From a market standpoint, the main risk posed by the US presidential election is a narrow win for one of the candidates ending up being contested, generating uncertainty and social unrest and further contributing to the degradation of an economy already battered by the coronavirus. This in turn would create the need for more Fed dovishness that would continue to weigh down on the Dollar.
Interestingly, the greenback recorded some gains versus other major currencies after a bitter debate between the two presidential candidates failed to deliver a clear winner. Such an outcome may be good news for Joe Biden, with his 8 points lead in the polls. A clear victory by one of the contenders on November 3rd would be the best possible outcome for the American currency.
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.