Shares drifted lower in Europe for the last trading session of the week, as bullish directionality fades due to low volumes and rising uncertainty. Even if today’s positive data from China reassured investors that the recovery remains on course there, most market operators betting on further fiscal stimulus measures in August feel disappointed by the lack of an agreement between the Republicans and Democrats in the US.
In the meantime, traders and analysts are patiently waiting for new discussions between the US and China as these talks could lead to sharp price action on risk assets, depending on the tone and potential outcome of these negotiations. Having said that, today’s trading stance is likely to be “wait and see” even if US Retail Sales data for July may bring increased volatility at the end of the European trading session and ahead of the weekend.
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.