Most stock markets around the world drifted lower on Monday after new bearish leverages appeared and weighed market sentiment down at the start of the week. Even if most investors have their eyes on the economic recovery, their current focus on both macro data and international trade relationships has made them temper their exposure to share markets. This morning’s mixed sentiment is taking place after investors digested renewed US-Sino trade tensions, sparking concerns over the future of the relationship between the world’s two largest economies, and another deadlock in Brexit negotiations which also worries market operators as the ultimate deadline for a deal is approaching quickly.
Furthermore, after last Friday’s disappointing US jobs report, some investors are now betting on more economic and monetary support from both central bankers and governments with further US stimulus and increased bond-buying program from the ECB expected as early as this week. These hopes may increase the downside risk on most markets as if data, central bankers, or governments disappoint, the current bearish corrective move is likely to become sharper and deeper than initially expected.
The FTSE-100 Index from London is one of the only positive performers in Europe today, as prices are getting boosted by the Pound’s decline.
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.