Share markets edged higher on Tuesday despite an Asian session closing on a mixed tone overnight. While lockdowns and increasing infection, numbers continue to weigh on market sentiment, investors’ risk appetite is sustained by stimulus prospects, especially in Europe where a €750bn package is being studied. This market “status quo” is likely to stay in place until the current massive vaccination process has brought the infection rate down. Meanwhile investors are likely to keep their focus on macro data and corporate results with today’s Q4 earnings from Netflix, Bank of America, and Goldman Sachs in sight.
The Stoxx-50 Index successfully rebounded over the lower band of its flag and now flirts with 3,600pts. A break-out of this level would open the door to a fall to 3,575pts while a clearing of the zone at 3,625pts would open up the possibility of an extended rally to around 3,645-3,650pts.
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.