With more than 10 years’ experience in financial markets, Kyle is one of Australia’s leading financial market commentators. He was most recently a Presenter and Market Commentator at Australian business streaming platform, ausbiz TV. Prior to his role at ausbiz, Kyle was responsible for Australian Market Analysis at IG Australia. He has a Bachelors of Arts in International Studies and Politics from the University of Melbourne.

This appointment follows strong client growth across Capital.com’s Australian business.  The number of new account openings across the Capital.com Australia platform has grown by more than 43% year-to-date. In 2022, Capital.com’s Australian client trading volumes rose by over 1300% from a year earlier, making it 2022’s ‘fastest growing leveraged trading broker in Australia’ according to Investment Trends’ 2022 Australia Leverage Trading Report.

Laura Lin, Chief Executive Officer, Capital.com Australia, said: “Australia is a relatively open, trade-exposed economy. This means changes in other countries could have significant implications for us, and in the world of trading a successful trader looks at various dynamics including politics, economy, society and technology. Kyle’s expertise and understanding of the local and global markets will be instrumental in supporting our growth and addressing our clients’ burgeoning interest in the Australian markets and the surrounding region.”

In his role as Senior Financial Market Analyst at Capital.com, Kyle will be responsible for delivering detailed, high-quality market analysis on a regular basis to traders in Australia and around the world. He will support clients with a range of analysis, insights and  educational content across a number of channels including video, web, social media and email. Kyle’s expertise in the Australian and Asia Pacific markets will significantly expand Capital.com’s market analysis efforts.

Commenting on Kyle’s appointment, Andrew Francos, Head of Commercial Marketing, UK at Capital.com, said: “At Capital.com, we are on a mission to help traders make better decisions with technology that educates, inspires and drives confident action. Kyle’s deep understanding of the region, combined with our commitment to serve our clients worldwide with insightful content in a variety of formats, will significantly strengthen our market analysis efforts. We are delighted to welcome Kyle to the team and look forward to supporting our clients with more localised content and analysis to help them better inform their trading decisions.”

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Laura Lin has been instrumental to Capital.com’s success since joining the company in 2021. Under her leadership, Capital.com’s Australian business has gone from strength to strength, contributing to the Group’s overall growth.

In 2022, Capital.com Australia reported a rise of over 1300% in client trading volumes. The upward trend has continued so far into 2023 with Capital.com Australia reporting a 53% rise in client trading volumes Q1 2023 compared to Q4 2022. Testament to its growth, Capital.com Australia has been ranked the fastest growing leveraged trading broker in Australia, according to the 2022 Australia Leverage Trading Report released by Investment Trends.

“I am honoured to be named one of the Top 25 Female Leaders in Financial Technology by the Financial Technology Report and is testament to the hard work of the entire Capital.com team. This recognition coincides with a 87% growth in active traders and a 1300% rise in trading volumes during 2022, reflecting Capital.com’s growing reputation as a platform of choice among Australian retail traders,” said Laura Lin, CEO of Capital.com Australia.

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The current range stands at 4.75% – 5% after the Fed delivered another 25bps hike at their March meeting. Markets had started to lean in favour of that being the last rate hike and therefore the terminal rate, but after last Friday’s jobs data the current pricing is showing a 70% chance of another 25bps hike in May. The fact is that the unemployment rate unexpectedly dipped once again and labour conditions remain tight, something that Powell had hoped would have shown further signs of loosening by now.

As expected, this caused a little bit of concern for equity traders and led to US stocks consolidating sideways at the beginning of this week, further aided by the reduced flows due to the Easter holiday.

But Wednesday brought most of the excitement this week with the March US CPI data release and the FOMC meeting minutes. The first gave a pleasant surprise as year-on-year inflation rose less than expected, coming in at 5% vs 5.2%, and dropping from 6% in February. The release gave a boost to equities and commodities and caused a bit of a tumble in US yields.

That said, core inflation rose slightly from the previous month, which was already anticipated by markets, but nonetheless, it proves that domestic price pressures remain sticky, especially within the services sector. The feeling was further cemented by the fall in producer prices (PPI) released on Thursday, showing that price pressures have eased at the beginning of the production line.

The FOMC meeting minutes failed to reveal any new information, evidencing that some members had weighed stopping rate hikes at the March meeting after the banking rout, but still on track to continue tightening. In fact, Atlanta Fed President Raphael Bostic reiterated this morning that one more quarter-percentage-point interest rate hike can allow the Federal Reserve to end its tightening cycle with some confidence inflation will steadily return to the U.S. central bank’s 2% target.

The recent rally in US indices does seem slightly overextended but the technicals are still supporting a path of least resistance higher. I wouldn’t be surprised if we see some consolidation over the coming days, with the potential for a minor pullback, which would allow for a more healthy and sustained rally.”

By Daniela Hathorn, Senior Market Analyst

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