News, Rumors and Opinions Saturday Morning 8-20-2022
KTFA:
Samson: The Arab Monetary Fund Issues A Study Entitled "Analysis Of Symmetric And Asymmetric Information In The Structure Of Fluctuation In Real Exchange Rates"
20th August, 2022
The results of the symmetry analysis showed that symmetric information has an equivalent effect on the returns on real exchange rates in most Arab countries.
The results of the information asymmetry study showed that positive news has statistically significant effects on exchange rate returns compared to negative news.
The study provides basic information for policy makers to take decisions that contribute to strengthening the exchange markets in the Arab countries.
Understanding the structure of fluctuations in foreign exchange rates is fundamental to assessing the risk of investing in the exchange rate (forex) market. Therefore, the study aims to analyze the symmetric and asymmetric information in the structure of exchange rate fluctuations in the Arab countries.
The study applied the (EGARCH) model to analyze the volatility structure of the selected currencies using the daily data of the rate of return on real exchange rates during the period from January 3, 2017 to June 2, 2022, including the Saudi riyal, the Kuwaiti dinar, the Bahraini dinar, the Egyptian pound, the Algerian dinar, the Tunisian dinar, the Moroccan dirham.
The results of the analysis of symmetric information indicate that the returns of the real exchange rate markets under study are affected by the information of a symmetric nature, and that the memory of exchange rate fluctuations is more affected by the previous information, and it persists for some time, except for the Kuwaiti exchange rate which shows better stability.
On the other hand, the results of the analysis of asymmetric information indicate that real exchange rate returns in Saudi Arabia, Egypt and Algeria are significantly affected by information of asymmetric nature, and that exchange rate returns are significantly affected by positive news more than negative news.
However, neither positive nor negative information or news had any statistically significant effect on the returns of the real exchange rate markets in Kuwait, Bahrain, Tunisia and Morocco. Also, the exchange rate markets of Kuwait, Bahrain, Tunisia and Morocco are not subject to the effects of asymmetric information.
The results of the study provide important information for policy makers and investors in the exchange rate (forex) markets in the Arab region to take decisions that enhance the stability of the exchange markets in the Arab countries. LINK
The full version of the study is available at the link
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Courtesy of Dinar Guru
Bruce [vis WiserNow] ...one of our sources told us that we would be seeing some major activity and sort of an awesome almost like a revelation of things happening in the next few days...very possible that we get this thing started now through the weekend... we are very very close.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The dollar on the street is falling...since the Finance Minister resigned. FRANK: And that is the plan of Kazemi and the governor of the Central Bank of Iraq...by cleaning out the infection that Maliki has been...your currency is gaining strength and the American dollar is falling. It's not being manipulated anymore...
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X22 Report:
Blockchain is a Threat to the Central Bank System, their Agenda will Fail
Published August 19, 2022
Europe is in trouble, their policies to push their people into the great reset and the green new deal is backfiring, winter is coming. People with EV are not happy. The decentralized blockchain is a threat to the [CB], they will try anything to keep people away from it.
(Alert!) The MMRI Flashes A WARNING... The Debt Market Is Becoming UNSTABLE.
Greg Mannarino: 8-19-2022