The DAX-30 index opened mixed this morning, just like most European indices. The market is trading above 12,200pts after bull traders defended the 13,190pts zone in early trading moves. The short-term bullish trend isn’t threatened yet, despite the recent consolidation phase, as prices remain inside their bullish channel so far.
The best performers are in the industrial sector with Infineon Technologies trading 6% higher following a strong 4Q report which beat estimates. The company’s share price went flying after the recent report showed a 4Q segment result margin of 15.1% (vs 14.4% expected) as well as an anticipation of 5% revenue growth for 2020, which strongly revived investors’ risk appetite towards the company.
Photo by Claudio Schwarz Purzlbaum.
Elsewhere, a similar situation has been observed on Deutsche Post after the company reported a 3Q EBIT of EU942M, which topped the highest estimations. In addition, investors welcomed the announcement made by CFO Melanie Kreis who said 3Q was good and progress towards the company’s full-year 2019 targets have been made.
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.