Early Tuesday trading is marked by the agreement reached in Brussels, by the leaders of the 27 countries, for a recovery fund. A hard bout of negotiations concluded with the union agreeing that it will borrow money collectively with the aim of redistributing it between the member states in the form of grants and loans, albeit in a slightly diluted form due to the pressure from the so-called ‘frugal four’ countries. This is seen as a moment of historic importance, without which the future of the single currency and of the union itself could have been at stake. Over the last few days, the Euro gained ground to other major currencies amid the increasing likelihood of a deal being reached. For this reason, the single currency is flat in relation to the Dollar in the aftermath of the summit, as the outcome had already been priced in by the markets.
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.