European equities opened lower today, extending Monday’s losses as market sentiment remains under pressure following President Trump’s latest tariff threats against several trading partners including Brazil and Argentina. Investors were also scared to see the US ready to start another trade war, with Europe this time, as it considers EU subsidies to AIRBUS unfair to US firms. The Trump administration has also specifically targeted France by announcing a potential 100% duty over a list of French products valued at USD 2.4 bln. Volatility spikes are to be expected on EU benchmarks after the French Finance Minister said the EU was preparing a strong reaction to the latest US tariff threats.
Photo by Laimannung.
In the meantime, bull traders were also disappointed to see trade talks stalling between the US and China following the ‘Hong-Kong bill’ signature by President Trump. Possible retaliatory measures from Beijing are killing the ‘risk-on’ mood as the 15-Dec deadline is looming and chances to get a trade deal signed before the end of the year are now vanishing.
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.