EUR gains on Draghi’s comments, GBP in focus The EURUSD gained as the European Central Bank (ECB) President Mario Draghi delivered an optimistic speech regarding the Eurozone economy at his speech in Portugal. Draghi said that the ECB’s current ...

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EUR flat on Italian bank rescue, Nestle bid Italian government committed to rescue Banca Popolare di Vicenza and Veneto Banca for 17 billion euros, the biggest rescue of its history. News revived concerns regarding the health of the Italian banks ...

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Week Ahead video: Brexit anniversary & oil run url

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Carry traders seek opportunity in low US, EU rates The US dollar is offered against all of its G10 counterparts. The antipodeans are the biggest gainers. The euro and the pound are well bid as the European traders step in. The June flash PMI ...

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Market Snapshot: Nasdaq and gold bounce together The oil market sell-off has weighed on the energy sector of the Dow Jones Industrial index, creating some demand for havens like gold – but the Nasdaq, thanks to its concentration of tech (and not ...

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Gold, yen recover on soft US yields The US 10-year sovereign yields are surprisingly quiet. The probability of another rate hike in December fell to 41.3%. The US dollar is mixed, the macro-specific factors drive the currency markets. Gold is back ...

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Cable struggles near 1.26 before Queen's speech, FTSE down on oil The FTSE opened downbeat, energy stocks (-0.48%) and financials (-0.50%) weighed on the sentiment in London. The GBPUSD traded below the 1.26 mark for the first time since April. The ...

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LCG Market Analysis Webinar (June 19, 2017) url

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John Qatarley charged, FTSE loses charge FTSE loses charge on oil slide The FTSE 100 erased early forex-induced gains by the afternoon when energy sector shares slumped alongside the price of oil. Investors were also weighing up the implications of ...

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MSCI decides on China, Dow at record By Ipek Ozkardeskaya The US dollar and the US yields improved on Federal Reserve (Fed) member Dudley’s optimistic view of the US economy. William Dudley, who is known as a dovish Fed member, said that the ...

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EURGBP: golden cross The EURGBP saw its 50-day moving average crossing above the 100 and 200-day moving averages. The formation of golden cross could limit the euro’s downside against the pound this week, revive buyers for a recovery to 0.8868 (June ...

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Dow Jones preparing to renew record Appetite in the US stocks remains intact in the aftermath of the Fed rate hike. Wall Street rolling index traded at fresh all-time highs, up to $21’405, hinting at another day of record. The S&P500 and NASDAQ ...

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Soft retail sales hit GBP, BoE in focus The UK retail sales, excluding auto fuel, contracted by 1.6%, worse than -1.0% expected by analysts and 2.0% printed a month earlier. Cable retreated to 1.2704 posterior to the data. The pound traders continue ...

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Market Snapshot video: EURGBP & gold setups url

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BoE-hawks retreat on weak wages growth The pound reversed earlier gains as the growth in average earnings contracted to 2.1% year-on-year in Mya versus 2.4% expected by analysts. Slower wages growth combined with a fast rising inflation means ...

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FTSE, GBP heavy as May faces Tory MPs The UK struggles with rising political uncertainties after Theresa May lost majority in June 8 snap general election. According to latest news, the PM’s office admitted that she hasn’t reach a deal to govern ...

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GBP tanks post-election, FTSE up The result of the UK snap election has been dramatic for Theresa May, who was seeking a larger majority for Tories when she announced a snap general election in mid-April. May’s Conservatives obtained 306 seats, far ...

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Pound, FTSE holding breath as UK votes The election polls in the UK have been hectic, as PM Theresa May’s Tories lost their popularity meaningfully during the recent weeks. According to the latest YouGov poll, the Conservatives’ lead widened 7 ...

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Sentiment mixed before busy Thursday The European equity markets opened flat to negative on Wednesday, following a quiet trading session in Asia. Investors will certainly remain in wait-and-see mode before Thursday’s busy eco-political agenda ...

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Gold up, FTSE down on strong pound The FTSE 100 opened downbeat on stronger pound. Mining and energy stocks opened flat to positive, although the Qatar isolation and cheaper oil prices keep investors tense and gains fragile. Gold miners diverge ...

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