UK CPI surges, new iPhone in focus 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 ...

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Risk-on dominates, USD rebounds By Ipek Ozkardeskaya The US dollar rebounded at the open. The greenback gained against all G10 counterparts, except the Canadian dollar, as Hurricane Irma weakened after hitting Florida over the weekend. The actual ...

LCG Market Analysis

USD sell-off accelerates, stocks down By Ipek Ozkardeskaya The risk-off drives capital from stocks to sovereign bonds, Swiss franc, yen and gold. The high-yielding antipodeans and the Chinese yuan also gained on the back of an aggressive sell-off in ...

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US yields fade on dovish Fed talks, VIX jumps 20% The US stocks fell on Tuesday as US traders returned from Labour Day holiday. The Dow Jones (-1.07%) was dominated by decent sales, as mining stocks (-3.27%) and financials (-2.63%) sold off ...

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Euro anxious, safe haven assets rally The safe haven assets are in demand as the trading week started with a renewed nuclear threat from North Korea. North Korea successfully tested a hydrogen bomb that could be loaded onto an ICBM, increasing its ...

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UK PMI surprised, US jobs in focus The UK manufacturing PMI surprised on the upside and printed a solid 56.9 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 ...

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USD soars on surprise data, risk-on By Ipek Ozkardeskaya 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 ...

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USD, stocks recover, ADP in focus 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. ...

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Stocks fall on nuclear threat, EUR, gold rallies 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, ...

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Oil facing upside vol on Hurricane Harvey Oil markets are face to upside volatility due to supply disruptions caused by Hurricane Harvey. According to news, the hurricane halted more than 20% of crude production in the Gulf of Mexico and 10% of US ...

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Markets quiet before Jackson Hole By Ipek Ozkardeskaya The FX markets are quiet ahead of the Federal Reserve (Fed) Chair Janet Yellen and the European Central Bank (ECB) President Mario Draghi’s speeches in Jackson Hole due later in the day. The ...

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May threw the pound under the bus The pound edged lower after the second quarter GDP estimate showed that the private consumption eased to the weakest since 2014. The government spending and capital formation were better-than-expected and ...

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Euro better bid post-PMI data, Draghi’s Lindau speech The euro was better bid following the flash PMI figures and the European Central Bank (ECB) President Mario Draghi’s speech in Lindau, Germany. August preliminary data showed a ...

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VIX index hints at anxiety in US stock markets The US President Donald Trump’s commitment to send some 4000 troops to Afghanistan to fight terrorism and ensure peace has been controversial with his campaign promises and added to worries about a ...

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Risk-off, oil buoyant as OPEC meets 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 ...

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Stronger euro is a challenge for the ECB hawks The European Central Bank (ECB) meeting accounts revealed concerns about the euro appreciation, given that a stronger currency could jeopardise the ECB’s efforts to pull the inflation up to the 2% ...

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Fed divided. Alibaba reports earnings Earlier today, the Chinese tech giant Tencent announced 70% rise in net income. Alibaba will report its first quarter earnings before the US market open. The company is expected to reveal a robust performance, ...

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GBP hits 1.29 on surprise UK wages data 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% ...

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Stocks gains as GBP slips on inflation The pound depreciated as the UK inflation fell by 0.1% on month to July versus 0.0% expected by analysts. Apparently, the soft pound didn’t cause a positive readjustment in British consumer prices. The headline ...

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Suspicious activity in the Swiss franc The US dollar was binding up wounds posterior to the Federal Reserve’s (Fed) July meeting until the skinny repeal plan got rejected by the US senate. The US dollar pared gains accumulated in Asia and opened ...

LCG Market Analysis