The global reserve currency fell steadily last week, reaching its lowest level since mid-March on Friday and ending the week below 200-day moving average. Although sentiment in financial markets remains positive, the situation in the real economy is showing no signs of improvement. Among the news was a report from carmaker Nissan, which is considering downsizing by -20 thousand employees due to falling demand for cars worldwide. The regions most affected by the lay-offs are expected to be Europe and emerging markets. This is a good indicator that large businesses no longer have expectations of V-form recovery and are seriously considering downsizing of as much as 15% of all employees in order to reduce fixed costs and avoid unprofitable activities.
Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com.