Shares rose in Europe on Monday, extending last Friday’s performance and following strong gains registered overnight in Asia while Treasury yield keep recovering from their annual low. Market sentiment has been sustained by President Trump’s latest words on trade. He said “positive talks” had been conducted with Beijing, according to Larry Kudlow. However, uncertainty remains as Washington officials also said the US are not ready to sign a deal with China yet.
Markets are likely to stay volatile as traders brace for a busy week full of economic data like the release of minutes from the FED’s meeting on Wednesday and Euro-zone PMI data due on Thursday. All eyes will be on central banks as the traditional Jackson Hole meeting kicks off on Friday. Many expect to see the FED’s Chairman, Jerome Powell, reassuring everyone by providing a clear view on the state and health of the economy.
For now, all European benchmarks are edging higher, with the DAX-30 index registering the best performance so far: prices cleared the 11,600.0pts level shortly after the opening bell this morning and are now heading 100-points higher, to the significant 11,700.0pts zone. A clearing of this price level could extend the current rally to 11,735.0pts and 11,785.0pts by extension.
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.