It is most probably driven by the aggressive bidding in EUR/CHF. According to the news, BIS (Bank of International Settlements) has so far bought over 3Billion Euros on behalf of the SNB !

You are right Raza. Everything was there on the charts for the drop, but they needed a reason

Yup: 1205 GMT [Dow Jones] Sterling collapses across the board; a lot of FX traders are saying it's on unconfirmed gossip circulating that UK PM Brown has resigned.

The BIG picture GBP/JPY — Hello all, Some charts for your viewing pleasure: The first is a daily chart of Geppy showing the PA touching the 38.2 fibofan retracement from the 251 top to the 118 bottom. The horizontal red line on 151.50 is a ...

Good morning, Yes it is going on, here is one satement: BoJ's Shirakawa says Japan GDP to improve sharply in Q2, also says Q1 GDP in line with BoJ expectations. Also, BOJ stated earlier that they are not intending to intervene in the FX market, so ...

Hi Jack, Here are two Murray indicators I am using. Malcolm is using the one called: Murrey_Math_Line_X_eng.ex4. Cheers and green pips

GM all, @Piters: I use WHC (Broco) demo MT4 for charting, and they do have DJIA and SPX on it.

NP mate. Still going down... latest 1.3291

Hi OW, here is an up to date HOK9 chart. Cheers.

No change in Geppy.... — Hi all, I use this site from down under for early quotes and it is usually quite accurate: url The price is hovering around 146.70... and I haven't seen a 600 pip drop there!

[quote=Pips_Cruiser;2616560]Here's another idea that's being tossed around: url ] Thanks for the info Pip_Cruiser. I heard about the SDR idea before, and I have a feeling that something to this effect will be announced at the upcoming G20 summit. I ...

I wonder how long we'll be able to trade FX?! — Greetings to all, It seems that the UN found a solution to end the "monetary chaos" GENEVA (AFP)--The global economy needs a coordinated arrangement on exchange rates that would end the ...

Hello all, This was pure and blunt intervention by the SNB, such huge moves are only possible if a major market mover like a central bank is intervening: 1518 GMT [Dow Jones] SNB's announcement of foreign currency interventions is the first such ...

Hello to all, The wild spreads many experienced today were caused by this: NEW YORK (Dow Jones)-- ICAP's Electronic Broking Services, or EBS, encountered technical problems Thursday, with traders unable to confirm transactions, leading to increased ...

Thanks, and here is what JPMorgan is saying: USD/JPY Still Trending Downward - JPMorgan 2321 GMT [Dow Jones] Though USD/JPY higher vs NY overnight, JPMorgan Chase Bank believes pair still trending downward as economic reports for now expected weak, ...

Hi all, What a crazy mess today I hope you have managed to survive it! All of this madness was because of a 30-year bonds auction at 18.00 GMT that didn't attract many buyers. This was interpreted by traders as a lack of interest in "Safe ...

Nothing unexpected! This was the pattern on all openings since Asia. Tokyo, London, and now New York all opened with fast bullish moves, the reason was mainly short covering, and in the Asian session, Japanese importers used the opportunity of a ...

The Kangaroos were messing with our lady! I hope they go to sleep soon ! 1341 GMT [Dow Jones] The yen is lower versus the dollar and euro from day earlier levels in part because of the foreign exchange intervention by the Reserve Bank of ...

Hi, DP is 144.19 (at least on my chart).

hello all, I have heard from 2 different sources that BOJ will step in when uj drops bellow 90, so we might still need to reach karmo's double digit lows before the big bounce. The BOJ has already stated before that it didn't interfere in the FX ...