The Euro is on the back foot during early Friday trading, losing ground to all the safe haven currencies as the mood in the markets drifted towards risk aversion and the focus of investors shifted from the reopening of economies to the escalation in US-China tensions.
After China announced a new stricter security law in Hong Kong, the US responded by threatening to react very strongly against any changes. The reignition of tensions between the two economic powerhouses is bad news for the prospects of a world economy already battered by the coronavirus and is likely to increase the flow towards refuge assets, such as the Japanese Yen and the Swiss Franc.
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.