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 in[…]
Category: Jasper Lawler
Dovish Fed triggers rally against USD By Ipek Ozkardeskaya The Federal Reserve’s (Fed) July meeting has been a big disappointment for the US dollar bulls. The Fed maintained the interest rates unchanged as expected, yet refrained from giving out more details regarding its balance sheet normalisation plans. The[…]
AUD falls post-inflation, Fed in focus Cable surrendered itself to the US dollar during the first two sessions of the week. The GBPUSD remains rangebound between 1.2920 and 1.3124 (major 38.2% retracement on June – July rise / July peak). The UK’s second quarter preliminary[…]
FTSE flat at 7434 DAX -8 points at 12256 CAC -1 points at 5160 The Federal Reserve (Fed) will deliver its policy verdict today and is expected to maintain the interest rates unchanged. Markets are fixated to details regarding the Fed’s balance sheet normalisation plans.[…]
The EURUSD consolidates gains at two-year high levels. The next resistance is eyed at 1.1714 (Aug 2015 high). The EURGBP trades at the top levels since November 2016.
Welcome to LCG’s look ahead to the key events in markets for the week starting July 24th, 2017. The Federal Reserve (Fed) meeting is the key highlight of the week. As the Fed is expected to leave the rates unchanged, investors will concentrate on details,[…]