European stocks edged higher in the last trading session of the week after Xi Jinping managed to revive market sentiment overnight. Although the Chinese leader said his nation wasn’t afraid of a trade war and “won’t flinch from such a fight”, he also managed to reassure investors by confirming his desire to work out a phase one agreement with the US based on respect and equality.
Photo by Paul Fiedler.
While these words will help stock markets finish the week higher in Europe, ECB President Lagarde added to the bullish momentum by confirming this morning that the bank’s monetary policy will keep on supporting the EU economy. Today’s risk-on mood can be clearly seen on the charts with the Stoxx-50 Index trading well above 3,700pts after breaking through 3,685pts. Today’s next resistance is around 3,730pts.
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.