European markets opened higher, confirming yesterday’s gains while benchmarks head for their best weekly performance since November. This “risk-on” market sentiment spread to Europe from the US after investors welcomed the result of the run-off election in the state of Georgia that gave the Democratic party effective control of the US senate, relieving political and economic uncertainties. This is perceived as very good news by traders as the Biden administration will now have greater powers to boost economic recovery in the short-term, introduce more tax and regulation in the mid-term and build strong international trade partnerships in the long-term.
Travel & tech shares are among the top performers in Europe today while the Stoxx-50 index trades well above the 3,600-pts level with 3,770 pts now in sight. While this bullish sentiment is likely to continue in the short- to mid-term, investors will focus back on the US later today as the highly anticipated unemployment change and Non-Farm Payroll data for December are looming.
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.