MarketsNow - Comments
Market commentary with a focus on forex and commodities
Contributor's Links: MarketsNow
MarketsNow was founded to provide a high quality, yet easy-to-use, source for financial market analysis. While there is no shortage of media companies that cover financial news in general, few can explain how developments in financial markets are relevant for the things that people care about. ...more
Latest Comments
Saudi Power Struggle Strengthens Crude, And The USD
7 years ago

You guys have given me a great idea for a future article. Thanks! The stories are a bit too long to share as a comment, so expect something from me next week (I need to get permissions first).

In this article: UUP, OIL, XLE
Saudi Power Struggle Strengthens Crude, And The USD
7 years ago

While SAMA (Saudi central bank) claims that foreign currency transfers continue 'as usual', implementing capital controls is a real possibility. Usually, central banks will only consider publicly announcing capital controls as a final step given the effect they have on confidence. In practice, they are likely to make outbound transfers much more difficult by enacting additional paperwork or purposelessly slowing down the process (similar to China). Having moved from Hong Kong to Switzerland earlier this year, I've heard quite a few interesting stories about getting money out of China!

In this article: UUP, OIL, XLE
1 to 2 of 2 comments