Euro trading has been subdued so far on Friday, with the single currency almost flat to the Dollar, as investors await the publication of Eurozone GDP data later today. Just like in previous sessions, risk aversion is dominating market sentiment. Investors are concerned about the impact the second wave of the pandemic and the winter lockdowns will have on economies already battered by the first wave. Even US GDP numbers published yesterday, showing economic activity had rebounded by 33.1% during Q3 failed to generate enthusiasm in the markets. Demand remained high for safe haven assets like the Dollar, as the jump in last quarter’s GDP didn’t mask the fact that compared with the same period in 2019 the American economy actually shrunk by almost 3%.
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.