Sunday, October 24, 2010

USD flash crash

The USD index dropped 4% in 10 minutes after stocks closed on Friday night before bouncing back again.  The low was 74.60 and apparently all trades below 75.85 are being cancelled.  Fortunately the arbitrage bots were off and the stop run didn't extend to major FX pairs but there could be some shock waves at tonights open.  You have been warned.

Weekly charts later.

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