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Swiss Franc Slumps in Mini ‘Flash Crash’ as Japan Curse Strikes
The Swiss franc swooned almost 1 percent at the start of Asian trade Monday as thin liquidity caused by a Japan holiday led to a mini recurrence of the “flash crash” that roiled FX markets early last month. The Swissie slid from 1.0004 per dollar around 7 a.m. in Tokyo to as weak as 1.0096, the lowest since November, within a matter of minutes before almost as suddenly reversing the move to trade 0.2% stronger on the day. The round trip created a trading range for Monday of almost 110 pips, about double this year’s daily average of 56 pips. The move was a smaller cousin of the whiplash that saw the yen jump ... (full story)
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- Feb 11, 2019 3:43am Feb 11, 2019 3:43am
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
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- Feb 11, 2019 3:54am Feb 11, 2019 3:54am
- bloodpoodle
- Joined Dec 2010 | Status: Member | 112 Comments
The only system that will work is one designed by and for yourself.
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- Feb 11, 2019 7:24am Feb 11, 2019 7:24am
- tylerbose
- Joined Oct 2011 | Status: don't trade like i do | 79 Comments
i lose money for a living