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