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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).
Euro Currency
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...
US Dollar Currency
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...
Federal Reserve
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...
Great British Pound Currency US Dollar
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...
Great British Pound Currency
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...
easyJet
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...
Great British Pound Currency
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 Spain The collapse of the IBEX through the 10k level for its worst daily fall in 15...
Catalonia resolve sees Spanish stocks dive Stocks 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...
Europe
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...
US Dollar Currency
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 assets Gold...
Euro Currency
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...
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...

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