Uncertainty reigns on risky assets in the middle of the week as investors around the world are now torn between contrasting drivers. On the one hand traders know that the peak of the virus is likely to have passed and the end of the crisis may be in sight, paving the way for rising demand in all sectors. Meanwhile investors also welcomed the fact President Trump is said to be thinking of another batch of relief measures, including rate cuts and a variety of deductions to help businesses, workers and investors. However, on the other end traders’ concerns are growing about the relationship between the US and China after Washington questioned Beijing’s behaviour about the origin of the global pandemic. A renewed trade war between the two blocs would smash market sentiment before the summer period and would be devastating for businesses, especially if there was a second wave of the virus.
European markets have continued their slide so far and the CAC-40 from Paris is one of the eurozone’s worst performers. The market is trading just below its 21-day moving average but above its very short-term support zone at 4,430pts where a break-out could quickly lead prices back to 4,355pts.
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).
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.