CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Market Insight

The latest analysis of popular markets from our team of industry experts.

CFD trading is high risk and may not be suitable for everyone.
Market Snapshot: USDJPY bottomed at 109?

Two hammer patterns on the weekly chart near 109 which is the 50% retracement of the rally from June – December 2016 suggest a bottom could be in. Fundamentally safe haven demand is low and the Bank of Japan is not yet signalling the tapering of QE.

 

This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.

 

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