The “risk-on” trading stance on stock markets has continued into the last week of November. Investors, encouraged by the enthusiasm surrounding successful vaccine developments, signs of the global economy recovering as well as speculation about more dovish monetary policies to come from the Fed, have sent stock prices higher on Monday.
Technically speaking, the configurations are starting to become really interesting on EU assets as most benchmarks are now challenging key resistance levels, the only ones before a likely price acceleration inside a bullish trend resurgence movement. The Stoxx-50 Index is currently challenging the 3,500pts level where a clearing could open the way to 3,610pts on a very short-term basis while the DMI indicator already shows a growing buying pressure inside an increasingly clear directional price action: the bulls seem to be back. However, a failure below the 3,500pts level could send the market back to 3,440pts, 3,400pts and even 3,355pts.
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.