The Dollar Index continues to decline with the accumulated losses for the week now exceeding 1.1%, while the Euro climbed to $1.16 for the first time since October 2018. Risk-on endures, despite the apprehension generated by the escalation in tensions between China and the USA.
The closure by the American authorities of the Chinese consulate in Houston is seen as an escalation in the latent conflict between the world’s two largest economies, which many analysts believe will invite retaliation from Beijing. However, for the time being, investors appear to be focused on the positivity of the last few days, following the approval of the EU recovery fund, good progress being made in the quest for a COVID vaccine and the latest survey of German consumer confidence that surprised to the upside.
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.