Shares are edging higher in Europe following gains registered overnight in Asia as market sentiment seems to be back on track this week. Investor appetite towards stocks has been recently boosted by potential trade developments next week after Washington confirmed a visit for a first face to face meeting since the last G20 in Osaka.
In addition, investors have also welcomed the deal reached between President Trump and Congress that will extend the debt limit and 2-year budget. However, volatility is poised to rise with several large companies from different sectors reporting their results today.
Also, later today, the EU Consumer Confidence and the US Richmond FED Index will be released. This data is likely to have a significant impact on currencies and, mechanically, on stocks as well. For now, the Stoxx-50 index continues to flirt with the 3,500.0pts level while the DAX-30 index is registering the best European performance. However, the German index currently faces a strong technical resistance zone located between 12,380.0pts and 12,400.0pts which should contain the market for the rest of the day.
Photo by Willian Iven.
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.