Mario Draghi spoke yesterday at the end of the ECB’s policy committee meeting and the Euro recovered some of the losses recorded during previous sessions, when it had hit 26 months’ lows. Mr Draghi issued forward guidance that, as the markets expected, pointed to a new easing cycle starting in September. But those that expected an immediate rate cut or a more pessimistic tone were disappointed.
The President of the ECB was surprisingly upbeat on the prospects for the Euro zone economy, presenting the case for a moderate slow-down, rather than the gloomier scenario predicted by some. Despite the acknowledgement of some headwinds, Mr Draghi’s moderate optimism offered the Euro the support it had failed to find in the run-up to the ECB’s meeting.
Photo by Christian Dubovan.
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.