The Euro sunk to its lowest in 2½ years against the Dollar during the early part of Thursday’s session, following the publication of December eurozone industrial production output data, which came in below expectations and pointed to the sharpest decline in over 10 years.
At the same time China authorities published fresh figures for the number of infected with the coronavirus, using a new methodology which added 15,000 new cases overnight, sending shivers down the spine of investors and changing the mood of the markets to a more risk off stance. Currency traders fear that Europe may see its economic woes amplified by the impact of the coronavirus, whose global spread appears to be increasingly likely.
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.