something interesting

<  BACK TO Market Analysis

PIG TODAY-And here's more commentary from around the place on why GBP was crushed; but still no rational explanation

 

These via the WSJ round-up

  • "I initially doubted what I saw on my screen," said Kenji Yoshii, a foreign exchange strategist at Mizuho Securities
  • Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande  ... His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added
  • "There was a complete lack of two way interest in buying the pound on the way down," said Jeffrey Halley, a senior market strategist at Oanda.
  • Chris Weston, chief market strategist at IG, a broker. "This is the sort of time when the big U.S. traders are going home and Asian traders are getting back to the desk"

The most likely cause of the pound's sudden drop on Friday was a so-called 'fat finger' trade-that is, an error by a trader-or a rogue algorithm, said Bart Wakabayashi, managing director and head of Hong Kong foreign exchange sales at State Street Global Markets."When you have that big a move you're triggering a lot of things on the way down, like stop losses and options barriers, which exacerbate the whole move"

 

These via the WSJ round-up

  • "I initially doubted what I saw on my screen," said Kenji Yoshii, a foreign exchange strategist at Mizuho Securities
  • Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande  ... His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added
  • "There was a complete lack of two way interest in buying the pound on the way down," said Jeffrey Halley, a senior market strategist at Oanda.
  • Chris Weston, chief market strategist at IG, a broker. "This is the sort of time when the big U.S. traders are going home and Asian traders are getting back to the desk"
  • The most likely cause of the pound's sudden drop on Friday was a so-called 'fat finger' trade-that is, an error by a trader-or a rogue algorithm, said Bart Wakabayashi, managing director and head of Hong Kong foreign exchange sales at State Street Global Markets. "When you have that big a move you're triggering a lot of things on the way down, like stop losses and options barriers, which exacerbate the whole move"
    Source: forexlive.com

     

    These via the WSJ round-up

    • "I initially doubted what I saw on my screen," said Kenji Yoshii, a foreign exchange strategist at Mizuho Securities
    • Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande  ... His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added
    • "There was a complete lack of two way interest in buying the pound on the way down," said Jeffrey Halley, a senior market strategist at Oanda.
    • Chris Weston, chief market strategist at IG, a broker. "This is the sort of time when the big U.S. traders are going home and Asian traders are getting back to the desk"

    The most likely cause of the pound's sudden drop on Friday was a so-called 'fat finger' trade-that is, an error by a trader-or a rogue algorithm, said Bart Wakabayashi, managing director and head of Hong Kong foreign exchange sales at State Street Global Markets."When you have that big a move you're triggering a lot of things on the way down, like stop losses and options barriers, which exacerbate the whole move"

     

    These via the WSJ round-up

  • "I initially doubted what I saw on my screen," said Kenji Yoshii, a foreign exchange strategist at Mizuho Securities
  • Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande  ... His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added
  • "There was a complete lack of two way interest in buying the pound on the way down," said Jeffrey Halley, a senior market strategist at Oanda.
  • Chris Weston, chief market strategist at IG, a broker. "This is the sort of time when the big U.S. traders are going home and Asian traders are getting back to the desk"
  • The most likely cause of the pound's sudden drop on Friday was a so-called 'fat finger' trade-that is, an error by a trader-or a rogue algorithm, said Bart Wakabayashi, managing director and head of Hong Kong foreign exchange sales at State Street Global Markets. "When you have that big a move you're triggering a lot of things on the way down, like stop losses and options barriers, which exacerbate the whole move"
    Source: forexlive.com

    lastest Articles

    Market Analysis
    British pound volatile as Brexit-vote day arrives
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom:- Perfection
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    PAMM News
    Managed Forex Accounts Daily Results (14.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (14.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 14.01.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed’s Dovishness Confirmed – Focus Shifts to Brexit and Earning Season
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Investing
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    USD/JPY - Fed Will Put Over-Valued USD/JPY In The Cross Hairs
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (10.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Do what you love
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    FOMC: Caution in mind
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (09.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: The goal
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -09.01.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (08.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Opportunities...
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 08.01.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (07.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Markets Rise After Strong US Jobs Growth with Fed Talking Down Rate Hikes
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (03.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Accepting losses
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-03.01.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (02.01.2019)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY recovers large part of daily drop on improved sentiment, trades near 109.50
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: The Impossible
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 02.01.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    Happy and Prosperous New Year
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Yearly Results - 2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Trade What’s Happening…
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    FX Today: Markets thin as the new year rolls around
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar might face hard times in 2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Oil remains bid after inventories post small decline
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Never let a win go to your head, or a loss to your heart
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    EUR/USD eases from weekly tops, still well bid around mid-1.1400s ahead of German CPI
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar slides versus haven currencies as equities renew selling
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Good Trading
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Fed projections are the problem
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom:The market is a device for transferring money from the impatient to the patient
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Japan’s Nikkei tumbles into a bear market after Wall Street’s latest slide
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    Christmas And New Year Trading Schedule
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Take your profits
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Forex Today: Risk sentiment sees markets drifting mildly higher in the pre-Christmas wind-down
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Weekly Results
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Volatility and Risk Aversion Continue to Dominate December
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (20.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    ONDA PAMM - Very Promising PAMM...Could it Be?!
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (18.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Cloudy Skies Remain For AUD/USD Into The Fed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold retreats after being unable to break above $1250
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (17.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD May Struggle To Rally On Any Fed Dovishness
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD extends the bounce towards 1.1350
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Weekly Results
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar Higher Ahead of Crucial Fed Meeting
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Control
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 14.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Risk Control
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    PAMM News
    Managed Forex Accounts Daily Results (13.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Currencies struggle for direction despite Draghi and Trump comments
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -13.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (12.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    USD Bank Wire Notice
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    ECB will say goodbye to quantitative easing, but when will it hike rates?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom:Knowing Your Self
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 12.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (11.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Personalizing Loses
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-11.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (10.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 10.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Amateurs vs Professionals
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Forex Today: Risk-off extends into Asia, UK monthly GDP – key focus
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    BREXIT - Margin Requirement
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: The Game
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Gold retreats from 5-week tops amid a modest USD rebound
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (04.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    US National Mourning day Trading Schedule
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 04.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Keep it Simple
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Breaking: GBP/USD jumps on ECJ opinion that the UK can revoke Article 50 unilaterally
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (03.12.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD fails to preserve gains, calms down below mid-1.27s
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Your Friend
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 03.12.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Weekly Results
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar Looking for Economic Guidance Ahead of Busy Week
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: You are what you do
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    FOMC to press on with hikes, cautiously
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (29.11.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US Dollar Tests Trend-Line Support Ahead of FOMC Minutes
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Risk and Reward
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 29.11.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed's Powell: Estimates of neutral policy rate, maximum employment highly uncertain
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Bull and Bear
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    EUR/USD: On the defensive
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (27.11.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today - Sterling falls on Brexit vote worries, Trump weighs in
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Quips of Wisdom
    Forex Trading Wisdom: Move on
    https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -27.11.2018
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    PAMM News
    Managed Forex Accounts Daily Results (26.11.2018)
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613