Stocks were experiencing higher volatility levels this morning as investors digest the latest developments with the trade talks. Despite the positive tone between the two blocs a few weeks ago, the recent shift in negotiations has made stock markets more uncertain than ever. A real “legislative” battle took place overnight when the US House passed a bill demanding sanctions on Chinese officials for the treatment of Uighur Muslims. China responded by accusing the US of interfering in its internal affairs and said it will do whatever it takes to safeguard its sovereignty and security. On the trade front, China also warned President Trump the new round of US tariffs will be countered by retaliatory measures, which would “seriously disrupt” ongoing negotiations.
Despite increased volatility, stocks still lack a clear price direction as traders struggle to forge a real opinion on where these trade talks are going. The Stoxx-50 Index successfully rebounded over the 3,600pts zone and may extend its short-term corrective move up to 3,650pts intraday.
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.