Stocks in Europe continue to trade higher for the second trading session of the week. The risk-on mood persists despite the latest tariff threat from President Trump to Xi Jinping. Washington is looking forward to the next G-20 meeting in Japan to continue trade talks with China, and so do investors. It seems that markets currently price a fair trade resolution between the two blocs, despite the fact that no significant progress has been registered yet and more difficult negotiations remain to be done . Market conditions on stocks and safer assets are likely to get increasingly volatile closer to the Osaka summit as declarations from both governments could have a serious impact on prices.
Photo by Madison Kaminski.
In addition to the US-China trade dispute, investors are awaiting the key US inflation report – the Consumer Price Index, due on Wednesday – to adjust their exposure to stocks. Meanwhile, the Stoxx-50 index is trading toward a 3-week high at 3,400 pts while the next targets can be found towards 3,415-3,420 pts and then 3,440 pts by extension.
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.