at HYCM According to Bloomberg data from the Commodity Futures Trading Commission (CFTC), the US dollar is now heading to register its weakest July since 2010. The ...

HYCM Market Insights & Trading Tips

Market Mood XAGUSD 29.07.20 by Giles Coghlan, Chief Currency Analyst at HYCM image The market is likely to go into a tight trading range as we get closer to the FOMC meeting later tonight at 19:00 UK time. The Federal Reserve is likely to reassure ...

HYCM Market Insights & Trading Tips

Market Mood EURGBP 28.07.20 by Giles Coghlan, Chief Currency Analyst at HYCM image The European Recovery Fund has been taken by the market as a very positive sign on European solidarity. As a result, the chances of the eurozone breaking up are now ...

HYCM Market Insights & Trading Tips

Understanding the Euro’s recent rise by Giles Coghlan, Chief Currency Analyst at HYCM EURUSD and EURGBP upside bias Broad dollar weakness has been supporting the EURUSD rise lately. The EURUSD can be known as the ‘anti-euro’ index due to its strong ...

HYCM Market Insights & Trading Tips

Addicted to credit by Giles Coghlan, Chief Currency Analyst at HYCM The Bloomberg Market’s Live team published a piece on the Market’s Live blog making a case for Quantitative Easing continuing indefinitely. The thinking is that the world’s major ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 27.07.20 by Giles Coghlan, Chief Currency Analyst at HYCM image The rise in gold to take out all-time highs has been supported by the following three things: A weak dollar. Fears of a fiscal cliff this week from the US are ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 24.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image The fall in European equity futures and Asia-Pac indexes show the market entering the day with a risk-off setting. The crude oil market has marched on recently with ...

HYCM Market Insights & Trading Tips

Double top forms on the Nasdaq By Giles Coghlan, Chief Currency Analyst at HYCM image The Nasdaq has formed a double top on the 1-hour chart. Take a look at the chart above for the pattern outlined and the trigger sellers will use for an entry. ...

HYCM Market Insights & Trading Tips

FX Week Ahead 27.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM Large gains in silver and gold were a key highlight this week. In our Telegram channel, at the start of the week, we highlighted the strong technical and fundamental picture for ...

HYCM Market Insights & Trading Tips

Indian Rupee heading for strength? By Giles Coghlan, Chief Currency Analyst at HYCM An interesting one for those that trade the Indian Rupee. India is now on track to record a large current account surplus for the fiscal year of 2021. The current ...

HYCM Market Insights & Trading Tips

Market Mood EURGBP 23.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong EUR, Weak GBP The European Recovery Fund has been taken by the market as a very positive sign of European solidarity. As a result, the chances of the ...

HYCM Market Insights & Trading Tips

Silver set to outshine gold By Giles Coghlan, Chief Currency Analyst at HYCM Gold vs silver Precious metals, silver, and gold continue to have a very strong fundamental bias to the upside. Low-interest rates, extra stimulus expected from major world ...

HYCM Market Insights & Trading Tips

Market Mood EURUSD 22.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong EUR, Weak USD The European Recovery Fund has been taken by the market as a very positive sign on European solidarity. As a result, the chances of the ...

HYCM Market Insights & Trading Tips

Market Mood XAGUSD 21.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image The longer-term bullish picture for gold and silver remains in place as central banks around the world have cut interest rates. With bonds offering a low yield, ...

HYCM Market Insights & Trading Tips

Three reasons gold is set for more gains By Giles Coghlan, Chief Currency Analyst at HYCM Gold has further to go for the following three reasons. The primary reason for more gold upside is that there is more stimulus to come from around the world. ...

HYCM Market Insights & Trading Tips

A top for Tech? By Giles Coghlan, Chief Currency Analyst at HYCM Technology stocks have really been a surprise winner during COVID-19. The accelerated move to digitalisation has really benefited the tech-led NASDAQ. Few could have predicted at the ...

HYCM Market Insights & Trading Tips

Market Mood XAGUSD 20.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image The longer-term bullish picture for gold and silver remains in place as central banks around the world have cut interest rates. With bonds offering a low yield, ...

HYCM Market Insights & Trading Tips

The strength behind China’s weak retail sales data By Giles Coghlan, Chief Currency Analyst at HYCM The Hang Seng (-2.00%) and the Shanghai Composite (-4.50%) both traded lower on Thursday this week due to the unexpected drop in China’s retail ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 17.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image One of Wall Street’s best known oil analysts, Helima Croft, fears that the oil market could once again be flooded with excess oil in the coming months as OPEC+ ...

HYCM Market Insights & Trading Tips