Oil faces headwinds By Giles Coghlan, Chief Currency Analyst at HYCM Oil prices have been running higher over the last few weeks on production cuts, hopes of economies running again and the latest OPEC+ production cut extension. However, most ...

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GBPJPY bearish case remains By Giles Coghlan, Chief Currency Analyst at HYCM The medium-term case for GBPJPY bears remains in place. Here is the rationale for the bear case in the GBPJPY pair. GBP weakness Time is running out for the EU-UK trade ...

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Market Mood AUDJPY 11.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak AUD, Strong JPY Markets are firmly back to a risk-off footing on two factors. Firstly, the Fed was downbeat in its assessment of the US economy. Fed’s Powell ...

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What happens if FOMC enact Yield Curve Control By Giles Coghlan, Chief Currency Analyst at HYCM The USD has fallen heading into the FOMC meeting and awaits news on whether Yield Curve Control (YCC) will take place. What is Yield Curve Control? Yield ...

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What’s impact does US civil unrest have on the markets? By Giles Coghlan, Chief Currency Analyst at HYCM With a number of protests taking place across the world some of the legitimate protests have been taken over by a small minority who have ...

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Market Mood GBPNZD 09.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM image Weak GBP, Strong NZD The outlook for the GBP remains bearish. The UK has until the end of June to agree on an EU-UK extension. If the UK fails to agree to an ...

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FX Week Ahead 08.06.20 By Giles Coghlan, Chief Currency Analyst at HYCM Positivity abounds! Optimism reigns this week regarding economies re-opening which age a strong boost to risk assets. Stocks, copper, oil, and bond yields all moved higher as ...

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Is Gold sunny no matter what the weather is? By Giles Coghlan, Chief Currency Analyst at HYCM The recent weather in the UK has been unseasonably good. In fact, it has been very ‘un-British’ weather with days of unbroken sunshine and temperatures of ...

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AUD correction due? by Giles Coghlan, Chief Currency Analyst at HYCM The AUD has been very strong recently but is there time now for a correction. Anyone observing the AUD’s recent strength will be aware of that possibility as markets do not move in ...

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Sell, store, or dump! What companies will do with surplus stock by Giles Coghlan, Chief Currency Analyst at HYCM The problem of surplus stocks for companies Piles of surplus stock have built up over COVID-19 shutdowns. So it is with interest that I ...

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Stay at home stock theme to remain? by Giles Coghlan, Chief Currency Analyst at HYCM Buy Netflix and chill? The outbreak of COVID-19 has understandably limited what people can do. However, some activities have dominated most people’s lives. Watching ...

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Key FX risk events for June by Giles Coghlan, Chief Currency Analyst at HYCM Below are some key event risks to be looking out for in June. ECB rate meeting this week on June 04. The expectations are that there will be an expansion of the Pandemic ...

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FX Week Ahead 01.06.20 by Giles Coghlan, Chief Currency Analyst at HYCM It was a positive start to the week as optimism rose in the hopes of a vaccine for COVID-19. Moderna, Novavax, and GlaxoSmithKline, as well as a number of other companies, are ...

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Trouble brewing down under? by Giles Coghlan, Chief Currency Analyst at HYCM AUD to feel the pressure? The medium-term outlook for the AUD is only going to weaken if the US-China trade dispute grows. The reason for this is because Australia is the ...

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A US-China playbook to trade by? by Giles Coghlan, Chief Currency Analyst at HYCM Fade the US-China rhetoric? A recent piece on Bloomberg suggests an approach to play the so-called ‘new cold war’ between the US and China. The suggestion was to fade ...

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S&P500, 200DMA and the 3000 level by Giles Coghlan, Chief Currency Analyst at HYCM The Daily 200 moving average on the S&P500 is in keen focus right now. The reason is that it offers a technical crossroads in price. Stay above and it is bullish ...

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European defensive stocks set to increase by Giles Coghlan, Chief Currency Analyst at HYCM US-China trade tensions have now moved from being a war of words into action. In recent days the US Senate bill that could potentially de-list some Chinese ...

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FX Week Ahead 05.25.20 by Giles Coghlan, Chief Currency Analyst at HYCM Positive initial vaccine trials from the company Moderna boosted risk sentiment this week as the market became optimistic that COVID-19 could be restrained more quickly than ...

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Why the Fed will want to avoid negative rates by Giles Coghlan, Chief Currency Analyst at HYCM Lessons from Europe and Japan Negative rates are a controversial topic and the jury is very much out as to how effective they are. Recent commentary has ...

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NZDUSD looks stretched to the upside by Giles Coghlan, Chief Currency Analyst at HYCM Recent NZD strength has been on two things. Firstly optimism surrounding Moderna’s positive COVID-19 vaccine trials. Secondly, when Governor Orr stated on Tuesday, ...

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