European stocks drifted slightly lower at the opening bell on Wednesday, following the trend registered in Tokyo overnight, as virus fears continue to mount in many cities. The uncertainty brought by the US election has vanished and investors have switched their focus back to macro data in an attempt to assess the impact of the huge second wave of the virus on many economies. As a result, they are reducing their exposure to riskier assets and diversifying their portfolio with other instruments such as Treasuries and crypto currencies. Traders are still bracing for a volatile day with lots of major macro news on the horizon such as CPI reports from EU and Canada as well as US Building Permits and a speech from ECB chairman Christine Lagarde.
The FTSE-MIB of Milan is the eurozone’s only positive performer with the Index trading over 21,500pts.
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.