4 Sep 2013
Flash: Syrian situation fully capable of driving markets still – Deutsche Bank
FXstreet.com (Lisbon) - There are a number of crucial events to watch for this week in relation to Syria, all of which are fully capable of driving FX markets, notes Deutsche Bank geopolitical analyst Frank Kelly.
Key quotes
“Firstly, while Congress does not officially return from summer recess until September 9th, members of Congress are cutting short their holiday and returning to Washington this week, which will mean we will be probably get a massive up-tick of members giving their views publicly.”
The French Parliament holds an emergency session on Syria today – recall that the UK and France have been the key diplomatic supporters of the White House’s plan in Syria. Frank also notes that the G20 summit in St Petersburg starting on Thursday may see public sparks between Obama and Putin.
In terms of whether Congress will approve the resolution next week, Frank thinks the Senate will pass the resolution with a slim majority but the House vote is now a coin-toss.
Key quotes
“Firstly, while Congress does not officially return from summer recess until September 9th, members of Congress are cutting short their holiday and returning to Washington this week, which will mean we will be probably get a massive up-tick of members giving their views publicly.”
The French Parliament holds an emergency session on Syria today – recall that the UK and France have been the key diplomatic supporters of the White House’s plan in Syria. Frank also notes that the G20 summit in St Petersburg starting on Thursday may see public sparks between Obama and Putin.
In terms of whether Congress will approve the resolution next week, Frank thinks the Senate will pass the resolution with a slim majority but the House vote is now a coin-toss.