Latest news by Giles Coghlan, Chief Market Analyst, HYCM
BTC dominance suggests bull market calls could be premature
by Giles Coghlan, Chief Market Analyst, consulting for HYCM In crypto, there’s an interesting dynamic between bitcoin, bitcoin dominance (BTC’s market cap as a percentage of the overall crypto market cap), and the “altcoin” market…
HYCM: Is Big Tech Signaling the Worst is Over? (Not Yet)
by Giles Coghlan, Chief Market Analyst, consulting for HYCM The worst fears of equity bears appear to have been avoided by big tech firms this earnings season, with earnings beats from Microsoft, Alphabet, Meta, and…
What Powell Really Said About the Road Ahead
By Giles Coghlan, Chief Market Analyst, HYCM On Wednesday November 30, Federal Reserve Chairman, Jerome Powell, spoke at the Brookings Institute, providing what he called a progress report on the FOMC’s efforts to restore price…
Are US Equity Bulls Getting Ahead of Themselves?
By Giles Coghlan, Chief Market Analyst, HYCM US stock traders seem to be engaged in a dangerous game with the Federal Reserve, recently they managed to set the highest daily close for over a month…
Gold and Silver in a Time of Uncertainty
by Giles Coghlan, Chief Market Analyst, HYCM Precious metals are having a difficult time in an environment of dollar strength and rising rates. Gold has held up relatively well, especially when priced in euros, yen,…
Global dollar woes continue. Is a peak in sight?
by Giles Coghlan, Chief Currency Analyst, HYCM As President Nixon’s Treasury Secretary, John. B. Connally famously announced to his stunned counterparts at the 1971 G-10 meetings: “The dollar is our currency, but it’s your problem.”…
Google searches for “recession” peak and other lagging indicators
By Giles Coghlan, Chief Currency Analyst, HYCM In June, Google searches for the word “recession” peaked at their highest level since March 2020. The only other notable peak since 2017 was August of 2019, which…
Risk-off reigns; USD holds until Fed provides clarity
By Giles Coghlan, Chief Currency Analyst, HYCM Mid-January proved to be a difficult period for the US markets, with equities suffering their worst drawdown since the heights of the pandemic back in March of 2020.…
Everything You Should Know About XTZUSD: The Most Honest Chart in Crypto?
By Giles Coghlan, Chief Currency Analyst, HYCM Even if you’ve been following cryptocurrencies closely this year, you probably haven’t heard a great deal about Tezos. This is rather odd as Tezos is a project that’s…
What New Did We Learn from Jackson Hole?
By Giles Coghlan, Chief Currency Analyst, HYCM With Friday’s Jackson Hole symposium now firmly in the rearview, what else did we learn from the annual meeting that had to be held virtually this year, owing…