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Message Subject A Rare Occurrence In The Saudi Currency Market Tells You That Trouble Is Brewing In The Middle East
Poster Handle Anonymous Coward
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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]
 Quoting: Anonymous Coward 1211168

Yes Russia stopped supplying MOX fuel and Titanium and Bauxite to USA. USA is being sanctioned aswell.

Middle East is in for some house cleaning. NATO are the pest.
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