Stock markets traded higher from Tokyo to Milan on Monday amid global reflation and vaccine roll-out. Investors’ risk appetite was on the rise at this morning’s market open amid reassuring data on the virus front with infection rates losing momentum in several hotspots (like the US and Europe). Moreover, most investors are also reassured by the likelihood of a global economic response, with governments planning for more fiscal and monetary stimulus to get their economies back to their long-term trend and erase the negative impact of the pandemic. This positive trend is likely to continue this week, as risk aversion keeps on decreasing, even if volatility spikes brought by macro data and corporate results may still impact prices in the very short-term.
The best performance comes from Milan this morning after the FTSE-MIB Index opened above the 23,300 level, challenging the upper band of its mid-term bullish channel, with prices boosted by Mario Draghi’s plans for a new Italian Government.
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.