Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
A Rare Occurrence In The Saudi Currency Market Tells You That Trouble Is Brewing In The Middle East
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 24683256:MV8yMDA3NzIwXzMzNzM3NzgwX0Q5RkNCQ0NC] [quote:stormer:MV8yMDA3NzIwXzMzNzM3Mzk3XzU5OEFCMEY1] Prophecy says all muslim nations will be united by the muslim mahdi under the one flag of islam,the muslim brotherhood is the perfect vehicle to attain this state,these pre-ordained events are starting to take place in north africa and the middle east,soon the muslim brotherhood will become too large a steamroller to stop,and islam united under one leader will topple all of the middle east,north africa and even europe.Watch as prophecy unfolds,interesting times indeed. :hiding: [/quote] They may unite under one flag of islam but the only thing they'll achieve is getting their collective asses kicked ! [/quote]
An important shift is developing in Saudi Arabian currency derivatives markets as Iran becomes engulfed in populist protests amid hyperinflationary pressures and armed conflict breaks out between Turkey and Syria, heightening concerns about tensions in the Middle East.
The 12-month forward rate on the Saudi Arabian riyal – or the difference between how many riyals traders think a dollar will be able to buy a year from now versus how many riyals a dollar can buy today – has been hovering just above zero for the past two weeks.
In other words, as pointed out by BNP's Bartosz Pawlowski, traders are expecting the riyal to depreciate against the dollar.
And that is something that almost never happens – unless markets are getting really worried about Saudi Arabia, one of the most stable countries in the region.
link to www.businessinsider.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2017 Godlikeproductions.com
Page generated in 0.005s (5 queries)