In the absence of any significant news or major data, the foreign exchange market appears to be driven by a resurgence in risk appetite that emerged during the early Wednesday session in Asia and is spreading globally, with the DAX hitting an all-time high this morning. The bullish sentiment is driven by a positive earnings season so far, as well as by the reassurance provided by the Chinese authorities in relation to the handling of a virus outbreak, which some believe could potentially trigger a global pandemic.
The optimism on markets is reflected in the weak performance of safe-haven currencies, with the Yen and the Swiss franc both losing ground to the euro, especially the latter, which is down by 0.35% against the single 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.