Forex Trading Experts 📊 HYCM

2021-03-31 11:05:31 Latest MARKET MOOD
with Kevin Murph, Chief Currency Analyst at @ForexTradingExperts

Market mood update:
Time for S&P500 buyers?

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 US recovery.
• Finally, any new strong COVID-19 variant could invalidate this outlook and cause S&P500 selling.
• If the US stimulus bills find roadblocks then that could invalidate this positive outlook for US stocks.
• Also, be aware that market conditions are not ‘normal’ due to COVID-19 fall out
Start_Trade_With_HYCM Open / Comment

2021-03-30 18:05:36 Start_Trade_With_HYCM Open / Comment

2021-03-30 17:25:14 Gold faces a range of sell factors.

Rising US 10 year yields are like poison to gold and they have been pressuring the precious metal since that started rising in earnest at the start of the year. A strong dollar is another headwind for gold, as has been the falling exchange traded fund levels.

As long as these factors remain sellers are expected in gold. Watch the near term level at $1680. If that breaks expect an acceleration of selling.

Trade GOLD with @ForexTradingExperts now: @KevinMurph
Start_Trade_With_HYCM Open / Comment

2021-03-30 17:21:28 Dollar rising sends gold down

The price of gold fell on Monday as the US dollar strengthened and hopes of a speedy economic recovery dampened demand for the precious metal. The commodity fell by 1.18%% to $1,712.90 in the afternoon, while gold futures dipped 1.18% to $1,711.80.

Сheck the link to know three reasons driving this drop, according to Kevin Murph, chief currency analyst, at @ForexTradingExperts.

https://ukinvestormagazine.co.uk/gold-dollar/
Start_Trade_With_HYCM Open / Comment

2021-03-30 17:18:08 Four reasons oil faces headwinds

One of the key factors that has been driving the perceived inflation scare has been the rise in oil prices. However, there are a number reasons for oil’s rise to face headwinds over the coming weeks. Take a look at these reasons below.

Four reasons oil faces headwinds

Firstly, according to Bloomberg, Chinese storage capacity for oil is near capacity. The low prices for oil had been an opportunity to buy it in cheap, but the tanks are nearly full.

Secondly, the dollar keeps rallying. Either expectations of faster interest rates or safe haven flows kept the USD supported last week. This is a headwind for oil.

Thirdly, shale can come back online as oil prices rise. If shale supply grows that is another headwind for oil prices.

Fourthly, rising COVID-19 cases in Europe, The more these cases build, then the less oil needed as lockdowns return for the eurozone.

The driver for higher oil prices is that OPEC may roll over production cuts if the oil prices keep drifting lower. That can limit falls, but eventually the supply will need to come back online.

Inflation fears.

For years markets have expected rising inflation. However, globalisation has largely kept that under control. It is worth noting that US core CPI is pretty flat and not showing signs of rising inflation. Recent data from the UK and Canada have shown the same thing. Inflation is pretty flat and weaker oil prices take away a key driver.
Start_Trade_With_HYCM Open / Comment

2021-03-30 17:18:08 Start_Trade_With_HYCM Open / Comment

2021-03-30 12:04:11 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 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

2021-03-22 17:38:00 Kevin Murph, Chief Currency Analyst, @ForexTradingExperts spoke to CNBC Arabia covering the below topics:

In this video Kevin Murph, the chief currency analyst at @ForexTradingExperts, highlights:
$ and US yields and to what extent they will affected by the Fed tone.
The outlook for Euro given the Fed tone and the expectations for a slower economic rebound in the Eurozone.
The GBP and the recent economic data and what to expect from BOE next meeting.
The Yen and how do you see the central bank meeting ending on Friday affecting the Yen and Japanese bonds yields.

Watch the whole video here:


Start_Trade_With_HYCM Open / Comment

2021-03-22 17:37:12 Kevin Murph, Chief Currency Analyst, @ForexTradingExperts spoke to CNBC Arabia covering the below topics:

In this video Kevin Murph, the chief currency analyst at @ForexTradingExperts, highlights:
$ and US yields and to what extent they will affected by the Fed tone.
The outlook for Euro given the Fed tone and the expectations for a slower economic rebound in the Eurozone.
The GBP and the recent economic data and what to expect from BOE next meeting.
The Yen and how do you see the central bank meeting ending on Friday affecting the Yen and Japanese bonds yields.




Start_Trade_With_HYCM Open / Comment

2021-03-22 13:07:26 The Federal Reserve has recently met, so what implications does that have for the dollar and for gold?

In this video Kevin Murph, the chief currency analyst at @ForexTradingExperts, highlights what the Fed decided, the pressures that were under, what the dot plot shift means, and how the US 10-year yields show what the market really thinks about the Fed's latest decision.




Start_Trade_With_HYCM Open / Comment