Share markets traded lower on Tuesday in Europe, correcting Monday’s jump where market sentiment was broadly boosted by the latest US stimulus effort. Almost all benchmarks drifted lower, led by the financial sector, as despite some positive developments on a day-to-day basis, investors still lack long-term clarity. Today’s agenda is not particularly busy even if investors will pay attention to the US CB Consumer Confidence release for September, due later in the afternoon, as well as this evening’s crucial first debate between President Trump and Joe Biden. Biden is expected to lay out his strategies on key matters such as the US’ relationship with China, which would provide investors with more clues on what to expect if he wins the election.
The IBEX-35 Index in Madrid is one of today’s worst performers with the banking sector, notably Banco Santander leading declines.
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.