European futures contracts point to a firmer open on Thursday following another positive trading session in Asia where most shares edged higher as bullish sentiment continues. Even if Republicans and Democrats in the US have not yet reached a deal on another multi-trillion-dollar recovery plan, investors seem to be pricing it in the market. Most market operators believe both the Fed and the US Government will keep on doing whatever it takes to protect the developing economic recovery, and this should remain an important bullish driver for stocks in the near-term. Stock prices are now getting closer and closer to their pre-pandemic levels and investors keep on buying in one of the most expensive stock markets of all time.
In addition, improvements on the virus front from some hard-hit areas, especially in the US, continue to boost risk appetite on a very short-term basis. Meanwhile in Europe, the UK has entered recession for the first time in 11 years which has put pressure on the sterling but also boosted appetite for the large exporting groups listed on the FTSE-100 Index.
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.