The Euro continues to weaken in relation to its peers during early Thursday trading as investors position themselves ahead of today’s European Central Bank meeting. The coronavirus is once again dominating headlines with the second wave of the pandemic advancing across Europe, forcing Germany and France – the continent’s two largest economies – to announce new national lockdowns. Taking into account the likely negative impact these winter lockdowns will have in an already weakened eurozone economy, many in the markets believe that later today the ECB will announce additional stimulus measures and increase the cautious emphasis of its forward guidance. Should such predictions materialise, we can expect further short-term single currency weakness.
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.