Goldilocks’ Comments and Global Economic News Tuesday Evening 10-17-23

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Goldilocks’ Comments and Global Economic News Tuesday Evening 10-17-23

Good evening,

“While broader FX options have seen their prices rise to reflect the risk of the Middle East conflict escalating, there has been a particular focus on the two-month expiry date, which includes key central bank policy announcements in December.”

Forex options traders are eyeing December 14th as the next trade opportunity. This is when their options trades are coming due.

Options trading allows you to buy a currency at a present rate with the option to redeem it later in the event a currency holding rises.

The war in the Middle East is beginning to create price distortions and volatile prices due to fluctuations in economic conditions.

Protection tools are already being talked about in case the currency does devalue. If prices go to a higher value and stays, options traders will be redeeming their currency for a profit.

If new circumstances such as the rebuilding of an economy create the need for a rise in the values of currencies because of this war, a repricing event for currencies will commence.

© Goldilocks
NASDAQ Link
https://tmsnrt.rs/498k23l

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Countries involved in the Middle Eastern conflict at the present time either directly or indirectly will be affected.

Trade relationships still continue during a war. When a country changes its exchange rate due to a war, it will affect the trade relationships of the imports and exports shared between countries.

Remember, 80% of exchange rates happen on the water through shipping port contracts and the new digital payment systems influencing these rates.

Watch the water.

© Goldilocks

https://www.hapag-lloyd.com/en/home.html

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SINGAPORE, Oct 17 (Reuters) – The U.S. dollar swayed in a tight range on Tuesday as traders took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.

The yen was pinned close to the key 150 per dollar level, keeping investors on edge for any signs of intervention by the Japanese authorities.

https://finance.yahoo.com/news/forex-dollar-drifts-investors-eye-060531178.html

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Monetary Policy and Central Banking
https://www.imf.org/en/About/Factsheets/Sheets/2023/monetary-policy-and-central-banking

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Foreign Exchange Options – What are FX Options?
https://www.tradefinanceglobal.com/currency/foreign-exchange-options/

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Singapore, Shanghai asset management associations ink landmark MOU for cross-border cooperation 

BusinessNewsAsia Link

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Jurisdictional Boundaries Between CFTC Swaps and SEC Security-Based Swaps Clarified

Cabinet News & Views

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In a bid to reduce reliance on the US dollar and minimize external influences, Russian President Vladimir Putin has called on members of the Commonwealth of Independent States (CIS) to enhance the use of their national currencies in trade. The move is seen as part of a broader trend among developing countries to seek alternatives to the dominant US dollar in international trade.
BNN Network Link

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End of Free Money Plunges German Construction Industry into Crisis 

Wolf Street Link

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Lyn Alden: The Economy Is Trapped In A Vicious Cycle Of More Debt & Bigger Deficits

👆 @ Goldilocks

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The S&P 500 is in a historic bubble and could crash by 63%, markets guru John Hussman 

Business Insider

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Taiwanese bank ends US bank deal, citing market conditions

Banking Dive


👆 @ Goldilocks

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ALERT! Silver Price Readies for Moonshot as BofA’s Unrealized Losses EXPLODE HIGHER!! 

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JUST IN: 🇺🇸 President Biden to ask Congress for $100 billion in funding for Ukraine and Israel, Bloomberg reports.

@WatcherGuru

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Govt to revisit using gold dinar as reserve currency – PM

New Straits Times

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Zimbabwe has been given the green light from the Financial Sector Stability Review (FSSR) of the IMF to implement Basel 2&3 Capital requirements inside their banking system.

© Goldilocks

IMF Link

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Why Gold’s Price is About to Explode! 🔥

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