Where now for the EURCHF? By Giles Coghlan, Chief Currency Analyst at HYCM CHF weakness to fade? EURCHF has gained recently on two factors. Firstly, the improving risk tone. Secondly, on the hopes of the €750billion recovery fund being agreed over ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 16.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Asian equity markets traded lower overnight over concerns around Chinese consumption after the drop in retail sales data. The positive risk tone from yesterday’s ...

HYCM Market Insights & Trading Tips

Why consumers need a vaccine By Giles Coghlan, Chief Currency Analyst at HYCM A question of confidence Trading days have been tricky recently with the market flip-flopping between focusing on rising COVID-19 and the hopes of a stimulus inspired ...

HYCM Market Insights & Trading Tips

Market Mood AUDUSD 15.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak USD, Strong AUD Asian equity markets traded higher overnight after expectations of more Fed stimulus improved risk tone. Fed’s Harker said that more fiscal ...

HYCM Market Insights & Trading Tips

Euro risk ahead! By Giles Coghlan, Chief Currency Analyst at HYCM European summit on the weekend German bunds are currently trading at -0.43% on the 10-year chart which is around 10bps lower than a Bloomberg modeled curve mentioned on the Bloomberg ...

HYCM Market Insights & Trading Tips

Market Mood USOIL 14.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Asian equity markets traded lower overnight as the risk tone was hindered by news of a California shut down. California Governor Newsom ordered indoor activities to ...

HYCM Market Insights & Trading Tips

Market Mood DXY 13.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Asian equity markets traded positively to start the week on a positive risk-on tone. A recent market theme we have been seeing is a ‘risk-on’ Monday and that theme is ...

HYCM Market Insights & Trading Tips

Why trading is tricky right now? By Giles Coghlan, Chief Currency Analyst at HYCM Trading the FX markets is frustrating right now. Markets are starting sessions risk-on only to finish risk off by the end of the day. It is a repeated pattern to see. ...

HYCM Market Insights & Trading Tips

Market Mood AUDUSD 07.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Asian equity markets and futures markets have traded mixed overnight. The Hang Seng -0.61% and the Shanghai Comp +1.46% are off their best levels for the day on a ...

HYCM Market Insights & Trading Tips

Iron Ore to find sellers? By Giles Coghlan, Chief Currency Analyst at HYCM Bearish factors for Iron Ore The risk is for Iron ore to lose more value this week as the factors are stacking up in favour of sellers which could lead to a falling second ...

HYCM Market Insights & Trading Tips

Market Mood EURUSD 06.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak USD, Strong EUR Asian equity markets and futures markets have started the week on the front foot as risk-on appetite is supporting the market. Shanghai and ...

HYCM Market Insights & Trading Tips

When oil traders thought Apple data had found them a great edge By Giles Coghlan, Chief Currency Analyst at HYCM Getting an edge Investors are always very keen to be on the right side of trades as soon as possible. Data sources that offer clues on ...

HYCM Market Insights & Trading Tips

FX Weak Ahead 06.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM On one hand, the prospect of economies opening up post lockdown boosted risk assets like stocks and commodities this week. However, on the other hand, rising US COVID-19 cases ...

HYCM Market Insights & Trading Tips

Market Mood GBPJPY 03.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong JPY, Weak GBP The UK is still awaiting a trade deal with the EU and recent rhetoric has shown that the two sides are still some way from an agreement. On ...

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How Merkel can smooth the Recovery Fund proposal By Giles Coghlan, Chief Currency Analyst at HYCM If agreed, how will the European Recovery fund impact the EURUSD? The European Recovery Fund is a €750 billion post COVID-19 fund designed to support ...

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Market Mood GBPNZD 02.07.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong NZD, Weak GBP The GBP is a vulnerable medium term until the UK has arranged an EU-UK trade deal. This limits the upside in the GBP and sellers have ...

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Upside bias for EURSEK after Riksbank meeting? By Giles Coghlan, Chief Currency Analyst at HYCM Riksbank decision favours SEK weakness Yesterday’s Riksbank decision opens up the potential for more SEK weakness going forward. The key takeaways from ...

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Market Mood EURGBP 01.07.20 image Strong EUR, Weak GBP The GBP continues to look vulnerable medium term as the UK has still not arranged a trade deal with the EU. EU’s Chief Brexit Negotiator Barnier warned that British negotiators will not be ...

HYCM Market Insights & Trading Tips

Ten bearish reasons for US stocks heading into Q3 By Giles Coghlan, Chief Currency Analyst at HYCM Last quarter was the best result for Wall Street from the last 20 years. However, remember that it is normal for the biggest bull markets to come in ...

HYCM Market Insights & Trading Tips

Market Mood EURUSD 30.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong EUR, Weak USD The COT report shows that Euro net long positioning is reaching high levels last seen in May 2018. In Europe, the COVID-19 case loads are ...

HYCM Market Insights & Trading Tips