Global stocks edge lower, gold gains The week started with a mixed risk sentiment. The US dollar index eased to a two-month low on Friday and lacked a clear direction against the G10 currencies on Monday. Gold (+0.32%) consolidates gains between ...

LCG Market Analysis

Black Friday could boost risk appetite in US stocks Today is Black Friday in the US, the beginning of the Christmas shopping season and nearly 70% of Americans are expected to hit the online or traditional shops over the weekend. The pre-sales data ...

LCG Market Analysis

EUR gains on PMI, GBP steady post-GDP The UK’s third quarter GDP growth came in line with 0.4% quarter-on-quarter expected by analysts (second estimate), 1.5% year-on-year. Exports may have contracted by 0.7% compared with +1.7% printed earlier, the ...

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AUD tanks on RBA minutes, EUR edgy The EURUSD consolidates losses after news that German coalition talks ended with no deal hit the euro on Monday. German Chancellor Angela Merkel said she is ready for new elections, ‘a minority government isn’t ...

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Euro declines as German coalition talks collapse The single currency kicked off the week downbeat on news that German Chancellor Merkel’s efforts to form a coalition government collapsed. The euro was the leading G10 loser against the greenback in ...

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US stocks gain as House passes tax bill Cable is edging higher for the fourth consecutive session. It has been a data-full week for pound traders. The inflation steadied at 3% year-on-year in October, wages growth stabilized at 2.2% versus a ...

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FTSE flat, global stocks rebound Nikkei (+1.47%) and Topix (+1.01%) rallied after five consecutive session losses. European stock markets inherited a bullish market. US equity futures gained despite worries on controversial tax reforms, now ...

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Republicans could find it hard to pass a joint proposal on Obamacare repeal and tax reforms The US 10-year yield eased to 2.35% and the US stocks retreated on the US’ complex tax reform debate. Latest news suggest that Republicans would add the ...

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GBP softer post-CPI, EUR gains past 1.17 The UK’s headline inflation remained unchanged at 3.0% year-on-year in October, versus 3.1% expected by analysts. The core inflation steadied at 2.7% compared with 2.8% predicted by analysts. The sharp ...

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GBP tanks, ‘no confidence’ in PM May Asian stocks opened the week on a mixed note. The US dollar gained against the G10 currencies in the overnight trading session. Hong Kong (+0.32%) and Chinese mainland stocks (+0.32%) advanced with US equity ...

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Pound gains little on data, stocks sold The UK’s manufacturing and industrial production data surprised on the upside in September. The trade deficit narrower more than expected during the same month. The UK’s deficit eased to 11’253 million pounds ...

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Hectic Nikkei spoiled risk sentiment The overnight session was all about the hectic trading in Japanese stock markets. Nikkei 225 first rallied as much as 2% past 23000 level for the first time in 25 years, then plunged by 1.8% on rapid profit ...

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The 5 biggest drivers of the Australian dollar url The Australian dollar is one of the most widely traded currencies in the forex market. This video gives the 5 most important factors to consider when trading AUDUSD or other AUD forex pairs.

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Cable sold pre-1.3180, DM yields slide The US stocks and the dollar were pulled lower on news that Senate Republicans may delay the implementation of Donald Trump’s corporate tax cut plans. It is the same story, but a different day. The US stock ...

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Oil gains pre-OPEC’s WOO, GBP tops Asian traders handed over a bullish market, Nikkei (+1.75%) closed at the highest level since 1992, Hang Seng (+1.25%) and ASX 200 (+1.02%) rallied as well. Australian mining stocks closed the session 2.36% higher, ...

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Yen slides, oil gains on Saudi purge The week kicked off with limited appetite for stocks on news that Saudi’s billionaire Prince Alwaleed bin Talal, one of the world’s biggest investors, has been arrested in an anti-corruption purge in Saudi ...

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Super Thursday to shake up the pound The Bank of England (BoE) policy decision and the Quarterly Inflation Report (QIR) will be in traders’ focus in the UK. Investors are looking forward to hearing what the BoE Governor Mark Carney has to say after ...

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Fed decision and US jobs dominate the agenda in the US The US dollar is strong after the Manhattan attack. The Federal Reserve (Fed) decision is due today and the Fed is expected to maintain the rates unchanged at this week’s meeting. The ...

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Energy stocks rally, BoJ stands pat Energy stocks rallied 1.76% in London, led by a rally in BP stocks (+3.27%) after the company announced to buy back shares that have been issued to help covering a part of losses due to low oil prices. BP’s net ...

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Busy political, economic and corporate calendar in the US The strong US dollar and solid US earnings were among the major trading themes last week. The US dollar index (DXY) advanced to highest levels since mid-July and the US 10-year yield tested ...

LCG Market Analysis