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October 31, 2007

Huge Spike in USD/HKD - Intervention taking effect!

USD/HKD just had a huge spike in the last two hours. Expect these spikes and subsequent pull backs as the pair starts to eventually work its way off of the bottom of its trading band. Trader's know that the Hong Kong Monetary Authority has been increasing the size of their interventions and its sending a message to the market.

Since they are "tipping their hand" and letting us see their cards, then we know which side of the trade to be on.

If you're one of our Money Trader subscribers, then you're already starting to enjoy this move.
Usd_hkd

Sean Hyman
www.money-trader.com

Posted at 10:55 PM |

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