Recently, Australia's central bank cut interest rates to a record low, seeking to be more competitive in the global economy.
The Reserve Bank of Australia, or RBA, lowered the benchmark cash-rate target to 2.75%, expressing concern that the Australian dollar remains close to 30-year highs. According to the Economist Index, the Australian Dollar is 12% overvalued and is crippling the nation's manufacturers and exporters.
In this short video, I'm going to share with you the rumored trades that Geroge Soros made on the AUD. It is believed that he pocketed $60 million on these trades in just 36 hours. I will show you using our Trade Triangle technology just how you would've beat George to the punch.
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Adam Hewison
President, INO.com
Co-Creator, MarketClub
Can it be true?
I am on trial subscription. So I am checking out your comments and charts.
This video was released May 10th and you describe the Aussie situation as it was on May 8th.
The Aussie tumbled May 9th so you may it look like you were predicting the crash.
That is not fair at all?
Its sorta like when you are at the end of a monopoly game and that one player is whoopin' everyone cause he owns everything... Yea, we are at that point, the only thing missing is for the majority of players to get up, leave, and go get some nachos.