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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).
US Dollar Currency Yen
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 (minor 23.6% retrace on August – September rise) following the Fed decision and rebounded shortly after. The better-than-expected August retail sales data released...
London Stock Exchange FTSE
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 sessions due to the sharp appreciation in the pound. Minor upside correction is underway....
Great British Pound Currency
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’ earnings growth is clearly not sufficient to compensate for the steeper rise in inflation, but more importantly, the lower...
Great British Pound Currency
The GBPUSD rallied after the data showed that the British consumer inflation accelerated to 2.9% year-on-year in August from 2.6% previously. This was faster than analysts’ expectations of 2.8%. The core inflation surged to 2.7% year-on-year from 2.4%. The solid inflation read revived the Bank of England (BoE) hawks before Wednesday’s jobs...
US Dollar Currency Yen
The US dollar rebounded at the open. The greenback gained against all of its G10 counterparts, except the Canadian dollar, as Hurricane Irma weakened after hitting Florida over the weekend. The actual damages caused by the hurricane could finally be less than $50bn versus $192bn estimated prior to the...
European Central Bank
Euro traders are holding their breath before the critical European Central Bank (ECB) meeting. The ECB is expected to maintain the interest rates unchanged. The announcement on the future of the Quantitative Easing (QE) program will likely be the main highlight. According to the latest news, the ECB’s technical committee...
London Stock Exchange FTSE
Equity traders have hard time clearing their thoughts as the North Korean nuclear threat occupy the global headlines. Safe haven assets remain in demand as Asia Business Daily based in Seoul reported that North Korea could launch a new missile before Saturday. So far, there hasn’t been any concrete plans...
Asian Stocks
Asian investors lacked appetite due to the North Korean nuclear crisis. South Korea warned that North Korea could be preparing for another ICBM launch. The overnight session saw early inflows into the safe haven assets. The US Ambassador Nikki Haley said North Korea is ‘begging for war’. Nikkei (-0.63%) and...
City of London
The UK manufacturing PMI surprised on the upside and printed a solid 56.9 in August versus 55.0 expected by analysts and 55.1 printed a month earlier. The GBPUSD advanced to 1.2947, yet the knee-jerk positive reaction remained short-lived. Tough Brexit discussion between the European and British officials continue weighing on...
US Dollar Currency
Asian stock markets extended gains for the second straight day. Better-than-expected Chinese manufacturing PMI (51.7 vs 51.3 expected & 51.4 printed earlier) helped improving the investor sentiment, except in China. Hang Seng (-0.49%) and Shanghai's Composite (-0.08%) traded lower, as telecom shares sold off aggressively on individual stock news. China...
US Stock Market Traders
The risk sentiment is improved, although the geopolitical jitters caused by Tuesday’s North Korean missile launch continues keeping the global political agenda busy. The yen, gold and the US Treasuries retreated. Asian stock markets gained. Nikkei (+0.74%) and Topix (+0.62%) closed the session on a positive note, the Hang Seng...
Investors rushed to the safe haven assets on Tuesday after North Korea fired a ballistic missile over Japan, which fell 1’200 km from Hokkaido. Japanese PM Abe commented that it was an ‘unprecedented, grave and serious threat’. Gold rallied to $1’322 for the first time since the US presidential election....
Mario Draghi
The European markets made a flat start to the trading session, as the US enthusiasm gradually faded in Asia and into the European open. Discussions on US fiscal reforms are back on the table, besides news of sanctions against some Chinese and Russian companies related to North Korea and despite...
London Stock Exchange FTSE
The FTSE 100 (+0.69%) opened upbeat on the back of limited pound appreciation and firmer commodity prices. BHP Billiton (+2.42%) rallied in London as company revealed plans to divest its US shale unit and reduce debt to avoid clash with activist investors. Energy stocks (+0.55%) were better bid in London as...
Oil Commodity
Equity markets made a quiet start to the week. This week’s economic agenda is light. The Jackson Hole meeting (Thu-Sat) will be the major event of the week. Many leaders, including the Federal Reserve (Fed) Chair Janet Yellen and the European Central Bank (ECB) President Mario Draghi will speak...
Euro Currency
The US dollar edged lower against all of its G10 counterparts amid the Trump-related tensions and the softer-than-expected industrial production in July (+0.2% month-on-month vs. +0.3% expected and 0.4% printed a month earlier). The US stocks were offered in New York. A decent sell-off hit the Dow Jones (-1.24%), the...
Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved by 2.1% (3 month-on-year) versus 1.8% anticipated by analysts. Still, consumer prices rose by 2.6% over the same month. Although, the divergence between the price and wages growth will likely continue weighing on...
China
Asian stocks were mixed while the offshore Chinese yuan spiked after data showed July export and import growth in China had fallen well below forecasts. Export growth is at its lowest since February while import growth was the lowest this year. There is a perhaps misplaced assumption from most market...
US Employment
Markets in Asia were upbeat on Monday, mirroring the positive sentiment in the US on Friday after the strong US employment report. The jump in yields after the report saw the dollar leap to leap a one week high against the Japanese yen, causing a rise in the Nikkei. The...
London Stock Exchange FTSE
Earnings preview Shares of International Consolidated Airlines Group (IAG) hit all-time highs in July on optimism that persistently low fuel costs and rising passenger demand will bolster profits. IAG shares hit some turbulence recently when other airlines pointed to an intensifying industry price war during the second half of the...
Japanese Yen
Global equity markets started the week on a positive note. Copper (+0.13%), zinc (+0.63%) and steel bar (+2.18%) traded higher in Asia, as the cooler Chinese inflation eased expectations of a further credit tightening in the world’s biggest commodity consuming economy. China’s consumer inflation eased to 1.5% on year to...
Great British Pound Currency
Cable sold off amid the UK’s industrial production unexpectedly contracted by 0.1% on month to May. The weak data further dampened the mood among the British manufacturers, already distressed by the deterioration in the June PMI data earlier in the week. The drawback in the pound suggests that an eventual...
Currencies
Asia handed over a positive market to European traders. The FTSE 100 (+0.75%) and the European stocks (DAX +0.52%, CAC +0.20%) opened on a positive note. In London, energy (+0.50%) and mining stocks (+1.58%) lead gains in the continuation of the positive trend in Asia. Bearish US dollar is the key...
Oil Commodity
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 FTSE
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...
London Stock Exchange FTSE
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...
London Stock Exchange FTSE
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 FTSE
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...
Great British Pound Currency
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...

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