Most EU benchmarks are registering little gains despite a bearish opening almost everywhere. Each sector of the DAX-30 index trade in green territory with the best performances registered by Tech shares like WIRECARD, INFINEON and SAP. Most investors are bracing for another volatile trading session today, following the latest words pronounced by ECB’s Chairman Lagarde, who said the Euro area growth remains weak due to global factors.
The German index is currently flirting with the strong 13,000.0pts zone in a recovery attempt after the market traded below that level for a few hours yesterday. However, a solid resistance located between 13,095.0pts and 13,050.0pts may challenge a recovery for the rest of the day.
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.