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London Capital Group

London Capital Group
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We are a global business, based in London with almost two decades of experience in online trading. We are authorised and regulated by the Financial Conduct Authority (FCA) and listed on the London Stock Exchange (LSE).
Oil Prices Rise
The FTSE 100 opened downbeat, as the stronger pound and selling pressures in energy (-0.85%) and mining stocks (-1.22%) continued weighing on investors’ mood in London. The WTI crude hit a 10-month low of $42.05 on Wednesday. Even the 2.45 million barrel contraction in last week’s US stockpiles couldn’t give...
China
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 strength in the US labour market should translate into higher wages and prices, and that the...
London Stock Exchange
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 behind the 326 seats necessary for majority. The Labour Party displayed a surprisingly...
Trader Stocks
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 including former FBI director Comey’s testimony, the UK snap general election and the European Central Bank (ECB) meeting. The big story...
FTSE 100 Stocks
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 positively as the waning risk appetite pushes the price of an ounce to highest levels since mid-April. Randgold...
London Stock Exchange
Trading in June has started with a positive tone. Softness in commodities after a gauge of Chinese manufacturing fell into contraction was outweighed by more positivity about the political outlook. European banking shares were lower after the European Commission agreed to allow Italy to inject capital into Monte dei...
British Pound
The pound (-0.49%) has been the biggest G10 loser against the US dollar as PM Theresa May's lead fell by five points according to the latest YouGov poll. Cable retreated to 1.2861 in London. The UK will hold a snap general election in less than two weeks and the political uncertainties...
British Pound
Cable bounced back from 1.3015, as the UK revised its 1Q growth estimate a touch lower than expected. According to the second GDP estimate, the British economy may have expanded by 0.2% quarter-on-quarter versus 0.3% expected previously. This would mean a yearly growth at 2.0% versus 2.1% printed earlier. The...
Great British Pound
The UK threatened to quit the Brexit talks, if the EU persists on requesting the €100 billion divorce bill. The GBPUSD finds more sellers than buyers above the $1.30. There could be a further stagnation followed by a pullback, if the 1.3044 (major 38.2% retrace on post-Brexit sell-off) is not...
British Pound
The pound couldn’t resist to the 2.3% monthly rise in UK retail sales, versus 1.1% expected and -1.8% printed a month earlier. Cable finally broke above the $1.30 level and rallied on stops to $1.3023. The key mid-term resistance stands at 1.3040, the major 38.2% retracement on post-Brexit sell-off, if...
BGC Brokers London Stocks
Markets aren’t feeling too peachy about impeachment. Calls for President Trump to be impeached are growing louder and that has created a long overdue sense of fear in markets. The so-called fear gauge, the VIX index spiked 10%, the Dow Jones tanked triple digits when it opened and haven...
Euro Dollar
The FTSE 100 renewed record regardless of the pound bulls. The index extended gains to 7480p, as Vodafone (+4.07%) rallied on solid results. The 7500p corner is just around the corner; neither the Brexit worries nor the stronger pound seem to weigh on the FTSE’s positive trend. The opposition party...
FTSE 100 Stocks
Record highs in UK and Germany Markets seem to be enjoying the signs that incumbent governments are set for victory in upcoming elections. A surge in energy company shares helped the UK’s FTSE 100 join the German DAX index in making a fresh record high on Monday. German Chancellor Angela...
Stock Exchange - FTSE 100 Index
A massive global cyber-attack hit more than 200’000 computers in 150 countries since Friday. Businesses across all industries are expected to be affected. The UK’s NHS (National Health Service) warned that many of 8000 GP surgeries could be disrupted for the first time. The risk sentiment is dull due to...
FTSE 100 Stocks
The FTSE 100 found buyers at the Friday’s open, as the Bank of England (BoE) meeting temporarily dented the appetite in the pound market. The temporary pause in GBP appreciation encouraged a recovery above the 7400p. The key resistance stands at 7447p, all-time high. It seems like the pound traders...
Great British Pound
The Bank of England (BoE) policy decision and the Quarterly Inflation Report (QIR) are the major macro events of the day. The BoE is expected to maintain its monetary policy unchanged, to revise its inflation forecast higher due to the significant pound depreciation posterior to the Brexit, yet to remain...
Brokers watching FTSE 250 stocks fall
Volatility gets crushed Stocks find some form The calming of political nerves saw stocks gain ground as volatility crumbled by the wayside. An unwind of the profit-taking-based losses from Monday and some better economic data out of Germany helped European stocks nudge higher. Stocks in the US opened higher on Wednesday with...
London Stock Echange
The early enthusiasm on Monday left its place to a rangebound, mixed market sentiment. Emmanuel Macron’s victory encountered a correction sell-off in the euro and the European stock markets. Nikkei (-0.26%) and Topix (-0.26%) couldn’t find buyers in Tokyo, despite a softer yen. Shanghai’s Composite (+0.06%) and ASX 200 (-0.53%) remained...
Facebook
The UK services sector expanded unexpectedly faster in April. Solid data wet the appetite in the pound, which started the session on a negative note. The GBPUSD recovered to 1/2895, after trading at 1.2830 ealier. FTSE rallied on cheaper pound and solid corporate results at the London open. Energy stocks (+2.02%)...
Apple
Dollar-pound quotation nearing the 1.30 hurdle and softer commodity prices dented the appetite in the FTSE stocks in London. Mining (-0.75%) and energy stocks (-0.45%) lead gains at the open. Tensions between London and Brussels rise. FT reported that the costs of the divorce could reach $100 billion based on...
Europe
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 France. The far-right finalist Marine Le Pen is given 39% chances of winning the final...
Donald Trump
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 personal income taxes will also be reduced. More details are due at the Wednesday’s announcement. Donald...
France
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 presidential election was remarkably in line with the opinion polls. Emmanuel...
London Stock Exchange
Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling multiple sets of corporate results while staying mindful of global geopolitics. That makes a strong directional move difficult. The risk surrounding the first round of France’s Presidential election this Sunday have been keeping...
FTSE 100 Stocks
MPs voted 522 to 13 to approve the UK’s snap general election that will take place on June 8th. According to YouGov/Times poll, the UK conservatives would comfortably lead the election by 48%, versus 24% for the opposing Labour Party. Given that a stronger support for Theresa May is...
British Pound
The kneejerk positive reaction in the British pound to the snap election aligns with our view Sterling has seen its worst. The British pound dropped on news a of a surprise announcement from Theresa May on Tuesday but rebounded when the snap election was called for June 8th. We...
France
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 due on April 26th. The popularity of the far-right (Le Pen) and the far-left (Mélenchon)...
Great British Pound
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 100-day moving average (1.2398). The 1.2360-support (Fibonacci 50% retracement on March recovery) has been tested for the third consecutive session. Breaking...
British Pound
UK’s manufacturing and industrial production unexpectedly contracted for the second month in a row. Soft data revived the Bank of England (BoE) doves and backed the idea that the inflation alone may not be a sufficient reason to raise the interest rates in the UK. Cable sold off to 1.2430 as...
Mario Draghi
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 is not warranted at this stage’ and saw ‘no need to deviate from wording of the forward...

LATEST

Oil edges up, but still set for worst first half performance in 20 years

Oil
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Oil-linked currencies gain with the commodity’s rise; dollar retreats

Brent Oil
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Will Silver be Impacted by Rising Fed Hawkishness?

Silver
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