The financial markets are in risk aversion mode this morning, following losses across all major stock indices and words of caution from the Federal Reserve, warning about a slower than expected economic recovery. As a result, the Dollar Index has gained almost 0.8% over the last 24 hours with investors once again looking for the safety of the American currency. Seasoned operators have been taken by surprise, as a retail crowd using leveraged products placed big bets on dwindling shares, forcing prices up and generating unexpected losses for large traders that were short selling those same securities. Some hedge funds had to close positions in rising stocks, in order to cover losses, triggering a sentiment of unease and surprise that spread across the markets and resulted in the biggest daily loss of the last three months for the major stock indices.
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.