European shares edged higher today despite a mixed trading session in Asia due to unusually low volumes. Today’s “risk-on” trading stance takes place as investors digest the latest positive developments surrounding US–China trade talks. Sentiment is also being boosted by potential further stimulus from the ECB, with its decision on rates and monetary policy to be announced on Thursday.
Elsewhere in Europe, Brexit keeps on shaking investors’ minds after UK PM Boris Johnson was forced by law to ask the EU to postpone Brexit until January 2020 after he lost another Parliament vote on Saturday. However, Mr. Johnson renewed his vow to stick to the 31st of October date for the Brexit by asking the House of Common to back his deal in another “meaningful vote” today. Reaching a deal before November would remove a lot of uncertainty surrounding stock markets in Europe and boost market sentiment ahead of the Christmas season. It is already quite noticeable traders have already priced a positive Brexit outcome as the pound manages to hold last week’s gains.
Photo by Christian Wiediger.
Finally, investors will also pay attention to industry giants like Amazon, Microsoft, UBS and China Mobile with Q3 earnings published later this week.
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.