FX Week Ahead 13.04.20 by Giles Coghlan, Chief Currency Analyst at HYCM Last week saw some optimism in global stock markets as COVID19 cases started to show signs of slowing down across a number of Western countries. However, it can be easy to ...

HYCM Market Insights & Trading Tips

Probably one of the more sobering indicators by Giles Coghlan, Chief Currency Analyst at HYCM Carlsberg and Heineken withdraw guidance With supermarket sales of alcohol having risen during the lockdown time you may have been forgiven for thinking ...

HYCM Market Insights & Trading Tips

Don't get carried away by the 'bulls' in a 'bear' market by Giles Coghlan, Chief Currency Analyst at HYCM Hold your horses If there is one trap that is easy to fall into in the markets it is the daily noise of latest moves. Take the recent oil ...

HYCM Market Insights & Trading Tips

The impact of Quantitative Easing on the USD by Giles Coghlan, Chief Currency Analyst at HYCM QE and USD The rule of thumb is that Quantitative easing weakens a countries currency. QE increases the supply of a currency and therfore you are ...

HYCM Market Insights & Trading Tips

Why the dollar will strengthen if COVID19 cases increase by Giles Coghlan, Chief Currency Analyst at HYCM If the USD was in a vote for a popularity contest it would win. The JPY and the CHF would come in close, but when the chips are down people ...

HYCM Market Insights & Trading Tips

What bargains are to be had in the current crisis? by Giles Coghlan, Chief Currency Analyst at HYCM Carnival Cruises to weather the storm, via Bloomberg The cruise line company, Carnival Cruise, is setting its coupon on its bond sale at 12%. It is ...

HYCM Market Insights & Trading Tips

Coronavirus seven day rate of change slowing By Giles Coghlan, Chief Currency Analyst at HYCM A glimmer of progress, via Bloomberg The global caseload has started to show some signs of easing now. The seven day growth outlook slowed down to about ...

HYCM Market Insights & Trading Tips

UK consumer confidence will be smashed Confidence is everything In current markets average daily ranges have seen rapid increases. Currency pairs that normally move 50-80 points a day have been finding that they move 300-600 points. Equity markets ...

HYCM Market Insights & Trading Tips

Euro shares: The winners among the losers Everywhere we look it is doom and gloom. One of the sad things about working in finance is seeing trouble coming before most of your friends and family. Many thought that some people and media were ...

HYCM Market Insights & Trading Tips

FX Week Ahead 30.03.20 The main news last week was when the US announced a $2 trillion support package for the US economy. This resulted in the largest move up in the DOW JONES since records began as it recorded more than a 11% rise on Tuesday of ...

HYCM Market Insights & Trading Tips

When will equities bottom? Here is one approach to take Answering the unanswerable Ok, no-one knows when the equity market will bottom, but it is worth doing a quick comparison to the 2008-2009 financial crisis to look for clues. One place to look ...

HYCM Market Insights & Trading Tips

Expecting AUDJPY sellers on pullbacks to 69-70.00 AUDJPY to find sellers The rationale is as follows, with COVID19 spreading rapidly across the globe and the World Health Organisation recognising that the US could become the new epicenter of the ...

HYCM Market Insights & Trading Tips

Don't buy gold until the VIX subsides When VIX falls, look to gold. As long as VIX is high, look to USD. The normal playbook is that in times of crisis, buy gold. However, although that is generally true ,it is not the case when there is a really ...

HYCM Market Insights & Trading Tips

CADJPY with more to fall as oil looks to head lower The case for further CAD downside Canada has a strong export oil market, so the fate of the CAD is tied up with the movements in oil. With OPEC discussions breaking down and Saudi Arabia planning ...

HYCM Market Insights & Trading Tips

VIX hits highest closing level on record indicating stocks have more to fall Problems mount for financial markets The Volatility Index had its highest recorded close yesterday as it surpassed the highs from the 2008/9 financial crisis. The situation ...

HYCM Market Insights & Trading Tips

FX Week Ahead 16.03.20 The average loss for European Indices was an enormous -8.09%, the US Indices average fall was -7.21%, and US Oil also fell over 28% on Monday. Oil falls was due to tensions between Saudi Arabia and Russia resulting in the end ...

HYCM Market Insights & Trading Tips

US oil offering a discount for stock reserves, but they won't turn oil prices around Support for the US Oil market from low prices The reason OPEC negotiations fell apart two weeks ago was because of the coronavirus. It was the fall in demand from ...

HYCM Market Insights & Trading Tips

Will coronavirus provide an unexpected Brexit cure? The law of unintended consequences As the global equity markets crash the world is increasingly being brought to its knees. Companies who were just about getting by now faces imminent disaster as ...

HYCM Market Insights & Trading Tips

S&P500 Futures have 30% reversal insight as coronavirus declared a global pandemic Via Bloomberg This AM Bloomberg Market's Live Blog highlighted that S&P500 futures latest falls bring the 30% fall figure into play. That would take it back to the ...

HYCM Market Insights & Trading Tips

US oil: Mind the gap, please Oil falling The recent capitulation in the oil market has come due to a number of conspiring factors. Firstly, the breakdown in OPEC talks with Russia reluctant to agree to the 1.5mln bpd production cuts. Secondly, the ...

HYCM Market Insights & Trading Tips