Shares drifted lower this morning in Europe with banks and miners leading declines on the Stoxx-600 index. Last week’s strong “risk-on” mood isn’t dead, but investors preferred to take some profits following President Trump’s recent speech in which he said no agreement has been reached yet to cancel the tariffs with China. The turmoil in Hong Kong hasn’t helped market sentiment either as it underlined rising geopolitical tensions in the region.
Further market corrections are to be expected this week, especially if data disappoints like China did over the weekend. For now, the Stoxx-50 index opened significantly lower but stayed inside its short-term 30pts wide trading range after having registered a solid rebound over the 3,685pts zone.
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.