European markets opened significantly higher, following a fresh record high on US indices, as investors welcomed the prospect of a solid US stimulus package. The “risk-on” trading stance is back on most benchmarks after the $916bn Stimulus package proposal from US Secretary of Treasury Steven Mnuchin offset mounting fears due to rising Covid-19 numbers. This had an immediate effect on stock prices everywhere while European shares also benefited from another bullish leverage: Brexit negotiations.
Investors were pleased to see the UK has agreed to make some concessions regarding its Internal Market Bill, highlighting the will of the UK Government to strike a trade deal with its most significant trade partner, the EU, which remains reassuring. However, we are not out of the woods yet as some parts of the US Covid-19 relief package are still under negotiation while investors are waiting for
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.