EUR up, WTI down, focus on US tax plans By Ipek Ozkardeskaya The euro has had a solid week so far, after the first round of the French election was perceived as a major relief from the markets, which already declared Macron the next President of ...

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Markets cheer likely Macron presidency Given that the markets have priced in the Macron victory as done and dusted, the euro is assumed to be brought up to a ‘fair value’ based on the information that Emmanuel Macron will take the lead of the ...

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Stocks rally on Trump’s tax reforms, DAX renews record The US stocks were resuscitated after the White House announced that the US corporate taxes will be cut by 15% as part of Donald Trump’s ‘major’ fiscal plans. According to the latest news, the ...

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CAC, EUR rallies on predicted Macron win The CAC 40 rallied past €5’200 at the open in Paris; French banks surged 10%, as the most feared scenarios were left out of the frame at Sunday’s French election. The outcome of the first round of the French ...

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Increased hedging against French risks Cable slipped below 1.2800, as the UK’s retail sales excluding auto fuel contracted by 1.5% on month to March. The FTSE’s intraday positive trend on cheaper pound. The FTSE 100 traded past 7130p after the ...

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FTSE tests 7100p, as Cable eyes 1.30 The Bank of England (BoE) Governor Mark Carney is due to speak in Washington later in the day. He is not expected to comment on the latest political developments, yet if he does, he could give a shake to the ...

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The FTSE 100 opened downbeat, after recording the biggest one day slump since the Brexit referendum on Tuesday. The key mid-term support to the post-Brexit/Trump rally is eyed at 7038p (minor 23.6% retracement since June 23rd 2016). The MACD index ...

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USD bid on Mnuchin, French election in focus As the UK and European traders are back from the Easter break, the attention shifts to the next critical political event in Europe, the French election. The first round of the French political election is ...

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Lira short of breath on relief rally Turkey voted ‘yes’ to the constitutional change at Sunday’s referendum. According to the official results, 51.4% of Turkish citizens approved to stretch President Erdogan’s influence at the heart of the ...

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Week Ahead: Turkish vote, China GDP & UK retail sales Turkish Referendum The Turkish referendum on April 16th is going to be the major highlight of the weekend. Turkish citizens will say ‘yes’ or ‘no’ to a constitutional change, including 18 ...

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Lira eases into referendum, USD recovers The Turkish lira pares the weekly gains as investors take profit and flatten their position before Sunday’s constitutional referendum. Turkey may be giving the most important decision of its modern history. ...

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Gold on its way to $1300, as investors are left with little to regret on falling US rates Gold extended gains to $1288. Softer US yields could drive more capital into the yellow metal as the opportunity cost of being invested in non-interest bearing ...

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European automakers gain, as UK wages boost GBP European stock markets opened upbeat. Euro Stoxx advanced to highest levels since December, as individual stock news reversed the risk-off trading earlier in Asia. Automakers lead gains in Frankfurt, ...

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UK inflation steady at 2.3%y/y The headline inflation in the UK remained unchanged at 2.3 year-on-year, versus 2.2% expected, the core inflation eased to 1.8% as expected from 2.0% printed a month earlier. The consumer prices in the UK continue ...

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GBP fragile pre-CPI, Yellen's speech in focus The pound (+0.16%) started the week flat-to-positive, in an effort to consolidate Friday’s losses after the unexpected contraction in UK’s manufacturing and industrial data sent the GBPUSD below its ...

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GBP softer on data, NFP in focus UK’s manufacturing and industrial production unexpectedly contracted for the second month in a row. Cable sold off to 1.2430 as a kneejerk reaction, the intraday trend turned bearish for an eventual extension of ...

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EUR reverses gains on Draghi comments The single currency reversed gains, as the European Central Bank (ECB) President Mario Draghi’s comments revived the ECB doves in Frankfurt. Draghi said that a ‘reassessment of the current monetary policy stance ...

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Off-kilter Le Pen debate helps Europe A slightly off-kilter French presidential debate performance from Marine Le Pen has lessened a little more of the political tension across markets. The French CAC index outshined the German DAX. Investors appear ...

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GBP gains on PMI data, FOMC minutes, ADP in focus The FTSE 100 stocks opened upbeat in London; energy (+2.03%) and mining stocks (+0.52%) lead gains on the back of firmer oil and commodity prices. Copper futures traded 1.45% higher. The barrel of ...

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LCG Market Analysis Webinar recording recording (April 3, 2017) LCG Senior Market Analyst Jasper Lawler uses technical analysis and fundamental analysis of indices, forex, commodities to prepare for the week ahead in markets. click here to watch the ...

LCG Market Analysis