Will a post COVID-19 economy be inflationary or deflationary? By Giles Coghlan, Chief Currency Analyst at HYCM Inflation or deflation? Reuters recently conducted a poll of 161 economists asking just this question. Will we see inflation due to trade ...

HYCM Market Insights & Trading Tips

FX Week Ahead 29.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM The market is being pushed and pulled around by two key narratives. On one hand the prospect and reality of economies opening up post lockdowns is boosting risk assets: stocks, ...

HYCM Market Insights & Trading Tips

Market Mood GBPJPY 26.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak GBP, Strong JPY The Japanese Yen is finding bids on rising concerns over the increase in COVID-19 cases. New US Daily cases have been trending higher and ...

HYCM Market Insights & Trading Tips

Gold to correct lower in the near term? By Giles Coghlan, Chief Currency Analyst at HYCM The short term bear case The general consensus among most analysts is for gold upside in the short and medium term. A recent piece on Bloomberg’s Market Live ...

HYCM Market Insights & Trading Tips

Top Wall Street Firms Expect Copper Upside By Giles Coghlan, Chief Currency Analyst at HYCM Gov’t support to boost Copper prices? Eurasia Group’s director of energy, climate and resources sees the COVID-19 pandemic as making the way for an ‘age of ...

HYCM Market Insights & Trading Tips

Market Mood NZDUSD 25.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak NZD, Strong USD The NZD is pressured after the RBNZ’s Monetary Policy Committee announced this week where they said they were prepared to provide additional ...

HYCM Market Insights & Trading Tips

Market Mood Copper 24.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Copper is gaining increasing attention and expectations are rising that the metal is medium-term set for growth. Government-supported investment into environmental ...

HYCM Market Insights & Trading Tips

What can we learn from yesterday’s German PMI data? By Giles Coghlan, Chief Currency Analyst at HYCM The PMI data out of Europe was very good yesterday. Remember that PMI’s are seen as a leading indicator for economies. Yesterday’s PMI’s show us ...

HYCM Market Insights & Trading Tips

Market Mood AUDNZD 23.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Strong AUD, Weak NZD AUDNZD is a currency in the spotlight at the moment as both Australia and New Zealand have managed to effectively control the outbreak of ...

HYCM Market Insights & Trading Tips

Silver set to tag along with gold By Giles Coghlan, Chief Currency Analyst at HYCM Silver set to shine? The gold/silver ratio is a scale that helps measure the relative strength of gold compared to silver prices. It shows how many ounces of silver ...

HYCM Market Insights & Trading Tips

Market Mood XAUUSD 22.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Gold prices have hit a month high on the growing fears of increasing COVID-19 cases. The concern is that an increase in US COVID-19 cases will undermine a fast ...

HYCM Market Insights & Trading Tips

Investors go for gold! by Giles Coghlan, Chief Currency Analyst at HYCM Gold in focus The strength of the recovery from COVID-19 lows across global stock markets has been a surprise to many. Although central banks around the world have stepped in ...

HYCM Market Insights & Trading Tips

FX Week Ahead 22.06.20 by Giles Coghlan, Chief Currency Analyst at HYCM The market started the week with a risk on tone as the Fed reassured markets with a pledge to buy US corporate bonds. However, fears re-emerged on Tuesday as a rising number of ...

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A digital future? by Giles Coghlan, Chief Currency Analyst at HYCM One of the few winners in the COVID-19 outbreak has been the digital stay at home companies. Companies like Netflix, Amazon, Facebook, and all companies that are in the tech sphere ...

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A case for GBP bulls by Giles Coghlan, Chief Currency Analyst at HYCM Brexit 2020, different to Brexit 2016? A piece on Bloomberg’s markets live blog has recently been released suggesting that Brexit 2020 may be a disappointment. The article ...

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Market Mood EURGBP 17.06.20 by Giles Coghlan, Chief Currency Analyst at HYCM image Weak EUR, Strong GBP The GBP rose against the EUR yesterday for two reasons: Firstly, optimism that the EU and the UK could reach a trade agreement relatively ...

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President Trump boosts the case for Copper bulls by Giles Coghlan, Chief Currency Analyst at HYCM Copper Futures contracts rose early yesterday am on the report that President Trump’s administration is preparing a $1 trillion infrastructure boost to ...

HYCM Market Insights & Trading Tips

AUDJPY medium-term bearish bias by Giles Coghlan, Chief Currency Analyst at HYCM COVID-19 Risk Today started with strong risk on tones but take a look at the AUDJPY pair in case the COVID-19 cases pick up again. There are a few key technical areas ...

HYCM Market Insights & Trading Tips

CADJPY bearish bias By Giles Coghlan, Chief Currency Analyst at HYCM CADJPY CADJPY has been weakening recently on a number of factors. Last week there was a sharp fall in global equity markets. This was due to both profit-taking, after a ...

HYCM Market Insights & Trading Tips