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    Asian equities could take a boost after strong gains seen on US equities

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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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European equities trade sideways following Monday’s global sell-off

Pierre Veyret by Pierre Veyret
January 12, 2021
in Economy, Markets, Opinion
Reading Time: 2 mins read
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European equities trade sideways following Monday’s global sell-off
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European equities traded sideways on Tuesday, following Monday’s global sell-off. It seems the December trading enthusiasm, driven by the prospect of a global economic recovery, is now being offset by alarming Covid-19 numbers as well as valuation concerns over stocks that went far away from their equilibrium price. Those two bearish drivers are pointing towards a sharp short-term technical correction on certain sectors, like tech shares, while investors may want to increase their exposure to more attractive assets such as energy shares and cyclical values. The economic calendar is not very busy today with the focus instead on earnings season with Citigroup, Wells Fargo and JPMorgan & Chase reporting their Q3 results today.

The DAX-30 Index keeps on consolidating and is still trading inside its main resistance zone between 13,800pts and 14,000pts.

Tags: Citigroup IncCovid-19DAX-30Energy sharesJPMorgan Chase & CoWells Fargo & Co
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Pierre Veyret

Pierre Veyret

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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