A strong bearish wind is blowing over European assets on Thursday, following the trend registered by Asian shares during the night. This change in mindset came at the end of the US session on Wednesday after the FOMC, while maintaining its dovish stance, failed to provide investors with further clues regarding its economic stimulus plans. All sectors are trading in red territory this morning with tech and financial shares leading declines as a “risk-off” mood takes over. The FTSE-MIB is seeing the worst performance – even underperforming the Stoxx-50 index – as the Italian banking sector is among the most shorted this morning.
European investors will however pay close attention to this morning’s CPI release as it could seriously impact the next move from the ECB. The meeting minutes from the BoE and the batch of US data release (Jobless Claims and Building Permits) are also likely to drive market volatility higher in the afternoon.
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.