China’s savvy property developers get creative by Giles Coghlan, Chief Currency Analyst at HYCM Rising pork prices gain attention Some of China’s biggest real estate developers are branching out in a surprising direction. China’s property developers ...

HYCM Market Insights & Trading Tips

Triple woes weigh on the GBP by Giles Coghlan, Chief Currency Analyst at HYCM GBP under pressure The GBP has three key pressures on it limiting its upside. They are its monetary policy, the number of COVID 19 cases, and finally the Brexit cliff edge ...

HYCM Market Insights & Trading Tips

Gold bulls take charge by Giles Coghlan, Chief Currency Analyst at HYCM Gold breaks out The gold’s appeal has been there for a few weeks now. Technically the coiling inside bar on the daily chart was a key giveaway that gold was getting ready to ...

HYCM Market Insights & Trading Tips

FX Week Ahead 18.05.20 by Giles Coghlan, Chief Currency Analyst at HYCM Federal Reserve’s Chair, Jerome Powell, delivered a sober verdict on Wednesday that the US economy faces an extended period of ‘weak growth’ and ‘stagnant in-come’. Jerome ...

HYCM Market Insights & Trading Tips

Signs from the car markets by Giles Coghlan, Chief Currency Analyst at HYCM One area to be looking at in the coming weeks is consumer confidence. The car market can provide a handy gauge on consumer confidence as a car is a large purchase that ...

HYCM Market Insights & Trading Tips

AUDNZD higher from here by Giles Coghlan, Chief Currency Analyst at HYCM Central Bank Divergence A central bank divergence can be a great way to pair up a weak currency against a stringer one. One of the tricky areas in trading FX recently has been ...

HYCM Market Insights & Trading Tips

Oil markets have reasons to stabilise now by Giles Coghlan, Chief Currency Analyst at HYCM Notwithstanding a second wave of COVID19 Oil volatility has started to recede now as the market is starting to see an end to the present crisis. Although we ...

HYCM Market Insights & Trading Tips

EURCHF to 1.000 in 12 months? by Giles Coghlan, Chief Currency Analyst at HYCM EURCHF to parity? Well that’s what the options market is pricing in. If you look at the table below you can see that options markets are pricing in EURCHF below parity ...

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FX Week Ahead 11.05.20 by Giles Coghlan, Chief Currency Analyst at HYCM This week the German Constitutional court ruled that the European Central Bank (ECB) has three months to show that its Public Sector Purchase Programme (PSPP) is ...

HYCM Market Insights & Trading Tips

Case for gold bulls remain by Giles Coghlan, Chief Currency Analyst at HYCM Gold to eye $1800 The surge in gold still looks well set to continue. A test of $1800 is the next big round number in sight and looking at the XAUUSD chart technically we ...

HYCM Market Insights & Trading Tips

S&P500 and the 200DMA by Giles Coghlan, Chief Currency Analyst at HYCM One key technical area to watch Understanding the moves in the stock markets at the moment can best be understood as a ‘tug of war’. On one side of the rope we have record ...

HYCM Market Insights & Trading Tips

AUD looks bearish for May by Giles Coghlan, Chief Currency Analyst at HYCM Technicals and fundamentals point to May as a bearish month for the AUD The Australian dollar started the week falling on the changing risk tone from last week. It was the ...

HYCM Market Insights & Trading Tips

EURUSD favours more downside by Giles Coghlan, Chief Currency Analyst at HYCM The EURUSD rallied higher last week, but it was mainly a dollar led move. It was the month end re-balancing that led to strong USD selling as investment banks had warned. ...

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Airline industry post COVID19: Up and up and away? by Giles Coghlan, Chief Currency Analyst at HYCM It is no surprise that airlines have been struggling. Tourism, business, and travel to see friends and relatives has all been reduced due to COVID19. ...

HYCM Market Insights & Trading Tips

Gold focus: When the going gets tough, the tough buy gold by Giles Coghlan, Chief Currency Analyst at HYCM Looking at gold in a bit more detail, via Reuters I came across a very good article on Reuters yesterday which had a series of good charts ...

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Silver to follow gold higher by Giles Coghlan, Chief Currency Analyst at HYCM The problem of silver's oversupply solved by gold's price I was reading a Bloomberg article yesterday which explained that this year is the 8th year of oversupply for ...

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S&P500 has faced the Monday blues this year by Giles Coghlan, Chief Currency Analyst at HYCM What you already knew confirmed Stock markets have fallen on Fridays more often than any other day of the week since the start of the year. This has been ...

HYCM Market Insights & Trading Tips

USDCAD bullish outlook medium term by Giles Coghlan, Chief Currency Analyst at HYCM Look to pair the strong currency against the weak one The pairing a weak against a strong currency is what I consider to be the number one thing to grasp in FX ...

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The danger of debt becoming more expensive as GDP drops for emerging markets by Giles Coghlan, Chief Currency Analyst at HYCM South Africa's debt financing is becoming more expensive It is an obvious problem. When income is high enough we can ...

HYCM Market Insights & Trading Tips

Who gains from low oil prices? by Giles Coghlan, Chief Currency Analyst at HYCM Oil low continues It was hard to believe that oil prices would hit zero. It was even harder to see how oil prices went below zero on the May contract's expiry! With June ...

HYCM Market Insights & Trading Tips