European shares followed the trend established overnight in Asia by opening higher, with market sentiment sending all sectors into the green territory as traders digest this weekend’s positive developments. Global risk appetite is being boosted by positive news on the virus front, especially after Pfizer confirmed the likely deployment of a vaccine by the end of the year in the US. Despite a negative start in September, market sentiment seems to be getting better and better and many traders now see the current market correction coming to an end.
However, this week may be dangerous for investors on equities as market volatility will be on the rise due to a busy agenda. Many central banks (Bank of Indonesia, BoE, BoJ and the Fed) will be announcing policy decisions ahead of a quadruple witching trading session on Friday, with many futures and options contracts expiring. This rising volatility is likely to increase trading opportunities if markets become more and more directional, but, on the other hand, it could be a trap for many investors if prices continue to trade sideways.
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.