Global stocks held gains, from Asian shares to US futures, for the last trading session of the week as investors continue to push prices higher prior to a major data release later today. Market optimism boosted by hopes of an economic recovery driven by recent positive vaccine developments, continues to increase investors’ risk appetite. This current situation is delivering a significant boost to energy shares, as well as oil markets, after this sector was one of the most heavily impacted by the Covid-19 crisis. In addition to the bullish leverage of higher demand for those assets, yesterday’s OPEC+ deal has also given another boost to black gold related shares.
Unsurprisingly, travel and leisure shares, such as airlines and cruise companies, are among the top performers today. However, Investors are likely to witness higher market volatility in the afternoon with key data release from the US, as the highly anticipated Non-Farm Payroll together with the unemployment rate for November are announced. The release could well lead to profit taking moves prior to the weekend.
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.