The Euro is on the back-foot against other major currencies, noticeably the US Dollar, trading around the $1.11 level on Thursday morning. The perfect storm of risk constraining events (lingering trade tensions, weak Chinese and German data, inversion in the yield curve of 2 and 10-year treasuries to mention but a few) demonstrated that the market confidence in the single currency is at low levels.
Typically, in such extraordinary circumstances, the Euro would be expected to assume the role of safe haven. However, this hasn’t been the case, indicating the markets unwillingness to seek refuge in the single currency, clearly preferring the Swiss Franc and the Yen.
Photo by Etham Rheams.
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.