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Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time highs from the Global Financial Crisis, is ...
HYCM was one of the first retail forex brokerages to be regulated in the UK. With over 40 years’ experience and representation in the UK, Hong Kong, Cyprus and Dubai, the business has seen a lot of market turmoil; its Chief Currency Analyst, Giles ...
The RBNZ meeting is tomorrow and their last known direction was for negative interest rates for New Zealand in 2021. So, what else can we expect from the RBNZ tomorrow? Funding for Lending Programme (FLP) Governor Orr should release details of a new ...
Yesterday’s post flagged a great time and place to buy gold as the daily trend line broke out. The weak dollar on an expected Biden win was the catalyst for the move. The fundamental picture for gold remains strong. Interest rates around the world ...
Oil is in an interesting place at the moment as near term pressures weigh on the commodity. However, there are also near term expectations that OPEC+ will intervene this month to help support failing prices. This article lays out the bullish and ...
The return to national lockdowns has been the catalyst for the recent global stock market fall. National lockdowns in Germany and France as COVID-19 cases surge sent the EUR plunging last week and stocks dropped with risk flows away from equities. ...
Year to date demand for gold is approximately equal to 2009 demand .The year to date demand is around 2,972 tonnes. Take a look at the year to date demand chart for gold to compare it to other years with a breakdown of the major parts to this ...
This optimism in the commodity market had led Goldman Sachs to forecast a 12 month return of 28% for commodities in 2021. Metals and crops are expected to do well supported by policy aided demand, a weaker USD, rising inflation risks and a lack of ...
Not many people will have heard Kristalina Georgieva’s recent speech, ominously titled “A New Bretton Woods Moment.” With the US election just around the corner, coronavirus cases spiking again in Europe, and Brexit still featuring heavily in the ...
There has been a major shift in the perception of cryptocurrencies that has happened recently. PayPal’s willingness to endorse the use of cryptocurrency by its large user base put Bitcoin firmly on the map and gave it a stamp of approval from ...
This article highlights three reasons for gold to continue higher as cited by a Bloomberg report on the gold market. They are as follows: #1 Gold futures in contango Contango is when the futures price of a commodity is higher than its spot price. ...
video The EU and the UK have entered into a period of intensive Brexit talks. It is still in the best interest of the EU and the UK to try and reach a trade agreement before the deadline at the end of the year. The EURGBP pair should find sellers ...
On Monday, October 19 the latest OPEC+ JMMC meeting did not give any surprises to the oil market. It was uneventful. There was no recommendation to change the previously approved policy for 2021 reducing the group’s collective output cuts to 7.7mln ...
“The latest EU Leaders’ Summit should have been a defining moment for Brexit negotiations, says Giles Coghlan. “After all, Boris Johnson had announced in the lead-up that if no substantial progress had been made on Brexit by the Summit, the UK would ...
It’s been an extraordinary year of cliffhangers and unexpected plot twists that we’re all painfully familiar with by now. However, with 2020 almost in the books, there’s still at least one big unknown left for global markets, and for the United ...
The reports last week that China may have banned Coal imports from Australia is one headline to keep a note of. The reason for this is because around 30% of Australia’s GDP comes from its trade with China. Australia’s biggest trading partner is ...
There has been a move in the perception of digital forms of money. This is being accelerated by the recent COVID-19 inspired lockdowns. When digital currencies originally came out everything appeared to be somewhat, well bizarre. Catching wind of a ...
- HYCM (Henyep Capital Markets UK Limited) Representative
Dear Traders, We want to inform all members that this thread will serve as a place where you can ...