The DAX-30 index is currently registering one of the best performers in the Eurozone after prices reached 13,270pts this morning, its highest point since January 2018. The benchmark is being driven higher thanks to positive earnings from Siemens. Europe’s biggest engineering company issued a warning regarding an expected slowdown in manufacturing that could lead to decline in factory equipment for 2020. However, investors preferred to focus on the company’s adjusted earnings totalising EUR 2.64bln which was 12% higher than market expectations.
Photo by Anthony Tedja.
Elsewhere, Adidas is still benefitting from yesterday’s solid 3Q report when the company surprised analysts by publishing a net profit of EUR646M beating the EUR635M consensus forecast. For now, the DAX-30 index is challenging the upper bound of its bullish channel towards 13,275pts.
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.