Lets see the effect of Egypt in charts.
First Egypt index. There is 20% staright fall in just 1 week.
Now the commodities. CRB Index broke out and is now at 52 Week highs.
Most important if we look at what are major commodities Egypt trades, there are two main: Oil export and Wheat import.
Oil everyone knows so here is the chart of wheat. This particular commodity is up because whole of middle east imports it and the last thing they would want is food riots.
First Egypt index. There is 20% staright fall in just 1 week.
Now the commodities. CRB Index broke out and is now at 52 Week highs.
Oil everyone knows so here is the chart of wheat. This particular commodity is up because whole of middle east imports it and the last thing they would want is food riots.
oops. looks like a huge political risk playing out, hammering markets!
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