The main German index continues to trade inside its the 13,140pts-13,300pts zone today with little volatility. Today’s top movers are in health care (Fresenius), financial (Deutsche Bank) as well as the consumer sector with Adidas.
The German manufacturer’s stock price went up this morning after Société General’s switched from a “Hold” to a “Buy” recommendation. The market is trading significantly higher, nearing 272 EUR today having cleared the 270 EUR resistance level. The next upward targets can be found near 273 EUR and 275.70 EUR on a short-term basis.
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.