ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(30 December US) Latest Impact: The Influence of Middle East Conflict on FX
The market will raise a new spook this week – not only we have an economic crisis that led to the deterioration of the Global financing system, but also we have to consider the escalating violence in the Middle East [Gaza]. While the former event caused the commodity market and energy market to deteriorate, the latter event will oblige the deterioration to U-turn hastily as the violence has no time schedule to end soon and Crude Oil should jump over $55/bl.
The dollar to remain fragile till year end vs. CHF as the outrageous erupted violence in the Middle East is shifting sentiments towards buying Gold, Swiss, and probably Crude Oil. Gold will not rule out 1200 in the first quarter of 2009 if violence continues (it is a near term target anyway as per ForexSurvivor analysis).
Politics: Stop that Middle East Wars as violence has never been a ‘solution.’ No party is right anymore and they all fell in a buck that is muddy enough to let everyone around the globe feel creepy. WE DO NOT WANT A NEW 11 SEP…
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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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