qe2, page-4

Hi W'nL,

IMO you're a seasoned FX'er and it makes sense to me that you would take a back seat during this period. In fact I have great respect for you FX'ers who manage to last in this game. The volatility is ball breaking!

It's my understanding that the latest general consensus is that the Fed will come out with $500b or less. Is it possible that anything in excess of this is not priced into the currencies yet? Even if the $$$'s are phased in over time (one would assume so) surely they would gave us an indication of how much in total they're prepared to throw in?

I'm just throwing some play money at the AUDUSD tonight and will stay up for a while and see how emerging rumours effect the volatility in the markets as we approach the Fed's initial announcement.

Heading to $1 as I type....

BTW - I have no idea myself!

Cheers,

Arkie

:)