Russia,Iran and North Korea

A few random comments on Emerging Markets.....

It looks like the market got what it was anticipating in the form of a revaluation. The RUB this morning is opening 10 KOP stronger (.33% appreciation). Rates have moved abit higher on the back of that. This move in rates I believe will be short lived.

Iran's Supreme leader Ayatollah Ali Khamenei says that Tehran will hit U.S. interests worldwide if attacked. The market has had little reaction to this statement but it one of the few statements being made by the Supreme leader toward the U.S. This comes as tensions are heating up as the U.S. has stated its belief that the insurgents that downed U.S. helicoptors earlier this week were possible backed by Iran.

North Korea

Statement just out:

"North Korea says willing to take measures towards ending nuclear programme"- S Korean source. This statement coming from Reuters news.

Good Luck and Good Forex Trading.

FXTRADINGIDEAS@AOL.COM