Russia can affect emerging markets which it may be forced to trade with,
such as India, China, and Brazil. Russian oil could help a growing Chinese economy and decrease Russia’s dependence on European customers. In a complex environment a static forecast is not possible, but it is clear any instability or even the perception of instability close to Europe will be negative for the Euro. Elite E Services believes the next bubble to pop will be the Euro bubble.
Long term, this is a buying opportunity for hard commodities such as Wheat, Swiss Francs, Oil, and Gold. Whatever happens in this war, the supply side in the Oil market is controlled by unfriendly countries such as Venezuela and Iran. If Russia is now added to the list of unfriendly countries, we can expect Oil to increase long term, as Russia will use this as a bargaining chip in any negotiations.
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6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
Monday, January 5, 2009
Russia emerging market
Labels: Chinese economy, Euro, forexgen, Russian oil
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