An optimistic wind blew over European assets shortly after the opening bell on Friday morning, with almost all benchmarks climbing higher. Today’s risk appetite for European stocks has been boosted after investors welcomed positive developments on the corporate front. Optimism is particularly prominent in the automotive and engineering sectors after both Volvo and Thyssenkrupp reassured investors with their past performances and short-term outlooks. However, traders are still likely to face a “not-so-easy” trading session today as many uncertain market drivers remain. Investors are still digesting the latest set of Covid-19 restrictions in France and the UK with lingering concerns they may severely impact an already fragile recovery.
Furthermore, volatility is likely to be on the rise today for UK shares, not only because of the expiry of options, but also because of Boris Johnson’s potential decision to walk away from the Brexit negotiation table with the EU.
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.