Stocks edged higher on Friday in Europe as a fresh boost was given to market sentiment following encouraging macro data. In addition to the reassuring key manufacturing data, investors also welcomed the last batch of positive earnings from carmakers as well as the banking sector, both respectively boosted by Daimler AG and Barclays PLC.
On the other side of the Atlantic, US House of Representative speaker Nancy Pelosi kept driving stock prices higher by suggesting the stimulus deal was getting closer and would likely be reached before the presidential election. The last presidential debate on Thursday brought a very different tone in the exchange between the two candidates, than from the previous exchange. Polls from CNN suggest Biden prevailed in this debate as the candidate could lay down policies regarding Coronavirus, immigration, and international relationships. Earnings reports continue to be central in investors’ minds this week, and many will eagerly await results from American Express in the US later today, as well as data from Renault, Air Liquide, Faurecia, Klepierre, Nanobiotix and other European companies.
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.