Safe haven currencies continue to lose traction as risk appetite grows, fed by the fizzling out of the latest Iran v US crisis episode. It looks like both sides decided to bury the hatchet of war, following the assassination of a prominent Iranian general and the retaliatory missile attack on American bases in Iraq.
Iran’s reaction appears to have been conducted so as not to lose face, while at the same time causing minimal damage, in order to avoid an American response. This outcome lifted the mood of investors and since the missile attack the Dollar has gained roughly 0.85% against the Japanese Yen, and 0.40% to the Swiss franc, signalling a clear return to a risk-on environment. This is also illustrated by the behaviour of the S&P 500, whose futures hit a new high during early Thursday trading.
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.