Share markets continued to edge higher after Wednesday’s European opening bell as market sentiment continues to soar on vaccine hopes. Sector-based rotation is still going on with investors fleeing tech shares to increase their exposure to assets more linked to economic growth such as the industrial sector for example.
Even if market optimism remains globally high, some investors already think this week’s price moves on both safe havens and riskier assets were too sharp. In fact, lingering uncertainties about the next stimulus packages and the delay of implementation of a public vaccine campaign has seen some investors bet on an upcoming correction. This would make sense for a technical perspective following the 9-day winning streak for the Stoxx-50 Index.
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.