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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, EUR/RUB 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.