Asian stocks, EU equities and US Futures all traded higher on Tuesday, extending yesterday’s gains as “risk-on” sentiment prevails across the world. Market sentiment has been given a fresh boost after the US General Service Administration removed some uncertainty by acknowledging Joe Biden’s win in the Presidential election. While traders around the world were already buying on the back of progress on vaccine developments and positive macro data, the announcement by the GSA allows them to look further into the future, opening up bets on the Biden administration improving relationships with significant trade partners like China.
So far this market rally resurgence has had a really positive impact on oil markets and companies linked to them such as cruisers and airlines while techs shares have fluctuated.
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.