The forex market is hesitating between maintaining the risk-on stance that prevailed from late May and into the start of June, or fully embracing the more cautious approach that crept in at the end of last week. The Euro lost more than 1% to the Dollar during Thursday and Friday, as a resurgence of new infections in previously cleared regions caused investors to start worrying about the possibility of a second wave of the pandemic. The Euro is specially exposed to a potential loss of investors’ faith in a quick economic recovery, with the currency associated with risk. The next few sessions are likely to clarify which state of mind prevails in the markets; optimism is likely to support the single currency, while renewed pessimism could take it back to the lows of mid-March.
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.