European stocks keep on consolidating as benchmarks opened mixed in the region. This neutral market sentiment is in place as most investors await fresh news from the highly anticipated US-China “phase one” deal. In addition, traders are still gauging the effects the situation in Hong-Kong could have on the negotiation between the two blocs as most operators fear that a firmer position from China could interfere in trade talks with the US.
Furthermore, the current market corrections can also be explained by growing fear of a slowdown in negotiations following mixed signals from Washington (tariffs cancellation) as well as multiple delays towards the next formal meeting with Beijing. While waiting for trade developments, investors who have already anticipated the “phase one” deal may switch their focus back to data this week with both US and China Retail Sales in sight (Thursday and Friday).
Photo by Daniele Levis Pelusi.
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.