Many traders expect an increase in volatility this week with several important events in the calendar. The next Federal Reserve meeting is looming this week with Jerome Powell expected to hold rates where they currently are, which should continue to support US growth and give a boost to riskier assets.
The BoE is also expected to decide on rates this week with investors feeling much more uncertain about Mark Carney’s next move, ahead of the UK’s exit from the EU on Friday. This situation is likely to boost trading on UK assets, increasing the chance of directional price action with a new trend taking hold.
Photo by Frederick Tubiermont.
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.