The Euro continues to rise and is currently at $1.11, having recovered from 2-year lows in the immediate aftermath of yesterday’s ECB announcement, when it traded at $1.09. Despite the announcement of a rate cut, the start of a new asset purchase program and fresh bank incentives, the markets appear, for now, unwilling to walk away from the single currency.
The European Central Bank sent out a clear message, that no effort will be spared to create more accommodating conditions for growth and to closer to the target inflation; this appears to have inspired confidence in investors, that better days lie ahead for the continent’s economy. At the same time, positive signs coming from both Washington and Beijing have lightened up market sentiment, leading to greater risk appetite, which is beneficial for the Euro.
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.