European shares fluctuated on Thursday, following a slightly positive Asian session on lower volumes than usual, as investors continue to digest disappointing inflation figures from the US. However, despite this short-term pause, there is nothing threatening from a technical point of view. Most benchmarks are still trading above strong support levels with no significant moves lower seen so far as investors remain very optimistic about the medium-term economic outlook.
The idea that inflation will be driven higher by increased demand in many sectors, sparked by more stimulus measures as well as the lifting of pandemic restrictions, remains alive and well with investors continuing to price this in and buy every dip. Meanwhile attention will be trained on major US data releases today while European stock traders will focus on earnings from French giants like L’Oréal, Crédit Agricole and Arcelor Mittal.
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.