Morning commentary: LCG

Read more commentary from LCG at www.lcg.com

LCG: FTSE tumbles as pound regains some strength

Posted on: 23 January 2017

The G-10 currencies all gained against the weaker dollar after Trump's inauguration, with strength in the pound seeing a drop in FTSE stocks.

LCG: May claims no interest in ‘half-in, half-out’ Brexit

Posted on: 17 January 2017

Theresa May has no interest in a 'half-in, half-out' Brexit, as she's expected to confirm the UK government opting for a clean break from the EU.

LCG: EUR weakens as ECB tweaks policy

Posted on: 9 December 2016

The ECB's Mario Draghi insisted yesterday that the Bank's plans to cut back on bond purchases, but to extend the scheme to the end of December 2017.

LCG: EUR rangebound pre-ECB meeting

Posted on: 8 December 2016

The ECB is expected to keep its rates unchanged, yet to hint at the future of its quantitative easing (QE) program for the next year.

LCG: Aussie tanks on contracting GDP reading

Posted on: 7 December 2016

The Australian dollar has been the biggest loser against USD in Asia, amid the most recent data showed an unexpected 0.5% contraction in the 3Q GDP.

LCG: AUD buoyant post-RBA statement

Posted on: 6 December 2016

The RBA maintained its cash rate unchanged at 1.5%. AUDUSD weakened to 0.7444, yet losses remained limited a touch above the 50-hour moving average.

LCG: Time for correction in the US markets

Posted on: 28 November 2016

The US dollar softened against all of its G10 counterparts and a majority of emerging market currencies. US equities pared a major part of the Black Friday gains.

LCG: Gold hits $1180 on rising US yields

Posted on: 24 November 2016

Gold slipped below $1200 for the first time since February. UK goldminers, Fresnillo and Randgold, are expected to extend losses along with cheapening gold.

LCG: Global stocks rally despite TPP pain

Posted on: 22 November 2016

US President-elect Donald Trump plans to quit the Trans-Pacific Partnership (TPP) trade deal from “day one” in office, according to his 100 day plan.

LCG: FTSE rises on oil, commodity stocks

Posted on: 21 November 2016

Oil bounced like a rubber ball on talks of a potential production cut from the OPEC countries at the November 30th meeting in Vienna.

LCG: Equities at risk pre-Yellen’s testimony

Posted on: 17 November 2016

Yellen will speak for the first time after the mispriced Trump victory moved the markets tremendously following the US presidential election on November 8th.

LCG: FTSE mixed, energy stocks reverse gains

Posted on: 16 November 2016

The FTSE opened range bound, with financials and energy stocks reversing the early gains. The pound pared losses and tested the 1.25 handle in London.

LCG: AUD offered as carry trades retreat

Posted on: 15 November 2016

The EURUSD consolidated losses within 1.0736/1.0771 in Asia. Trend and momentum indicators remain comfortably negative for a successful re-test of 1.0710.

LCG: FTSE rides on the back of a bull

Posted on: 14 November 2016

The FTSE opened in the green, 1.13% higher than it closed on Friday, as bullish investors back sectors predicted to do well under Trump's administration.

LCG: Singles Day brings flourish of hope to China

Posted on: 11 November 2016

China’s Singles Day has been the main focus of Asian traders. Sales reached $12 billion dollars by midday, with Ali Baba is poised to renew its sales record.

 

 

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