European markets traded slightly lower on Tuesday, despite yesterday’s record close on the S&P 500 Index and a bullish Asian trading session overnight amid fresh optimism about the US-China “phase one” deal. This little decline on EU stocks can be explained by profit-taking ahead of both US GDP data and the Fed’s decision on rates tomorrow. This should not lead to a very directional corrective move today as there is no change to the fact investors have seen uncertainty ease over the US-China trade dispute and a shift in monetary policy from central banks.
However, sooner or later investors will have to see a direct positive impact on the real economy to take their risk appetite higher and increase their exposure to stocks. The earning season continues with General Motors, L’Oréal, LDLC and Merck reporting their results today while investors are also eyeing data from Facebook, Apple, Airbus, Exxon Mobil, BP, PetroChina and Credit Suisse later this week.
Photo by Maria Soledad.
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.