The DAX-30 index traded lower this morning following a failure below the strong 12,980-13,000pts zone. The only positive performance came from the health care sector with Fresenius taking prices higher following its Q3 EBIT report which beat the highest market expectation. Despite yesterday’s strong performance, Covestro trades at the bottom of the board today as investors’ appetite is weighed by the company’s new guidance implying downgrades and likely profit-taking to come. As previously said, today’s corrective move should be limited ahead of tomorrow’s data day (Fed + US GDP) with an important short-term support level at 12,880pts.
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).
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.