Pound and traders: someone is clearly overexcited!
The pound/dollar lost a figure in a matter of minutes, collapsing from $1.5300 to $1.5200 and peaking around $1.5180.
As there are no news and rumors connected with this movement, players assume that someone's "clumsy fingers" might be to blame (afterwards accusations were even narrowed down to a trading error of some Dutch investor). Others point to the execution of a large order to buy Euro/sterling by a large American investor (cross jumped from stg0.8425 to stg0.8478).
The market situation is now normalizing and the GBP is making a pullback from the extreme levels.
My alternative is the yellow option
http://s41.radikal.ru/i092/1007/5f/e414df12a92e.gif
>21 July. /Dow Jones/. Times and dates are GMT.
>n/n - from previous week
>mom - from previous month
>q/q - compared to previous quarter
>YoY - compared to the same period of the previous year
>Translation by PRIME-TASS; + 7 495 974 7664; dowjonesteam @ prime-tass.com
>/Conclusion
>Dow Jones Newswires, PRIME-TASS
What was the GBP/USD at 10.57 ?
I have the same question. Who knows?
I have the same question. Who knows?
That's some bullshit.
I got knocked out by a stop on EURGBP because of this bullshit.
The pound/dollar lost a figure in a matter of minutes, collapsing from $1.5300 to $1.5200 and peaking around $1.5180.
As there are no news and rumors connected with this movement, players assume that someone's "clumsy fingers" might be to blame (afterwards accusations were even narrowed down to a trading error of some Dutch investor).
Others point to the execution of a large order to buy Euro/sterling by a large American investor (cross jumped from stg0.8425 to stg0.8478).
The market situation is now normalizing and the GBP is making a pullback from the extreme levels.
Keyword: FOREX
21-Jul-2010 09:12:13 (CET)