Despite triggering a bout of risk-off sentiment in the market when he warned of tough times ahead for the economy, and all but ruled out an increase in interest rates until at least 2023, Federal Reserve chairman, Jerome Powell, gave Dollar bulls a boost by not announcing any increases in monetary stimulus. Many investors had braced for the announcement of an increase in the Fed’s asset purchase program, which would have weighed down on the Dollar; as it turned out such predictions failed to materialise, which explains the Dollar gains across the board versus other major currencies during early Thursday trading.
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.
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© 2019 High Leverage FX - All Rights Reserved.