Gold and silver selling ahead?

Gold and silver markets have both been pressured over the last few weeks on expectations of aggressive Fed hikes. On Tuesday this week both headline and core inflation printed at…

Sell the EURJPY rally?

On Friday the Eurozone Global Composite PMI print for July dropped to 49.4 from 51.0. This was below the minimum expectations for a print of 50. On top of this,…

The technicals driving gold right now

Gold’s technical reversal signal Last week gold retested major support around the $1780 region. However, sellers were unable to push the price lower and the daily price action on Friday…

What’s going on with the GBP?

The Bank of England was one of the first major banks to increase interest rates in order to deal with surging inflation. With inflation at 9% y/y the early action…

NZDCAD buy bias?

One of the key skills in trading is trading a strong currency against a weak one. This helps generate a clear directional bias for a pair based on the underlying…

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.