I read an article @ Bloomberg yesterday...dangerous if you don't know-- There's new regulations in the US that are going to begin something like Oct 15. BILLIONS of dollars are being moved FROM safe places they had it invested...ALL THAT MONEY is now looking to me moved somewhere new that is safe. I'm thinkin that it could have a serious effect on te TWO "Yield-providers".. and that would be Aussie and Kiwi. I need to go re-read that. Be back later with some new more informed thots. RJ
jwinter13
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Nice info man. Keep me posted. Thanks!!
RrrussT1
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So far I haven't the tax regulation story. But, I did find this, set to expire Thursday Sept 15 @ 7am. Could explain WHY?? Aussie is @ .7500 - .7530? ** AUDUSD: 0.7388 (AUD 238m) 0.7500 (915m) 0.7530 (250m) 0.7600 (593m) 0.7676 (463m) Still lookin' for other...
RrrussT1
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Wow.. check the USD/YEN "bet-size" for yesterday morning. Wow, forexlive dot com .. USDJPY: 100.00-05 (1.45bln) 101.00 (565m) 101.20 (489m) 102.00 (1.1bln) 102.20-25 (1.55bln) 103.00 (1.2bln) 103.50 (600m)
RrrussT1
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This's new on efxnews .. AUD/USD: Bearish: Decline over-extended but room for further extension to 0.7420.
As highlighted yesterday, despite the over-extended downmove, the current weakness in AUD has room to extend further to 0.7420 (the next support is close-by at 0.7390).
RrrussT1
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There are NewSEC rules that take effect Oct 14. MMF. Money Market Funds. BILLIONS of Dollars will NEED TO FIND a NEW home.. WITH yield. Be careful with our Aussie & Kiwi!!