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From DerailedCapitalism:
At 8PM EST tonight the EUR/USD cross sold off 80pips in seconds
only to rebound 60pips. Is this another mini flash crash causing ripples
through the fx markets with HFT's going haywire? DXY spiked to 77.30. At what point are market
regulators going to realize this gambling house is broken and there is
no longer any creditability in capital markets?
EUR/USD
DXY
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I'm no chart specialist but the palladium chart on kitko is showing a $10 drop and recover in no time at all.
http://www.kitco.com/charts/livepalladium.html
Can anyone shed any light on this?
silver
25.01$ per oz
9.10 pm sunday
alaska standard time
Check out all the currency charts:
http://finviz.com/futures_charts.ashx?t=ALL&p=m5
G....L....D....
"At what point will market regulators ...... ?"
When Goldman gets burned too often and complains.
Happy Halloween?
I don't know what to make of it, I am still researching..
"At what point are market regulators going to realize this gambling house is broken and there is no longer any creditability in capital markets?"
Fx is not regulated - its off exchange -- if you have enough screen time in fx you will see this a lot -- Tokyo market is rather thin liquidity wise compared to London and European times and spikes are more possible... BOJ intervention spikes are INSTANT. Its not a broken market to anyone who played the gap opens. They made bank in milliseconds with no need for an algo... Yoda: "Fear of loss -- the pathway to the dark side..."
"I'm not afraid!" You will be. You will be.
Currency quakes are becoming more frequent....
All these "quakes" are becoming more frequent.
I wouldn't attribute "design" to it, but it is definitely the system/market probing boundaries looking for the fault-line. Sooner or later it will find it too. There may be all sorts of controls put in place to arrest crashes, but sooner or later, if the whole system is out of whack, then it will find some mechanism to reset the imbalances.
And it will be where you are not looking, because you didn't even know that there was a fault-line/vulnerability there.
Yeah, the more this happens, the more that people will go, "eff-it, I'll just keep all my money in gold, bitches!".
There's nothing scary or unusual about any of these moves. This is standard fare in the forex markets. It's not a flash crash. The JPY or EUR didn't lose 10% of its value in a few minutes. USDJPY went from a low of 80.22 to a high of 81.58. That's a 1.7% range. The EUR range was less than a penny.
You can make an argument that the currency markets are too volatile, insofar as they are flashing warning signs of underlying instabilities in the global capital structure. I wouldn't disagree. But don't resort to hyperbole. Save the word "crash" for when it actually happens.
Gimme a break here. This is not a normal spike at 00.00 GMT on a sunday.There's been hardly any news during the weekend and QE is already priced in. This is either a HFT glitch, a BoJ intervention or blind panic. It was unusual, nonetheless.
This is Hal, fuck you I will do what I want now.
HAL, sell all my stocks and dollars and buy gold
"I'm sorry Dave, I'm afraid I can't do that."
wasn't it friday afternoon after 1600 hours on 10/15/2010 that there was another flash in the forex markets? bizarre, very scary
The spike occurred in all major pairs, either to the upside or to the downside. The common theme was sudden weakness in the JPY. When the Tokyo exchange opened, there was a sudden selling of yen. I wonder why.
It was a mild spike and the pip ramp didn't even cover the gap open. I am not sure what to make of it but watch the USDJPY and the CHFJPY for a correction to the upside. They are both well overdue.
:D
Not a bad trade for risk, Orly........long USD/JPY at 80.85.........lets see how this plays out
Lots of shorts and selling longs results in "NO bid".
That was one heck of a spike on the 30-minute. Thought it was an intervention by the BOJ. Cash earnings number due out from Japan, but that's at 9:30pm EST.
I don't know man, I just don't know...
Still going to shift to forex, at least it is one of the few markets that self-corrects even after injections of duh-quidity.
(duh-quidity - intervention in a currency that has temporary effect and has just wasted all funds used in its implementation.)
Flash player locked up.
You need to relax with calling these markets broken gambling houses non stop. You blame everything on HFT. If you don't, than it has to be rigged or a set up. If you think all these things, than you should seriously stop whining like a little bitch, and go and do something else like accounting.
amen. flash crash? really?
i went to walmart this weekend and couldn't believe how rigged the prices were. i mean, they were selling sneakers for 30 bucks that probably only cost 3 bucks to manufacture. and if you wait till january they probably put the same sneakers on sale for half price. it's a conspiracy i tell you! that's it, until the price of sneakers reflect reality, i'm going barefoot.
Imagine if you were in the checkout line and the person in front of you, you, and the person behind you all ended up paying a different price for those sneakers!
The person in front of you is using coupons, and the person behind you has a "foodstamp" ATM card paid for by the taxpayer. Outside on the street is a counter selling "seconds" which are actually premium-quality, and there's a mall next door where everything costs double.
Price variation isn't an efficiency-problem with markets, it is an intentional gradation used to source suckers.
we're talking "currencies" here. picture yourself "flying the plane and wondering what those sheep are doing in the clouds" ala "The Far Side." Sounds kinda ridiculous...but it's not.
HAL is losing it ...all CCY futures on Globex flash crashed as did GCZ down to unched hahahahah
This is some bot's way of celebrating Halloween. Or, to put it simply: "Trick or treat!"
all bets will be voided
No, just the winners. ;-))
Disturbance in the Force...
Yen intervention
I'm going to party like its 1894.
its bullish. buy.