This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Emerging market (EM) currencies have been particularly volatile in 2018 due to the rise of the dollar, which has increased the cost of dollar-denominated debt and contributed to crises in Argentina, Turkey and Venezuela. These effects could soon spread to other EM currencies such as those used by Chile, Poland and Hungary, which all have a large amount of US debt. Meanwhile the future looks uncertain for the Chinese renminbi and Russian ruble, which are at risk from the effects of US President Donald Trump’s ‘trade war’ and international sanctions respectively.
With so much potential for volatility, we’ll be taking a look at what the next 12 months could hold for key emerging market currencies and pairs, including USD/CNH, SP_EURRUB and USD/TRY. You can watch the live stream at 6.30pm (UK time) on Thursday 1 November via the trading platform, or our YouTube, Facebook and Twitter pages.
About the experts
Paul Bratby is a self-employed trader who specialises in Elliott wave analysis. As well as trading via his personal account, he runs My Trading Buddy (MTB) and Wave5trade (W5T), which provide a wealth of trading tools and information about the forex markets.
Raj Dhall is a market analyst who focuses on the influence of macroeconomic and political events on financial markets. His content has appeared on TradingView, FXDaily, the Society of Technical Analysts, London South East, Interactive Investor and Zero Hedge.
What will we talk about?
The discussion will focus on a broad range of topics related to emerging market currencies, including:
- The EM currencies to watch over the next 12 months
- How the dollar’s valuation will affect EM currencies
- The effects of changing commodity prices
- How the value of the US dollar, Chinese renminbi and Russian ruble will change
There will be a live Q&A during the session, so you can put forward any topics you’d like Paul and Raj to discuss, or any questions you want answered. Post your questions to the #IGForexChat Community page, or use #IGForexChat on Twitter or Facebook to get involved.
.jpg)
