Submitted May 2, 2022|From blog.hycmlab.com

video Copper is sometimes referred to as ‘Dr Copper’, due to its ability to predict the health of the global economy. When the global economy is healthy and growing then that tends to boost demand for copper. However, when the global economy is ...

Submitted May 2, 2022|From blog.hycmlab.com|1 comment

Short-term interest rate markets are expecting the RBA to hike interest rates next Tuesday by 25bps. This is to counter the surge in Australian inflation. These expectations may lead to some AUD strength ahead of the RBA meeting. The BoE is in a ...

Submitted Apr 29, 2022|From blog.hycmlab.com

The Reserve Bank of Australia meets next week and the short-term interest rate derivative markets are pricing in a 94% chance of an RBA hike. The question is, ’will the RBA hike?’. At the last central bank meeting, the RBA took a ‘hawkish hold’, but ...

Submitted Apr 26, 2022|From blog.hycmlab.com

Major central bank rundown for May: RBA, ECB, Fed, RBNZ, SNB, BoE, BoJ, BoC. Catch up on the latest central banks' statements. It’s time for your central bank catch up. So, if you have been put off the loop, or just want a quick refresher then grab ...

Submitted Apr 20, 2022|From blog.hycmlab.com

This trading saying is one that gets thrown around and it has been illustrated recently in the gold market. On April 08 it was flagged how attractive gold was looking to buy. Giles Coghlan, Chief Currency Analyst, wrote this “US 10 year yields ...

Submitted Apr 20, 2022|From blog.hycmlab.com|2 comments

The pronounced weakness in the JPY has been getting more and more attention from the BoJ. On April 18 BoJ’s Kuroda said that the BoJ is keeping an eye on the impact of excessive FX movements on the economy. Further comments by Japan’s Finance ...

Submitted Apr 14, 2022|From blog.hycmlab.com

With a focus on efficiency and cutting-edge technology, HYCM has consistently stayed ahead of industry trends. It has just applied the same ethos to its proprietary mobile app, HYCM Trader, which was built specifically for its traders’ needs. It is ...

Submitted Apr 4, 2022|From blog.hycmlab.com

The RBA has been keeping to a very dovish script despite the fact that short term interest rate markets are pricing in six 10bps rate hikes this year. See here for the last breakdown of March’s RBA meeting. You can read the full text here. The ...

Submitted Apr 4, 2022|From blog.hycmlab.com

Russia has told ‘unfriendly’ foreign countries that they need to start paying for gas in roubles or else it will cut their supplies. Although the payments for gas will not be paid by European buyers until mid-May, the anxiety this creates around the ...

Submitted Mar 29, 2022|From blog.hycmlab.com

According to Goldman Sachs copper might be mispricing ‘Russian supply risk’. The disorderly moves seen in Nickel have so far missed the copper markets as markets expect Russia’s 4% of global production of copper to be absorbed by world markets. The ...

Submitted Mar 21, 2022|From blog.hycmlab.com

The Bank of Japan met last week and they have kept up with their ultra-loose monetary policy. There had been some speculation heading into the BoJ meeting that the bank may need to flag up to markets that they were increasingly concerned about a ...

Submitted Mar 18, 2022|From blog.hycmlab.com

Russian/Ukraine risk faded midweek on a Financial Times report that a possible path to peace has been found. However, time will tell whether real progress has been made as initial enthusiasm for the report dropped off. The risk was further supported ...

Submitted Mar 16, 2022|From blog.hycmlab.com

One of the major factors that puts traditional traders off from trading Bitcoin is its volatility. This is understandable as Bitcoin regularly has 50% swings in price. If you look at the charts below you can see a 50% swing in price in a period as ...

Submitted Mar 15, 2022|From blog.hycmlab.com|2 comments

Supply chain issues, commodity surges on geopolitical risk, energy crises, and fiscal stimulus have all been touted as reasons for keeping inflation firmer than has been expected. Initially, central banks around the world expected inflation to fade ...

Submitted Mar 11, 2022|From blog.hycmlab.com

The surge in oil prices has been driven by the Russian/Ukraine crisis. From a growth perspective, one of the cures for higher prices is said to be ‘higher prices’. The huge spike in oil prices will be felt by consumers and producers worldwide. This ...

Submitted Mar 11, 2022|From blog.hycmlab.com

Russian/Ukraine risk once again sent commodities soaring and equities were pressured to start the week. However, the equity dip found buyers midweek as a temporary halt in military activity by Russia also gave markets a period of calm. The ECB met ...

Submitted Mar 2, 2022|From blog.hycmlab.com

Copper has been rangebound for some time now on the daily chart caught between short copper supply and global risk-off sentiment. There needs to be a strong fundamental shift for copper traders to have a clear conviction on the near term direction. ...

Submitted Feb 28, 2022|From blog.hycmlab.com

It was the wage price index that was in focus last week. Why? This is the RBA’s focus too. This was the comment on wages the RBA made in their last rate meeting decision: Wages growth also remains modest and it is likely to be some time yet before ...