Risk aversion remains the prevailing sentiment in the markets, supporting safe havens and penalising risk related assets; this dynamic is well illustrated by the performance of the Euro versus the Swiss Franc. Following the declarations of President Trump yesterday, threatening to pull out of the phase one trade deal with China, the Franc reached 1.05038 versus the single currency, the highest in 5 years.
Apprehension surrounding a potential second wave of the coronavirus was already dampening the spirits of investors, that had nevertheless found reasons to be hopeful in the partial lifting of the lockdown across Europe and America; now these fears are being compounded by Donald Trump’s latest aggressive tirade towards China, with the markets posture indicating that, faced with the worst economic contraction since the second world war, a reignition of trade tensions between the US and China is the last thing the world’s economy needs.
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.