Going forward market
gurus reckoned that any positive outcome (ie Pakistan manages to avoid blacklisting) from the ongoing FATF's plenary session could extend the relief rally witnessed in the last two trading sessions.
1998 -- Forward market
trades commence in Kuwait Stock Exchange, making it the first in the Middle East to deal in such operations.
It fell to a 17-year low of 0.38261 against the dollar in the spot market as hedge funds sold the currency in the forward market
because of concern about the country's rising public debt
The risk of fund outflows from the region has helped to push the currencies of Gulf Arab countries down slightly against the US dollar in the forward market
In forward market
on Tuesday, premium for dollar declined further on persistent receivings from exporters.
For the 2016 Capacity Trading Report, Skipping Stone also analyzed the trend toward forward market
trading in capacity.
SAMA said it was issuing the statement "in response to what has been mentioned in some media about the riyal exchange rate policy." SAMA added: "Speculation that occurs from time to time about the riyal in the forward market
Financial markets feel that weaknesses and relative vulnerabilities of GCC economies today need to be reflected in price performance, and since the market cannot express this weakness in the spot market, it has taken it to the currency forward market
to try to express these vulnerabilities.
Al-Mubarak said in a statement today, ''We have observed recently volatility in the USD/SAR forward market
due to the mispricing linked to market operators' misperception about the Kingdom of Saudi Arabia's overall economic backdrop.
Media, the company behind TeamTix, said it is opening a forward market
that ensures individuals they will get to the stadium on game day in an unforgettable way if their team qualifies for the first-ever College Football Playoff games.
M2 EQUITYBITES-October 17, 2014-FMM opens forward market
for College Football Playoff games