Jeff

  In Jeff

Remember on Monday I told you they were going to extend the ISX for one more week. That was my opinion. Here’s your confirmation, Article:  “Trading activity continues to be suspended until Saturday, April 25, 2020…” I also told you IMO that when the ISX gets turned back on I felt that’s when the rate would change…for Iraq they can only change the rate on a Sunday.  That’s exactly what Kuwait did – March 24, 1991. The reason why is Sunday is their first business day of their week…THEIR Sunday morning when all markets are closed to minimize and control market impact and volatility.