Despite the signing of a ‘Phase One’ trade deal between the US and China, which was supposed to reassure the markets and drive risk-on sentiment, trading has been somehow subdued without significant movement in the major currency pairs. This probably means that the impact of this event had already been baked into the forex markets in the build-up.
A currency pair that has certainly been interesting to follow during the last 24 hours is the Ruble against the US Dollar, with the Russian currency losing the best part of 0.5%, following the resignation of prime minister Medvedev. The unfolding of this political crisis will be followed by investors, as it could potentially disrupt President Putin’s long-term economic plans for the country.
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.