USD reigns pre-GDP, EUR, GBP fall The US dollar trades higher across the board as the US House of Representatives passed the budget resolution, rising hopes on feasibility of President Trump's tax overhaul despite the split at the heart of the ...

LCG Market Analysis

Focus on ECB, US tech giants’ results By Ipek Ozkardeskaya The European Central Bank (ECB) meeting and President Mario Draghi’s speech are the major macro events of the day. The ECB is expected to announce details on its Quantitative Easing (QE) ...

LCG Market Analysis

Euro defies political crisis, stocks gain The Catalan crisis deepens as Spanish government prepares to trigger the Article 155 on Saturday. Catalan independence groups called their supporters to withdraw their money from major lenders such as ...

LCG Market Analysis

European stocks down on Catalan impasse Cable fell to 1.3132 as UK retail sales including auto fuel contracted by 0.8% on month to September, more than -0.1% expected by analysts. The pound has been weakening since the beginning of this week, ...

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Pound holds ground on wages data By Ipek Ozkardeskaya Asian trading session was quiet. The equity markets traded rangebound; Shanghai’s Composite gained timidly as twice-a-decade China’s Communist Party (CCP) congress kicked off. During his ...

LCG Market Analysis

GBP gains as UK inflation hits 3% The British consumer price inflation hit the critical 3% threshold in September. The solid inflation revived speculation that the Bank of England (BoE) may raise interest rates as soon as the next monetary policy ...

LCG Market Analysis

IBEX plunges on Catalan uncertainty Political risks are on euro traders’ agenda this week. The trading week started with Catalan talks in Madrid. Catalonian President Carles Puigdemont sent a vague letter to Madrid reiterating that Catalonia will ...

LCG Market Analysis

USD down. US earnings season kicks off Nikkei (+0.35%) and Topix (+0.20%) consolidated gains in Tokyo, as Korea’s Kospi index closed on record high for the second consecutive day. European markets opened flat. FTSE 100 traded lower in London, as ...

LCG Market Analysis

IBEX upbeat before Rajoy reaction, Fed minutes in focus European traders took over a strong market from Asia. Japan’s Nikkei 225 traded at the highest level since 1996, as Korea’s Kospi closed at a record high. The IBEX 35 (+1.15%) opened upbeat ...

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Catalonian President to speak at 6pm in Barcelona It could be a make or break day for Catalonia. The Catalan government meets to discuss about an eventual separation from Spain. Catalonian President Carles Puigdemont will deliver a speech to ...

LCG Market Analysis

Turkish lira hit hard, pound gains The pound (+0.42%) gained against the US dollar in London despite the decent political pressure. According to latest news, PM Theresa May could reshuffle her cabinet and exclude Foreign Secretary Boris Johnson. ...

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Is Catalan referendum underpriced? The EURUSD benefits from some profit taking after a week of losses due to a surprise German election outcome. The pair traded at 1.1801 into the European open. Yet, the euro-bias remains on the downside as the ...

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USD gains territory, gold below $1280 US dollar strengthens across the board, the antipodeans fall, equity indices are marginally higher, as capital flies out of the bond markets. Cable retreated to 1.3349 and is preparing to test a key Fibonacci ...

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USD appreciates against all G10, EM The risk sentiment has not fully recovered following the latest North Korean crisis and the Kurdish referendum. However, investors move away from the safe-haven holdings. Money doesn’t flow into riskier assets ...

LCG Market Analysis

USD rebounds pre-Yellen, JPY weakens The US dollar is stronger against the majority of its G10 counterparts before the Federal Reserve (Fed) Chair Janet Yellen’s speech due later today at the National Association for Business Economics Annual ...

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Seeking safety on N. Korea, German vote By Ipek Ozkardeskaya The currency markets rectify the post-Federal Reserve (Fed) price action on the US dollar. The risk appetite is fading on speculations that North Korea could test a hydrogen bomb in ...

LCG Market Analysis

US dollar, stocks rallies on hawkish Fed By Ipek Ozkardeskaya The US dollar is the main driver of the currency markets after the Federal Reserve (Fed) delivered a surprisingly hawkish accompanying statement on Wednesday. Cable retreated to 1.3448 ...

LCG Market Analysis

Stocks gain pre-Fed, storm Maria looms Equity traders kicked off the week on a positive note. Hang Seng index gained 1.24% and Australian ASX 200 advanced by 0.45% on Monday. The FTSE 100 opened upbeat after having lost 2.75% over the two previous ...

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Pound rallies, light response to N. Korea Asian traders woke up to another risk-off session as North Korea launched a new missile over Japan as a response to the recent UN sanctions. The US dollar edged higher against all G10 currencies, partly on ...

LCG Market Analysis

Pound’s plunge could remain short-lived Cable rebounded lower from a year-high (1.3379) after the British wages growth stagnated at 2.1% year-on-year in July, versus 2.3% expected by analysts. The weak data revived worries that British households’ ...

LCG Market Analysis