GBP/USD
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Dislikedpick the bottom soon?
this drop is no real event or news, so we shall retrace again....to i have the balls to long nowIgnored
DislikedApparently someone fat fingered a Monthly options roll.
$25 down on gold futures in 1 second on Comex open, $17 on spot.Ignored
DislikedFXstreet.com (Córdoba) - Gold slumped, dropping over $25 within the last hour as risk sours and the USD firms amid concerns US lawmakers would be unable to reach a budget agreement needed to avoid the 'fiscal cliff'.
The yellow metal broke below the $1735 area and accelerated to its lowest in nearly 2 week of $1711 an ounce before finding support. At time of writing, gold futures trade at $1713.50 an ounce, recording a 1.6% daily loss. On the downside, next major support comes at $1704/1705.5, Nov 15/16 lows.
There is market talk of an error in...Ignored
DislikedPosted from the other thread....
BNN (Business News Network) said there is an investigation of a possible "computer error" at a major bank with regard to rolling over options. The tendency of the markets is to sell the rumour and buy the fact, so if this was caused by an "error" expect an equally quick (and equally unpredictable) reversal which will coincidentally pay off tremendously for the bank in question as "errors" like this always do.Ignored