The German DAX-30 Index is one of the best performers in the Eurozone currently with 9 out of its 11 sectors trading higher.
Photo by Jan Kolar Vui Designer.
Commerzbank’s price surged following Polish state companies bid to buy mBank. The bank’s share price cleared the 5.635EUR resistance in the immediate aftermath of the news, and now faces the strong 5.70EUR zone if it is climb higher. However, uncertainty over who will be allowed to make the final offer remains with mBank already specifying in a note that it will prefer an investor with no presence in Poland. Elsewhere, Siemens Healthineers is also moving strongly today after both sales and annual growth beat estimates. The company’s share price rose by 8.1%, trading above 41EUR this morning before retracing part of its gains towards 40.10EUR.
The DAX-30 index is now trading well above the 13,000pts zone, its highest since June 2018, with the next resistance found at 13,195pts and then 13,465pts.
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.