Shares edged higher in Europe on Tuesday following a mixed trading session in Asia as the “risk-off” mood lost momentum. Investors who took part in yesterday’s sell-off and who sold risky assets at almost any price, without asking questions, are now tempering their trading stance despite both the death toll and the number of infected people in China growing. Traders are aware of the fact that the spread of the deadly coronavirus and its possible impact on growth wasn’t the only driver for markets this week.
Photo by Julian O Hayon.
Today, investors’ focus is likely to be fixed on US Durable Goods Orders for December, the US CB Consumer Confidence for January as well as earnings from Apple, United Technologies and Lockheed Martin where solid data could give tech shares a solid boost. However, despite possible good news to come on this side, the risk appetite is also likely to be kept down as long as there is no significant improvement in the struggle against Chinese coronavirus.
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.