The greenback is under pressure during early Friday trading, with the Dollar Index recording its 5th consecutive day of losses. The general sentiment in the market points to little support expected from this month’s release of employment numbers, which are due to be published later today.
Headwinds are also blowing over the trade front, as reports emerged of growing scepticism among Chinese officials of a phase one trade deal being struck between China and the US during November. It is therefore not surprising to see the dollar pairing losses against the Yen, the Euro and the Pound with investors wary of further downside risks ahead for the greenback.
These fears will materialise should today’s non-farm payrolls deliver a number lower than the already anaemic 89,000 consensus.
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.