OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» FOOTAGE RELEASED - It's Hammer Time - San Francisco judge orders police bodycam footage of Paul Pelosi attack to be released
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 2:46 pm by PurpleSkyz

» UPDATED! BOMBSHELL: New Project Veritas video hits it out of the park!!! Watch now!
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 1:52 pm by PurpleSkyz

» There's a 'Lost City' Deep in The Ocean, And It's Unlike Anything We've Ever Seen
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 12:46 pm by PurpleSkyz

» Food shortages will increase in 2023: here are the top 13 most likely products to show scarcity
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 11:34 am by PurpleSkyz

» Hunter Biden Was Receiving Classified State Department Briefings on a Regular Basis – Used to Promote Biden Family Business
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 11:25 am by PurpleSkyz

» First Commercial-Scale Nuclear Fuel Recycling Facility Being Developed
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 11:07 am by PurpleSkyz

» Where the Hell Are Biden’s Weed Pardons?
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 11:04 am by PurpleSkyz

» Former Detroit Lions Player Dies at 25, Team Announces
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 11:00 am by PurpleSkyz

» CHD Sues FDA to Obtain Documents Related to VAERS Reports on COVID Vaccine Injuries, Deaths
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 10:54 am by PurpleSkyz

»  Breaking: Federal Judge Blocks California Law Punishing Doctors for ‘COVID Misinformation’ aka "COVID VAX TRUTH"
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 10:53 am by PurpleSkyz

» Satire Or Serious: "Why Didn't The Unvaccinated Do More To Warn Us?"
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyToday at 10:49 am by PurpleSkyz

» Died Suddenly's - 01/26/23
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:53 am by PurpleSkyz

» Earth’s Core Has Stopped and May Be Reversing Direction, Study Says
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:48 am by PurpleSkyz

» Transgender Agenda News
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:33 am by PurpleSkyz

» Parsing an Ungrateful Generation
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:22 am by PurpleSkyz

» ‘Engineered’, Yes,…But In The Wuhan Lab?
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:18 am by PurpleSkyz

»  Establishment Demands You Stop Damar Hamlin Conspiracy Theories
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 11:10 am by PurpleSkyz

» Record Renewable Energy Generation in Australia Led to Record Low Demand and Emissions in Fourth Quarter of 2022
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 1:03 am by PurpleSkyz

» Consuming medicinal cannabis oil improves sleep in adults with insomnia
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 12:53 am by PurpleSkyz

» Major Blow as Experimental HIV Vaccine Fails in Late Clinical Trial
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 12:35 am by PurpleSkyz

» Oh Oh!! - 90 seconds to midnight
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 12:31 am by PurpleSkyz

» NASA is building a nuclear rocket to get to Mars in just 45 days
Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012  EmptyYesterday at 12:29 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012

Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun. 07/15/2012

Go down  Message [Page 1 of 1]

ymoilman2



Follow-Up from Eagle1 at KTFA Emailed to Recaps Sun.
07/15/2012

Follow-up to Frankfort Forex from Eagle-1 - possible TIMING

Jxxxxxxx asked me a similar question, so let me respond here on the forum with pretty much the same answer I gave to Jim since this is a question spinning around in more than a few heads.
One would think that the 17th is the next logical day, and that may well be the case.
Honestly, I look for the announcement virtually any minute. Normally, however, when an item like this shows up on FOREX and it is still there at the end of the business day, it will remain there until trading resumes, whether it begins the next morning at 8:00 AM or, in the case of a weekend, when trading resumes on Monday morning.
....
As far as whether they would wait for a week or not to implement the actual rate change, because of the possibility of investors scooping up the currency (and some will do that anyway!) and expecting to reap their dividend within 24 hours or even a week, the actual release time is kept a closely guarded secret, and could delay as much as 30 days (and even 90 days in some cases) if the IMF and Central Bank thought it appropriate.

As far as I know, (and this certainly doesn't mean I know all there is to know about this process!) the general rule of thumb is that when these items show up like this on FOREX, we can usually expect the actual currency change to occur within 72 hours.

Notice, also, that the announcement came just prior to a weekend. No trading takes place over the weekend, and by making the announcement at the close of business on a Thursday, it limits speculative trading.

Traders generally know that (and there are restrictions in place -- TOUGH RESTRICTIONS) they can't implement any currency transactions with that particular currency during the following 72 hours. Hence, the weekend announcement.
That's my take on things, for what it's worth!
Blessings on you.
Eagle1

[b]

Guest

Anonymous
Guest

Thanks YM for update! ☀

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum