Tuesday, October 4, 2016

On October 1st, the Chinese Yuan will be added to the International Monetary Fund's "Special Drawing Rights" holdings (SDR).

On October 1stthe Chinese Yuan will be added to the International Monetary Fund's "Special Drawing Rights" holdings (SDR).

So what does all this have to do with the EURO? This fund of approximately $300 billion is made up of a basket of currencies containing the US Dollar, Euro, British Pound and Japanese Yen.
USD - 41.9%
EUR - 37.4%
YEN - 9.4%
GBP - 11.3%

To make room for the addition of the Chinese Yuan, the IMF must recalculate the existing blend of currencies in the SDR basket. Most notably, the Euro's share will drop over 6% (about $18 billion). The Euro will be sold against ALL other major currencies.

This huge shift in the SDR coincides with several other major market movers:  
· The US presidential election
· The US Fed about the raise interest rates
· The final phase of the Brexit

Get ready for some amazing market movements!

This massive movement has upwards towards 7,000 potential PIPS over the next few months ($70,000 profit potential in a standard lot) within 30 to 60 days.

Here is a short video from World’s Top Currency Analyst Tyson Clayton explaining the announcement =>http://view.vzaar.com/8170642/video

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