The assassination of writer
Jamal Khashoggi was not just a political event, but it would have a
major impact on global markets and trading sharply during the rest of
the year. The effects will be felt by the US and many European
assets, and will have a big impact on gold holdings during the coming
period, We have projections that we have made in the next report and
analysis
We have some expectations
for the remainder of the year. The assassination of Jamal Khashoggi
will have a great impact on the trading pattern, opportunities and
movement of indicators and financial assets during the coming period
and until the end of the year.
If the Saudi Crown Prince is
convicted or US sanctions are imposed on Saudi Arabia, America will
lose a number of jobs and the unemployment rate will be clearly
affected, especially average hourly wages and unskilled labor
positions
The chances of the survival
of the US President for a second term will be negatively affected,
this will lead to declines in the prices of US indices and risk
aversion, and this will put pressure on the US indices
However, gold prices will
rise sharply in a short period while the US dollar will fall
significantly
The Japanese yen will also
be affected, especially as Saudi Arabia has significant investment
stakes in Japanese financial institutions
Europe seems to be the least
influential, the weapon it exports to Saudi Arabia is nothing
compared to what Saudi Arabia imports from the United States of
America, it might be useful for Europe to see the Saudi Crown Prince
out of power
We expect average prices
until the end of 2018 as follows
EUR USD 1.2000
GBP USD 1.4000
Gold 1370
In summarizing what we have
seen, we will see a decline in US and US dollar indices, increased
demand for gold, pound sterling and euro, strength for the Canadian
dollar and Australian dollar
0 Comments