After a general improvement in market sentiment, following positive signs from Washington hinting at an imminent agreement between Democrats and Republicans on a much-needed US COVID relief package, as well as positive PMI data from China illustrating an ongoing economic recovery, the Euro gained some ground versus the Dollar during early Thursday trading. It is interesting to note that the single currency’s gains relative to the greenback are occurring despite words of caution from the head of the ECB, Christine Lagarde, mentioning on Wednesday the possibility of greater flexibility towards inflation and the release on Thursday morning of slightly disappointing PMI data for Italy and Germany, a sign perhaps of Dollar weakness being, for the moment, the leading narrative behind the pair’s dynamic.
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.