Stock indices had a mixed opening in Europe on Monday, with the German DAX-30 and the French CAC-40 offsetting gains registered in Madrid. Today’s trading mood seems to be slightly uncertain as many investors still wait for fresh global trade news following “constructive discussions” between Washington and China addressing concerns about a “phase one” deal that took place via phone call over the weekend.
The recent rally on stocks was built on speculation an agreement (even an interim deal) would come relatively quickly in November. However, the discussions have progressed slower than expected and traders may slow down their exposure to stocks as they fear a market disruption will become a real risk if no agreement is reached before the next round of tariff hikes on December 15.
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.