Equity markets traded higher on Wednesday as the “risk-on” trading stance still prevails, driven by current stimulus plans and corporate results. Investors seem to be pricing such a distant future that even the extended restriction measures, now in place in many countries, are no longer affecting market sentiment significantly.
Most market operators now have their eyes on the end of the pandemic of course but also towards earnings as well as the future of international trade, anticipating brighter prospects everywhere. Today’s trading session is however likely to become volatile as many traders wait for major macro data from Canada, the UK, and the US as well as earnings from Procter & Gamble, Alcoa, Soitec and Morgan Stanley.
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.