26 Mar 2015
FX and oil react to Saudi Arabia’s action on Yemen – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Desk, notes that with Saudi Arabia and allies striking Houthi fighters in Yemen, the safe haven JPY might experience high volatility ahead.
Key Quotes
“Expect high volatility in
USDCAD - Governor Poloz Speech
USDJPY - Saudi Arabia strikes in Yemen”
“Saudi Arabia and its Gulf Arab allies launched air strikes against Houthi fighters in Yemen. The 10-country coalition started its campaign in an effort to loosen the Houthis’ grip on Aden, the southern port city where President Abd Rabbuh Hadi had taken refuge. The move potentially sets up a confrontation between Sunni-majority Arab countries and Shia Iran, which they accuse of interfering in the Arab world through its support of groups such as the Houthi, followers of the Zaydi Shia sect.”
“The markets have reacted, with Brent crude prices rising by more than a dollar in early Asian trading.”
“This has coincided with a U.S. equity sell-off, with markets perhaps becoming spooked by their inability to make continued significant gains.”
Key Quotes
“Expect high volatility in
USDCAD - Governor Poloz Speech
USDJPY - Saudi Arabia strikes in Yemen”
“Saudi Arabia and its Gulf Arab allies launched air strikes against Houthi fighters in Yemen. The 10-country coalition started its campaign in an effort to loosen the Houthis’ grip on Aden, the southern port city where President Abd Rabbuh Hadi had taken refuge. The move potentially sets up a confrontation between Sunni-majority Arab countries and Shia Iran, which they accuse of interfering in the Arab world through its support of groups such as the Houthi, followers of the Zaydi Shia sect.”
“The markets have reacted, with Brent crude prices rising by more than a dollar in early Asian trading.”
“This has coincided with a U.S. equity sell-off, with markets perhaps becoming spooked by their inability to make continued significant gains.”