Forex Trading Experts 📊 HYCM

2021-03-16 17:26:21 Start_Trade_With_HYCM Open / Comment

2021-03-16 17:26:21 What did we learn from Governor Lowe’s speech last week

The main takeaway from the RBA is that they are not wanting to raise interest rates sooner than 2024. The RBA were explicit in this by saying that they do not share the markets expectations of rate increases in 2022 and 2023. The RBA added that the board will consider the case for extending bond purchases later in the year.

Move on the 3 year yields
The RBA had a repo tweak last week that some may have missed. In a nutshell they have announced that the borrowing of the 04/2023 and 04/2024 bonds will be done by their own facility. The kicker here is that their facility jas a fee of 100bps vs the usual 25bps fee. The prospect of shorting these 3 year yields bonds, to much rates above 0.10%, looks very unlikely.

Not before the Fed
Despite the threat of further bond purchases potentially coming Governor Lowe said that the RBA are already doing a large amount of QE and it is ‘sensible to see how the economy develops’ before deciding on further QE. The way to read the RBA is still that they don’t want to move before the Fed. Governor Lowe’s speech just puts more focus on the Fed’s meeting this week. If the Fed start talking about earlier rate rises than the RBA will likely start to follow suit. They just don’t want to be the first to declare a coming rate rise.

RBA vs RBNZ
Although Governor Orr is trying to signal a stimulatory policy investors have been giving a 29% chance of the RBNZ hiking rates this year. This percentage can grow as NZ has already purchased enough vaccines for the whole country and Q4 GDP data out this week may signal the economy is on a sure footing. This should open up a AUDNZD sell bias, but keep an eye on the bond yield spread.
Start_Trade_With_HYCM Open / Comment

2021-03-16 17:23:53 In this video Kevin Murph, Chief Currency Analyst @ForexTradingExperts, goes through the latest decision from the European Central Bank. He reviews what they decided and analyses what implications that has for the markets.

Start trading now: @KevinMurph
Start_Trade_With_HYCM Open / Comment

2021-03-12 17:55:05 It’s the weekend!

Catch up on some learning to help boost your trading skills!

https://bf185.isrefer.com/go/nurturecontent/gilesc/
Start_Trade_With_HYCM Open / Comment

2021-03-11 13:32:02 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Is the CAC40 set for gains over the next 6 weeks?

Start trading now: @KevinMurph

Trade Risks:
• There is a risk that investors consider equity markets over bought and that could see a correction. It is hard to know when that correction will come, so investors need to be aware.
Start_Trade_With_HYCM Open / Comment

2021-03-11 13:27:33 Be a trend follower, not a friend follower

In the book, Vic Sperandeo’s Method of a Wall Street Master, he warns traders about the danger of ‘recommendations’. The book is a helpful read even if some of the market conditions in the book are now dated. One of the general tips that he has, is to ‘never receive or give out trading advice’.

Find out more tips in out blog https://blog.hycmlab.com/be-a-trend-follower-not-a-friend-follower/
Start_Trade_With_HYCM Open / Comment

2021-03-10 20:30:41 Get ready for the ECB rate meeting tomorrow! Learn how to trade into and out of economic events!

See here
https://bf185.isrefer.com/go/newstrade/gilesc/
Start_Trade_With_HYCM Open / Comment

2021-03-10 14:27:38 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Is the S&P500 set for gains again this year?

Start trading now: @KevinMurph

Trade Risks:
• The current sell off on rising US 10 year bond yields could accelerate moves to the downside in global stocks and remains a risk going forward.
Start_Trade_With_HYCM Open / Comment

2021-03-09 13:03:53 Bank of Canada preview: Time to taper?

The Bank of Canada has developed a more optimistic outlook regarding its economic outlook. Heading into the latest meeting there were rumours of a very small rate cut mooted by market participants. However, these rumours were off the mark and rates were not only kept unchanged at 0.25% but the Bank of Canada updated growth forecasts.

Read the full article in our blog: https://blog.hycmlab.com/bank-of-canada-preview-time-to-taper/
Start_Trade_With_HYCM Open / Comment

2021-03-09 13:02:22 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Will we see oil sellers this week?

Start trading now: @KevinMurph

Trade Risks:
• Any drop lower in US CPI data on Thursday will weaken the USD and provide relief for oil
• Any surprise draw in inventory levels for oil will support prices
• Any strong risk on tones will also support oil.
Start_Trade_With_HYCM Open / Comment