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  • When Only The Machines Are Stirring - GBP Goes Bidless

    From zerohedge.com

    Read Full Story at zerohedge.com

    It seems that while all the good boys and girls of the world are opening gifts and starting to drink heavily on this festive day, something is afoot in the GBPUSD FX pair. With not a creature stirring apart from a few algos, the transatlantic cross has gone steadily bidless - now down 90 pips in a well coordinated dribble-down algo battering. Of course, it isn't like there are hundreds of billions in trade terms relying on an accurate, credible depiction of what this currency pair's true, algo-free value is, so don't expect anyone to actually lift a finger to explain what just ... (full story)

    • eqshack
      eqshack's Avatar

        1,003 posts
    • Wow. gbpusd right now 1.5931 :OOOOO

    • eqshack
      eqshack's Avatar

        1,003 posts
    • where you see that?1.5907 right now. Gbpjpy falls like she wants to visit hell again
      Quoting ZizoFX
      1.5800 Now

    • michaelpelly

      314 posts
    • That's odd! :-) Good observation from "zero"s ;-).

    • Guest

      IP XXX.XXX.149.2
    • why did this happen????

    • Forexgain
      Forexgain's Avatar

      531 posts
    • GBP/USD back at 1.6067 after visiting day's low at 1.5905. Check the live interbank rate here:

      http://www.bloomberg.com/quote/GBPUSD:CUR

    • Raj Deshmukh

      6 posts
    • These all are Fake fluctuations..

      GBP/USD Current rate is : 1.6135 (As per Inter Bank Server)
    • Dec 25, 2012 11:25am | Edited at 12:43pm
    • #8
    • Quote

    • mima
      mima's Avatar

        2,471 posts
    • It is 1.5902...

      It is again 1.6130...

    • Guest

      IP XX.XX.133.30
    • Quoting Forexgain
      GBP/USD back at 1.6067 after visiting day's low at 1.5905. Check the live interbank rate here:

      http://www.bloomberg.com/quote/GBPUSD:CUR
      these are close day rates, they dont quote on holidays)) now gbp usd is 1.5904

    • Guest

      IP XX.X.46.11
    • damn, wish I could see volume on that chart. but it sure smells of robots. lucky, I am all closed out at the moment. closed out and in GB pounds, just joking.

    • Forexgain
      Forexgain's Avatar

      531 posts
    • Quoting Guest
      these are close day rates, they dont quote on holidays)) now gbp usd is 1.5904
      These are not close day rates. Apply a portion of your brain to check the last updated time which is mentioned in ET & on little below you can check the daily day's range.

      I agree with your last check, some site shows 1.5904 as current price but that's contradictory in itself. For example, check the Fxstreet's live interbank rate, one rate says 1.5904 while other states 1.6143..:

      Bloomberg [G/U at 1.6137]
      http://www.bloomberg.com/quote/GBPUSD:CUR

      Fxstreet Live Interbank [G/U at 1.6143]
      http://www.fxstreet.com/rates-charts/interbank-rates/

      Fxstreet Live Currency [G/U at 1.5904]
      http://www.fxstreet.com/rates-charts/currency-rates/

      Hifx Live Interbank Rate [G/U at 1.5902]
      http://www.hifx.co.uk/Marketwatch/Exchange-rates.aspx

      Xe Interbank Rate [G/U at 1.6109]
      http://www.xe.com

      These different quotes only creating confusion & bringing a perfect arbitrage opportunity. But i will suggest you to enjoy your Christmas party & forget this mess for the time being. Correct quote can be seen only when market opens tomorrow....


      A quick snapshot of hell's gate can be seen here:
      http://www.forexgyan.com/file/pic/ph...der-GBPUSD.jpg

    • Guest

      IP XX.X.110.222
    • Thanks Guys your msg. is very helpful. Now I am Sleeping peaceful.

    • eqshack
      eqshack's Avatar

        1,003 posts
    • lol yea..crazy stuff
      Quoting mima
      It is 1.5902...

      It is again 1.6130...

    • lumesh

        1,252 posts
    • What's with the big fuss about cable? You can't trade it during these holidays anyway. You're stops nor TP's are'nt being run if you're broker is closed. Go back under your Christmas tree

    • palinco

      244 posts
    • this is the handy work of forex cabal on the other side of your computer, who wants you to fail for them to reap all your money.

    • IbroTapha

      88 posts
    • My broker went dead since night of 24th. Whoever knows when Alpari-US will reopen. Is it 25th night or 26th?

    • Ill-b-back
      Ill-b-back's Avatar

        6,773 posts
    • Quoting Forexgain
      These are not close day rates. Apply a portion of your brain to check the last updated time which is mentioned in ET & on little below you can check the daily day's range.

      I agree with your last check, some site shows 1.5904 as current price but that's contradictory in itself. For example, check the Fxstreet's live interbank rate, one rate says 1.5904 while other states 1.6143..:

      Bloomberg [G/U at 1.6137]
      http://www.bloomberg.com/quote/GBPUSD:CUR

      Fxstreet Live Interbank [G/U at 1.6143]
      http://www.fxstreet.com/rates-charts/interbank-rates/

      Fxstreet...
      Now that's what I call a fiscal cliff

    • climber123

      50 posts
    • Has anyone tried executing a trade?

    • Ill-b-back
      Ill-b-back's Avatar

        6,773 posts
    • Quoting climber123
      Has anyone tried executing a trade?
      Ever played Russian Roulette?

      ;-/

    • alexrazon
      alexrazon's Avatar

      225 posts
    • Quoting climber123
      Has anyone tried executing a trade?
      was your broker open?

    • alexrazon
      alexrazon's Avatar

      225 posts
    • Quoting climber123
      Has anyone tried executing a trade?
      better yet, fck those bots, who would dare trade that shit?, certainly i wont

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