Disliked{quote} it's an interesting chain of events though. Initially, crap news came out on au. Uj did not respond though to au decline initialy, then gu starts to rally - dragon goes up 20-30. Now uj starts to respond to au slide, and the dragon is up another 20-30. Some cool stuff.Ignored
Spot FX holds it aggregate value always. It is recession proof. So no matter what happens on any currency pair, it always balances out.
The FOREX market is made up by the follow ratio 60:40
60% (speculative market) 1,400 Trillion Annually or 4 Trillion A Day
Currency Swaps
Forwards
Options
Futures
AND
40% (non-speculative market) 547 Trillion Annually or 1.5 trillion A Day
Spot FX - We trade in this market.
When you combine all FIVE you get
1947 Trillion Annually or 5.5 Trillion A Day
HDA OUT