European markets had a mixed opening on Tuesday with investors choosing to take some profits following a six-day winning streak. Even if most traders continue to cheer the improving economic outlook brought by slower virus infections and solid financial aid packages, the prospect of inflation is weighing on today’s market sentiment.
Indeed, in an environment where share markets are already near record highs led by stretched valuations in certain sectors, higher inflation raises the prospect of a pull-back. While such a bearish market correction is unlikely for now, investors will start to question the length and strength of this bull run later in the year if macro data confirms increasing prices in many economies. Meanwhile, investors will keep an eye on corporate results today with Cisco, Ford, and Twitter as well as from the French oil giant Total.
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.