Our analysts have their fingers on the pulse of the world's financial market news.
Oil has entered a ‘technical bear market’ but there have been many sings of the weakness in oil leading up to this including lower highs, broken trendline and weak momentum. Still, $45 per barrel in Brent and $40 in US crude could provide short-term relief.
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.
Losses can exceed deposits.
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