Thursday’s session began under the spell of risk-on, following yesterday’s inauguration of the 46th President of the United States. Joe Biden’s presidency promises the deployment of a massive fiscal stimulus package as well as greater harmony between the Treasury and the Fed, with the central bank’s monetary policy likely to remain dovish for the foreseeable future in order to help create the necessary conditions for a post-pandemic rebound in economic activity. As expected, the dollar is on the backfoot in relation to other major currencies. Meanwhile, amongst other currencies the pound is emerging as the standout winner of the current surge in risk appetite, reaching its highest for 2½ years during early Thursday trading. Freed from the shackles of Brexit, sterling’s performance now appears mainly driven by risk, with its performance shadowing that of other risk-related assets, in patterns that resemble those of the major stock indices.
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.