Market Expects No Further Hikes in 2023 According to the CME’s FedWatch tool, market participants now overwhelmingly expect that the Fed’s hikes for 2023 are over. There is currently a 78% probability of a pause in September, a 65.7% probability of a pause in November, and a 61.4% probability of a pause in December. Interestingly,…
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However, operating profit plummeted 93% to £13,088 despite the revenue gain from 2021’s £198,050. The drop in profit can be traced in the 75.7% rise in administrative expenses which reached £2.57 million, compared to £1.46 million in 2021. HYCM UK registered pre-tax profit of £13,243 in 2022 and £3,706 after taxes, compared to £196,185 net…
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The product selection includes a wide variety of assets spanning across all GICS stock categories. This encompasses shares of well-known companies like Apple, Amazon, Microsoft, Netflix, Tesla, Meta, Nvidia, Exxon Mobile, Berkshire Hathaway, and many others. Stavros Lambouris, CEO at HYCM International commented: Stock offering, in general, is not a new product but is…
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Meanwhile, Citigroup Inc., which also reported earnings on April 14, announced Q1 earnings of $1.86 per share, beating the broader market’s expectation of $1.66. Citigroup’s revenues also surprised to the upside, coming in at $21.44 billion for Q1 to analyst estimates of $17.91 billion. This represents a 12% improvement over last year’s figures. Both stocks…
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In short, the bank’s analysts believe that there is a possible path to a soft landing, but that this will be dependent on the Fed being able to tweak policy “just right” in order to stay on track. Even Larry Summers, who has previously stated that a recession was inevitable, has recently softened his own…
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LR: What were the key market trends you observed in 2022, generally and specifically among HYCM’s investors? Stavros: FX volatility has returned with a vengeance in 2022, due to many of the issues just mentioned. We’ve seen moves in some of the major pairs that have been difficult to believe as the DXY reached levels…
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Coghlan regularly comments on market-moving news on financial media outlets such as Reuters, Nasdaq, FT Adviser, City AM, Daily Mail, CNBC Arabia, Asharq. Giles Coghlan stated: This is possibly one of the best times to trade FX since 2009 due to central banks increasing interest rates for the first time in years. The different speeds…
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LR: Many parallels have been drawn lately between inflation in the 1970s and today. What do you make of this comparison? Stavros: I think the similarities are only skin deep, but I can see why the comparison is being made with 1970s stagflation. There was the Vietnam War, spiraling prices, fuel shortages, and then Fed…
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Finally, Seasonax has a slightly different approach to analysis. It focuses on the seasonality of different asset classes and individual symbols. The tool works with more than 30 years of historical price data to allow HYCM traders to see if there are any seasonal patterns to observe and trade on. Seasonax can offer a different…
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The newly released HYCM Trader app offers a wide range of instruments to trade including forex, commodities, metals, stocks, indices, and cryptocurrencies (depending on jurisdiction). Users on the app can make selections from categories like Popular, Large Cap, and Big Tech to find their desired instruments, and save them to their Watchlist for faster access.…
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