The US Dollar recovered some of the ground recently lost to the Euro during early Wednesday trading. The greenback’s gains resulted from surprisingly strong American manufacturing data and comments by an ECB board member, who expressed concerns over the strength of the currency and the impact it is having on European stocks. A strong Euro, trading above 1.20 to the Dollar, has traditionally been seen as detrimental to exports and therefore to the European stock market, so it is natural that there is strong resistance around this level. However, the current outlook still entails Dollar weakness and today’s dynamic should be no more than a short-term correction.
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.