I do not want to add to the as one expert calls it, but I do need to review my positions and overall short-term strategy post the Dubai situation. Primarily I want to analyze what immediate impact there could be on the FOREX trading side of things.
It seems like the than the US banks to Dubai World. So, the GBP (British Pound) is taking a hit which means that my are up a bit. However, these are December 2009 options and I need to keep an eye out this week as to how things shape up. I am definitely going to take a big hit on this one, but I do want to salvage something out of the trade.
I do think that another fallout will be in the commodities market. That means the Australian Dollar may be under pressure. I am holding and need to keep a lookout on this. As of now it seems that the bullish Australian economy will prevail and any weakness will be abated at least until the RBA (Reserve Bank of Australia) meets in the near future.The Canadian Dollar may not be affected by the Dubai situation. The CAD is doing well due to the fact that its economy is out of recessio
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