European stocks edged slightly higher on Wednesday, boosted by easing UK-EU tensions, with transaction volumes falling as we get closer to the end of the year. Investors continue to drive stocks higher, aiming to offset and fill the bearish gap left open at the beginning of the week, while market sentiment has received a fresh boost from a resolution being found on the trade and transport impasse between France and the UK.
In addition, investors seem to particularly appreciate the last effort being made by British and European negotiators on a “final push” for a Brexit deal. Even if no strong directional market movement is expected before 2021, the bullish scenario remains the most likely as bullish leverages remain stronger than bearish ones. Investors’ focus will be trained on the travel and leisure sector and energy shares with the EIA crude oil inventory report due later today. Moreover, US jobless claims, durables and personal income data from the US may also increase short-term market volatility.
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.