Markets opened little changed in Europe on Tuesday, holding onto yesterday’s gains after the Stoxx-600 Index reached a four-year high. There is no significant retracement or profit-taking from investors today with the risk-on trading stance remains firmly in place.
Investors’ risk appetite is still stimulated by strong corporate earnings, rebounding growth expectations as well as optimism towards a “phase one” deal, especially with President Trump said to be considering dropping tariffs on China that were introduced earlier this year. Even if the trend is clearly bullish on stocks, companies’ valuations may cap the trading euphoria on a very short term prospective, which could trigger a brief period of market corrections.
Photo by Simon Zhu.
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.