The trading climate lacked clarity on Friday with European shares trading sideways following a trendless Asian session. This rising uncertainty came from two principle sources as traders weighed up how long-lasting the easing of tensions between Iran and the US will last while China raised concerns on the pace of progress on their trade deal with the US.
As a result, future price movements have become harder and harder for traders to predict at the end of the first full trading week of 2020. Investors may prefer to limit their exposure while awaiting more clues on where the global economy is headed. It is likely that some sort of response to this question will be given by today’s NFP release, which could trigger another move from the US Federal Reserve.
Photo by Aditya Vyas.
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.