As we know, when the big asset managers rebalance their portfolios, it can have a huge impact on the markets and I believe that there will be some major asset movements tonight but the FX market isn’t likely to be directly impacted.
The flows are going to be out of bonds and into stocks which should impact on the risk sentiment in the other markets, which could be bearish for Gold and bullish for pairs like AUD/CHF and AUD/JPY.
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