Our analysts have their fingers on the pulse of the world's financial market news.
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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Trading on Wall Street was lacklustre, with the S&P moving between small gains and losses before moving lower into the close. News that a meeting between President Trump and China’s President Jinping Xi was being pushed back into April served to dampen dem…Read more