European indices had a mixed opening mixed on Monday, with the energy and financial sectors weighing on most benchmarks as traders brace for another busy week. While the direction of European stocks remains uncertain this week, market volatility is likely to be on the rise. Indeed, most investors are patiently monitoring the discussions between EU leaders about an additional €750 billion recovery package. Even if these renewed stimulus measures may not be fully priced in yet, market operators remain quite confident about it, making new highs possible for EU markets later this week. In addition, investors’ trading decisions will also be influenced by a new batch of corporate earnings this week with reports from Blackstone Group, Microsoft, UBS and Unilever looming.
However, further downside pressure may also be felt on global stock markets this week as coronavirus cases continue to rise and the likelihood of renewed lockdowns in many areas remains a concern.
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.