The Japanese Yen and the Swiss Franc are finding support during early Monday trading, as investors, spooked by the sudden escalation in the number of new coronavirus cases outside of China, seek refuge in safe-haven assets. Virus related developments, specially the major outbreaks in South Korea, Iran and Italy, seem to point at much higher chances of a global pandemic than previously assumed, with the potential to seriously hinder global economic growth. The switch to a more pronounced risk-off stance in the markets, observed at the end of next week, is gaining traction, representing up-side risk for the Yen and the Franc, the two main global refuge asset currencies.
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.