The German stock market didn’t escape the sell-off in tech shares and this sector is the worst performer in Frankfurt this morning with Infineon Technologies AG at the bottom of the board. On the other end of the board Materials, Health Care and Industrials shares outperforming the index with companies like HeidelbergCement AG, Fresenius Medical Care AG and Siemens AG leading the charge.
Despite today’s cautious trading mood, the DAX-30 index hasn’t broken any significant price level so far. A solid rebound has even been registered over the 12,650.0pts zone, sending prices higher and closer to the last week’s tops at about 12,800.0pts.
While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).
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© 2019 High Leverage FX - All Rights Reserved.