Menu
Sister Sites

  • Dollar Flash Crashes On Last Trading Day Of 2016

    From zerohedge.com

    It is oddly appropriate that in a year everyone finally admitted markets are manipulated by central banks and broken by HFT algos, that on the last trading day of 2016, the dollar flash crashed with for no reason whatsoever. Shortly after 6:30pm Eastern, the dollar plunged by 150 pips against the Euro, once 1.05 stops were taken out, with algos sending the EURUSD as high as 1.07 in a matter of seconds...... while concurrently the Swiss Franc soared as much as 1.6% against the greenback, as the USDCHF tumbled from just over 1.025 to just above 1.0050 as the pair briefly flirted with parity.

I would say that EUR had flash crash , not dollar. There are no spikes on NZDUSD, USDCAD, but are all on EUR and CHF.
Quoting Fregata
I would say that EUR had flash crash , not dollar. There are no spikes on NZDUSD, USDCAD, but are all on EUR and CHF.
Look for Index US 240 pips down ,,,,,
1.07????? my price 1.0652 the major resistance 1.0670 was not break !!!! now again 1.0500/0480 are strong support temporary...
fishy.....
Quoting Fregata
I would say that EUR had flash crash , not dollar. There are no spikes on NZDUSD, USDCAD, but are all on EUR and CHF.
Really???

What hapened to the EURUSD pair, up or down?
Quoting AiWoZhongHua
Really???

What hapened to the EURUSD pair, up or down?
wait till next tuesday to make a new entry.. just get out first before stocks market open.
Quoting sylvin
wait till next tuesday to make a new entry.. just get out first before stocks market open.
I was not asking for advice, dear friend

My point is that it's a USD crash since it went down.
"that on the last trading day of 2016", really? As far as I know today is the last trading day of 2016, even if a bit short in some countries.

Guys, it is the end of the year. Some positions have to be closed-out by commercial houses who need the security of a solid balance sheet (i.e. cash) and no worry that some nutter like <insert favourite despot> is going to start a war on New Year's Eve.
Quoting AiWoZhongHua
I was not asking for advice, dear friend

My point is that it's a USD crash since it went down.
Lol you are stupid trader if you are calling that move crash of USD.
  •  Guest
  • | IP XXX.XXX.179.194
agree that a lot of traders want to be in cash over the long weekend, but isn't USD the safest "cash" to be in? if anything untoward happens over the weekend, this might, repeat might, be the catalyst:

http://www.reuters.com/article/us-ta...-idUSKBN14I0AO
Quoting jurek
Lol you are stupid trader if you are calling that move crash of USD.
"Dollar FLASH CRASHES On Last Trading Day Of 2016"

"I would say that EUR had FLASH CRASH , not dollar."

"What HAPPENED to the EURUSD pair, up or down? [meaning, in the past]

1/ You'll need a better comprehension of the english language. It's not your mothertongue, but it is neither mine. In doubt, you'd better keep your mouth shut. On top of that, you are insulting me!

2/ Learn the difference between a flash crash and a crash, then come back.
Quoting Guest
agree that a lot of traders want to be in cash over the long weekend, but isn't USD the safest "cash" to be in? ....
Maybe, but if you are in a non-US country (the Far East for instance) you want your positions closed into your native currency, which might be Baht, Ringgit or even Aus$.
Quoting jurek
Lol you are stupid trader if you are calling that move crash of USD.
You are the stupide 1 ))))) lol ......open chart Index US and open dictionary and read the meaning of crash !!!!!!!!!!! what we must to call it a bounce for usd ???????
Quoting Exodus
Maybe, but if you are in a non-US country (the Far East for instance) you want your positions closed into your native currency, which might be Baht, Ringgit or even Aus$.
Could be a reason, but we did not see a significant surge in any asian currency, as opposed to the EUR/CHF.

And I don't think some institution would built a huge long position/ unwind a huge short EURUSD, at a time when there is no liquidity.

I am confident that the reaso is a fat finger mistake or some crazy algos...
Quoting AiWoZhongHua
I was not asking for advice, dear friend

My point is that it's a USD crash since it went down.
"My point is that it's a USD crash since it went down. "

Read and weep my stupid friend those are your words. Buhahahahha
Dollar went down a bit and you calling this crash.
Good luck mate.
Quoting Ghassforex
You are the stupide 1 ))))) lol ......open chart Index US and open dictionary and read the meaning of crash !!!!!!!!!!! what we must to call it a bounce for usd ???????
Mega super huge end of USD.
Quoting jurek
Mega super huge end of USD.
Mega super huge end of USD.)))))) yeah sure 250 dips down lol are you kidding me !!!!! come on last 24 hour was a crash Index US ....end it .....
Why has trump not taken credit for this by tweet? ;-)
Usd Rate 0.75 and brexit maybe 1.08-07 is higher high next year imo 😄 i'm noob
Quoting hello2u
Why has trump not taken credit for this by tweet? ;-)
Busy by diplomatic problem with russia ))) his tweet was politic .
Quoting Mayly-May
Usd Rate 0.75 and brexit maybe 1.08-07 is higher high next year imo 😄 i'm noob
what you mean ???
Quoting Guest
agree that a lot of traders want to be in cash over the long weekend, but isn't USD the safest "cash" to be in? if anything untoward happens over the weekend, this might, repeat might, be the catalyst:

http://www.reuters.com/article/us-ta...-idUSKBN14I0AO
I think its not a crash of anything. It is very simple if you think about it. After the FED rate hike retail customers loaded up on USD longs and the dollar trades went up. Before the end of the year big boys wanted to take profit from those longs so they started selling and vallah!!
  •  Guest
  • | IP XX.XX.134.182
sort of reminiscent of GBPUSD crash under 1.20 a few months back. quietly, in the middle of the night light a fuse near a tank of kerosene and run away. then come back a few minutes later after a big noise, and see what happened.
what is the big deal. markets move. sometimes they move a lot. if they do not move, why they dont move, when they move, why do they move?
  •  Guest
  • | IP XX.XX.62.223
The market was basically dead, like a weekend. The volume of the first spike was only 187. Could have been someone doing an end-of-year take profit, or someone showing off at a drunk party, lol. Who knows? Doesn't affect day traders as we don't trade EURUSD at that hour, though the technical showed it well in advance. Happy New Year!
  •  Guest
  • | IP XX.XXX.117.125
Join FF
  • Story Stats
  • Posted: Dec 30, 2016 4:38am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 25  /  Views: 6,269