Forex Trading Experts 📊 HYCM

2021-04-09 09:52:36 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Nasdaq a buy on the dips?


Start trading now: @KevinMurph

Trade Risks:
• There is a growing risk that investors consider equity markets over bought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.
• There is an upside risk that another break out of COVID-19 could speed up further growth from tech stocks.
• Any delay in the US stimulus packages could result in general weakness in the US stock market. The Nasdaq would also suffer sharp losses in such an event.
Start_Trade_With_HYCM Open / Comment

2021-04-08 13:34:59 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
EUR/GBP sellers ahead?


Start trading now: @KevinMurph

Trade Risks:
• Any significant improvement in the outlook for Europe and the spread of COVID-19 will invalidate this outlook
• Any slowdown in either the speed of the UK’s vaccination programme or the re-opening plan will invalidate this outlook.
Start_Trade_With_HYCM Open / Comment

2021-04-07 13:22:36 All eyes on the dollar now!

The improving outlook for the US economy had been sending US 10 year yields higher which has been lifting the Dollar Index. However, last week there was a string of strong US data, but the USD fell!. ISM manufacturing was the best since 1983, NFP data was +916K jobs versus vs 660K expected, and ISM services was a beat too. Keep a careful eye on the USD this week, as more downside could indicate the reflationary narrative, which is USD negative, is coming back into focus!
Start_Trade_With_HYCM Open / Comment

2021-04-07 12:35:16 Develop your skills
There are several ways to broaden your knowledge of stock trading. Please check our education center where you can find a selection of trading tools including video tutorials and ebooks to help you along your way.

Set up a demo account
You can also open a demo account which will be your first step toward successful trading. Both novice and expert traders alike make use of demo accounts to get a feel for the platform and test and perfect trading strategies.
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2021-04-07 12:19:39 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Allianz SE enters a strong seasonal time of the year

Start trading now: @KevinMurph

Trade Risks:
• There is a growing risk that investors consider equity markets over bought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.
• There is also a risk that another break out of COVID-19 could slow down the European economy and weigh on the German stock Allianz SE.
• News of any new strong COVID-19 variant could invalidate this outlook and cause stock selling
Start_Trade_With_HYCM Open / Comment

2021-04-02 13:17:06 Tesla demonstrates Bitcoin commitment!

Tesla has contributed to some of Bitcoin’s open source software. Tesla revelled a bug in the open-source Bitcoin payment processor and wallet BTCPay Server. It helped the project’s team patch the flaw in the system. With a large fortune 500 company so firmly backing BTC, this will give dip buyers confidence that Bitcoin is here to stay. Is Bitcoin going to be around for the long term now?

BTC/USD, (59580) +1.75%, 07:00 GMT

Start trading now: @KevinMurph
Start_Trade_With_HYCM Open / Comment

2021-04-02 13:15:22 Weakest start to the year for gold for twenty years

Gold ETF’s are continuing to fall and the Fed is quite happy to see bond yields rise as a reflection of a more optimistic outlook. Rising yields are a natural drag on gold and as the US economy gets going those expectations of better times are only going to increase and put further pressure on gold. This is reflected in the bad start for gold around the start of this year. It has been one of the worse starts for 20 years. Usually the start of the year is a strong time of demand for gold as the Chinese Lunar New year attracts gold buyers.

ETF demand just keeps falling
The bad start of the year for gold is also reflected in the falling ETF levels. Remember that gold etf’s tend to trend, funds have a lot to get rid of, and etf’s tend to have a decent impact on spot prices So, falling levels of exchange traded funds impacts the gold prices. This is also in start contrast to the rise in gold etf’s that we saw last year which was instrumental in supporting gold prices.

From a seasonal perspective gold’s strong time of the year has passed. In the last 10 years gold has been flat between April and June, but there are definitely bearish factors above that can weigh on prices. So, taking a balance off factors would mean it is sensible to look for key areas to short gold from as long as these factors remain.
Start_Trade_With_HYCM Open / Comment

2021-04-02 13:14:04 Start_Trade_With_HYCM Open / Comment

2021-04-02 12:24:27 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
EUR/CAD sellers ahead?

Start trading now: @KevinMurph

Trade Risks:
• Any negative developments for the UK in terms of the vaccine rollout.
• Any significant improvement in the outlook for Europe and the spread of COVID-19 will invalidate this outlook
Start_Trade_With_HYCM Open / Comment

2021-03-31 11:44:58 Kevin Murph, Chief Currency Analyst, @ForexTradingExperts spoke to CNBC Arabia covering the below topics:

What is going on with the USD?
Why has the GBP/USD stopped rising?
What is the outlook for the GBP?
How will emerging currencies cope with a stronger USD?
What about EUR/USD?
Will it keep falling?

Watch the interview:


Start_Trade_With_HYCM Open / Comment