The dollar is showing signs of weakness during early Tuesday trading, losing ground to other major currencies. Compared to last week, the markets appear less focused on the risk events lying ahead, such as the possibility of violent disturbances during Joe Biden’s inauguration, and are also less concerned that the massive stimulus program proposed by the incoming administration may trigger a change in the Fed’s current dovish stance. So, it seems that after some early January hesitation the dollar is likely to resume the bearish trend that characterized the second half of 2020, as investors, galvanized by hopes of a massive economic rebound later in the year, will once again embrace risk and leave the safe-haven greenback behind.
Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.