The Euro is showing weakness in the aftermath of yesterday’s ECB meeting, currently trading at $1.1050, after losing 0.4% to the US Dollar over the last 24 hours. If some investors harboured hopes that the voices within the ECB advocating for less accommodative policies would be heard, they were surely disappointed after Christine Lagarde delivered her speech.
The president of the ECB made it clear, there will be no change in direction in the near future, reaffirming the need for a highly accommodative monetary policy. The risk for the single currency continues to be very much to the downside.
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.