One of the leading narratives in the foreign exchange markets is fear, amid concern that the virus causing panic in the Chinese city of Wuhan may have the potential to generate a global pandemic of yet unknown proportions. As headlines around the world focus on the prohibition of traveling for Wuhan residents, the Japanese Yen, the ultimate safe-haven currency, continues to gain ground against the Euro and the Dollar, rising more than 0.6% over the last three sessions (see attached chart).
The World Health Organisation will decide later today whether to declare a global health emergency. Should that be the case there will be more upside risk for refuge assets and further yen gains should be expected.
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.