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 markets showed signs of life once again on Thursday, moving higher and recovering after a couple of down sessions. The tech heavy Nasdaq led the charge northwards, with the likes of Facebook, Google parent Alphabet and Apple gaining between 1.4% - 2.4% each.FAANG’s back in favourTech stocks have...
IndicesEuropean markets have opened lower after another late sell-off on Wall St The Nasdaq 100 gave up 1% gains to end lower Japan’s Nikkei stock average closed down 2% for its biggest loss of 2017SharesHammerson has agreed to a £3.4bn offer for Intu Properties Legal & General...
One of the biggest drivers of the Australian dollar is the iron ore prices. Western Australia is the world’s largest iron ore producer. As a result, the Australian economy is expected to perform better with stronger iron ore prices. Iron ore futures declined by almost 30% since August and...
The risk sentiment is mixed with the flow of news across the globe. German coalition talks failed, UK could offer to pay a higher divorce bill before the end of the year. There is no progress in US tax reforms. US treasuries gained, yields eased. The European stock markets...
Cable is edging higher for the fourth consecutive session. It has been a data-full week for pound traders. The inflation steadied at 3.0% year-on-year in October, wages growth stabilized at 2.2% versus a deterioration predicted by analysts. Retail sales came in better-than-expected as well. It is not sure if...
The US stocks gained in New York, the Nikkei 225 ended its record sixteen-day winning strike in Tokyo. The USDJPY didn’t get the chance to test Monday’s post-election high of 114.10 yet. The US dollar gained, the US treasury yields edged higher. Gold fell as the opportunity cost of holding the...
The EURUSD cleared support at the 100-day moving average (1.1750). The decline in the euro yields weighed on the sentiment on Monday, as the generic 10-year euro yield slid by 4.43%. European yields rebounded by 3.70% shortly after the opening bell on Tuesday.The Eurozone’s October flash manufacturing data is due today,...
Japanese PM Shinzo Abe won his bet on October 22 snap election. The yen was the leading loser against the US dollar in Tokyo. The USDJPY hit 114.10, Nikkei (+1.11%) and Topix (+0.94%) gained as PM Abe managed to obtain a two-thirds majority on Sunday.Abenomics 2.0 should pave the way...
The pound has gone wild on Thursday. The GBPUSD tanked to 1.3120 as the European Union’s Chief Negotiator for Brexit Michel Barnier said the EU will start ‘internal preparatory discussions’ amid the ‘Brexit impasse’ on the divorce bill. Shortly after, the pair rebounded to 1.3290 on news that Barnier could...
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 many stocks traded ex-dividend including HSBC and Tesco.The DAX and the CAC may be under the pressure...
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 after Catalans took a step back from their unilateral independence rhetoric and seem open to discussion with...
The pound extended gains on the back of a stronger-than-expected industrial and manufacturing production data. Industrial production rose by 1.6% on year to August, as the manufacturing production surged by 2.8% over the same period, versus 1.9% expected by analysts. Strong read underpinned the buy-side in the pound market.It...
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. May’s disastrous speech at the Tory party conference last week has successfully caricaturized the dull atmosphere at...
Stocks in Europe slipped in early trading on Friday with traders sitting on their hands ahead of the release of key US employment stats. Cracks are appearing in Catalonia’s move to independence, but until the notion of independence is dispelled, contagion risk remains. The DAX index bucked the trend with small...
Shares in Europe opened mostly lower on Thursday, with the exception of Spain’s IBEX which edged higher. Blue chip British stocks gained ground thanks to the foreign-earnings benefit of a weaker pound.A bounce in SpainThe collapse of the IBEX through the 10k level for its worst daily fall in 15...
Catalonia resolve sees Spanish stocks diveStocks in Europe were mixed in early trading on Wednesday. Spanish politics is acting as a drag on the positive read-across from the record highs on Wall Street but. The resolve of regional officials in Catalonia to announce independence from Spain has caught markets off...
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 Catalan referendum is an event risk that many traders may want to avoid...
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 either; the US dollar is where investors are positioned at the moment.No appetite in risky or risk-free assetsGold...
The German election resulted in a disappointing win for Chancellor Angela Merkel’s grand coalition; her victory was spoiled by the rise of the far-right AfD (13%), which made its way to the government for the first time since the World War II. Though the presence of the AfD should...
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...
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....
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...
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...
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...
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...
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 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...
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...
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...
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...