The Euro started the week on the front foot, reaching 1.1150 against the US dollar, after good news on the trade front. US trade representative Robert Lighthizer stated on Sunday that a phase one deal between the US and China is ‘totally done’, triggering a wave of positive sentiment. The euro in particular benefited, as the European economy has been one of the main victims of the trade tensions.
However, the euro’s rally was short lived as markets are wary of last-minute interventions by President Trump. Therefore, many investors appeared to have cashed in on the early gains and this has capped the single currency’s gains.
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.