I believe that Australia is aligning with Asia.
Australia: leverage up 20.
Japan: leverage up 25.
South Korea: leverage up 10.
Hong Kong: leverage up 20.
Singapore: leverage up 20.
A surprise for me. I believed they were going to align with Europe.
Off shore traders from Europe 11%.
Off shore traders from Asia 62% (21% China, 41% rest of Asia)
So i suppose that new traders with Australian brokers after ESMA and FCA new regulations didn’t come from Europe. They came mainly from Asia, running away from Europe. An exodus.