Quote:
|
Originally Posted by Habib
Thinking long term, I think Asia is beginning to emerge as the new all-powerful center of the econo-commercial world, not that I like that idea. I like the big apple as it is.
|
Probably VERY TRUE
But regarding Forex & cable, the question is
trading, and is
not about vying for World dominance.
Look more closely at where the Capital of the "Anglo-saxon" influence will be,
if political clout shifts from Washington. If for some obscure cause this should happen. There will simply be no where for "English speaking" cultures to capital at, except London. The current NY session would shift in volume to become the London session. And because of this, the current London session would then overtake the Tokyo one in volume.
This is the simple trading relationship based mainly on language & clutural prefrence that I am pointing at. And is the underlying strenght
behind cable.
The British empire may have folded half a century back, but the London exchange has always remaind viable because of vested American intrest in it.
And in future, could reverbrate in waves of such viability, should there be an influx of American intrests, due to geo-political changes in the States, or even due to "English speaking companies" wishing to hedge in veiw of a threat of one.
Anglo-American intrests have always been pegged, since WW2. And the potential to "unload" part of- or in case of an adverse effect- All of the Greatest economy in the World, into its political affiliate is certinary enough to strongly uphold the affiliate's currency world wide.