Foreign exchange markets are calm this Tuesday morning, with investors looking towards the United States as the deadline for an agreement to be reached on an economic stimulus package between Democrats and Republicans approaches. The maths is simple: failure to agree today will probably mean delaying the deployment of the much-needed aid package until after the November 3 election. With a second wave of the coronavirus advancing in Europe, such a scenario would be likely to penalise risk-related assets like the Euro while increasing the safe haven appeal of the Dollar. The current lack of movement in FX trading may be the calm before the storm, with investors keeping a keen eye on the discussions scheduled for later between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. More volatility should be expected towards the end of the day.
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.