European share markets started the week on a mixed note as the “wait and see” trading stance continues ahead of a busy week. Stimulus measures and the US-Sino relationship remain the biggest market drivers at the moment and investors were slightly disappointed to see trade talks between Washington and Beijing, initially planned for this week, have been postponed. Wednesday is likely to be the most volatile day of the week as traders patiently wait for the Fed’s minutes of its last meeting in order to predict the next move from the central bank. Further downside risks in the near term may increase if these minutes prove disappointing as many investors have already anticipated further stimulus measures. Elsewhere traders will also keep a close eye on oil markets and energy shares this week as the next OPEC meeting looms on Wednesday and, depending on the tone and discussion, could lead to volatility spikes on energy-related sectors.
European markets remain neutral so far, with losses in utilities offset by gains in the IT sector. The Stoxx-50 Index is still trading sideways in the middle of its 3,100-3,400pts trading range.
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.