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  • #1,001
  • Dec 8, 2006 8:28pm Dec 8, 2006 8:28pm
Quoting GirlFlyer
Weird thing is, XE.com shows 1.33920, also
But, GBP/USD is correct, though.
  • #1,002
  • Dec 8, 2006 8:30pm Dec 8, 2006 8:30pm
Quoting GirlFlyer
But, GBP/USD is correct, though.
CBS Marketwatch is supposed to be live rates... but I'm not sure if they are at this time or not... but they do show 1.32 for the eur/usd
  • #1,003
  • Dec 8, 2006 8:37pm Dec 8, 2006 8:37pm
Quoting GirlFlyer
CBS Marketwatch is supposed to be live rates... but I'm not sure if they are at this time or not... but they do show 1.32 for the eur/usd

That's just the thing, does 'live rates' mean after hours? I would say if you see CBS rates changing every so often then they are probably after hours. I know X is definitely after hours.

Lou
  • #1,004
  • Dec 8, 2006 8:44pm Dec 8, 2006 8:44pm
Quoting Lou
That's just the thing, does 'live rates' mean after hours? I would say if you see CBS rates changing every so often then they are probably after hours. I know X is definitely after hours.

Lou
I think they have something screwy there considering GBP is where it is supposed to be on XE. If the Eur was up that much, it would effect everything else.
  • #1,005
  • Dec 8, 2006 9:05pm Dec 8, 2006 9:05pm
Quoting GirlFlyer
I think they have something screwy there considering GBP is where it is supposed to be on XE. If the Eur was up that much, it would effect everything else.
You have a good point. If so that would mean that CNN Money has the same feed as Xe .
  • #1,006
  • Dec 8, 2006 11:06pm Dec 8, 2006 11:06pm
Now USD/JPY showing 115.25 at 11:05 pm usa central. that is about 100 pip drop from the NY close.

GBP/JPY shows 225.22 with NY Close having been at 227.18


This all will be interesting to see come the dealing desks opening on Sunday.
  • #1,007
  • Dec 8, 2006 11:53pm Dec 8, 2006 11:53pm
Quoting Lou
Now USD/JPY showing 115.25 at 11:05 pm usa central. that is about 100 pip drop from the NY close.

GBP/JPY shows 225.22 with NY Close having been at 227.18


This all will be interesting to see come the dealing desks opening on Sunday.

I checked the live prices at Fxstreet and they say 1.3202... Finally I went directly to XE.com and all transactions that they set up are cleared (XE is not the handler of the money) with Custom House... Anyway I checked their website and they have it listed as 1.3202. I also went to XE.com and did a live chat with someone there... I will post it here:

http://server.iad.liveperson.net/hcp...o/chatinfo.gifPlease wait for a site operator to respond.
http://server.iad.liveperson.net/hcp...o/chatinfo.gif
XE.com Forex Speculation: Welcome to XE.com's Live Chat feature. So that I may better serve you, feel free to provide me with your name and email address. How can I help you?
User: I have a quick question... On you're site www.xe.com they list the exchange rate for the EUR/USD as 1.3392 wich is almost 200 pips over the current market... Is this a mistake or is it the deal of a lifetime for anyone wanting to turn in their Euro's?
XE.com Forex Speculation: http://www.xe.com/ucc/
User: 1.00 EUR 1.00 Euro = 1.33920 USD
User: That's from the site. The market closed today at 1.3202.
User: Somoneone could turn in Tons of Euro's for one heck of a deal since they have it listed 200 pips above the actual.
User: Can you explain this? It must be an error.
XE.com Forex Speculation: It may just be that they are not updated as of yet
User: Does it not update in real time?
XE.com Forex Speculation: The market didmore about 100-150 pips today so they may not have them updated
XE.com Forex Speculation: after the NFPs
XE.com Forex Speculation: It must be updated manually on that portion of the site
User: yes. Straight up 150 then straight down 150
XE.com Forex Speculation: Is there anything else I can help you with?
User: Please verify that I can't turn my Euro's in for this rate cause if I can I'm doing it now...
XE.com Forex Speculation: I am afraid you will not be able to



So I checked who XE clears through and this guy said it is updated manually.

Sorry to let anyone down still holding the EUR longs but this is a definate mistake... That being said if you have any Euro's try and make some quick money by taking the listed rate... I doubt they will honor it but it's worth a shot.
  • #1,008
  • Dec 9, 2006 12:02am Dec 9, 2006 12:02am
I forgot to mention... There also is noooo reason for that to happen (other than all the longs praying that it still will go back up). I checked 3 different news services I have access to and there is nothing. I don't feel the ground falling from under me where I live in the US so I'm sure it's just a bad mistake. Does get your heart pumping though (Not mine... I very rarely hold a position over the weekend and if I did it would be hedged).


Best of luck on Sunday!
  • #1,009
  • Dec 9, 2006 12:36am Dec 9, 2006 12:36am
I have no difficulty believing that errors occur, particularly single errors. I find it much harder to believe there would have been errors in 3 different pairs. Can anyone come up for a likely scenario which would account for this? Lets see there is a 190 pips potential error on fiber, 100 pips on USD/JPY and approximately 200 pips on GBP/JPY. Can anyone tell me what is going on with EUR/JPY? If both fiber and USD/JPY are way off that pair should be also.

That many errors at the same time would imply a very large problem and you would expect that they would be well aware of it and doing something, even after hours and on the weekend to correct it.
  • #1,010
  • Dec 9, 2006 1:31am Dec 9, 2006 1:31am
You can check Xe.com now, it's showing the correct rate...


Thanks,

Nader
  • #1,011
  • Dec 9, 2006 6:51am Dec 9, 2006 6:51am
Hmm,

Was wondering the same thing - in the UK we have a teletext service that updates every 2 minutes and continues on a Friday until midnight UK time.

The close price there also shows EU at 1.339x - I guess all we can do is wait for Sunday opening to see what's happening .

All other pairs that I trade (GU, UJ, UCHF & UCAD) show prices similar to when my broker closed two hours previously.

Kind Regards
Steve
  • #1,012
  • Dec 9, 2006 9:09am Dec 9, 2006 9:09am
Now XE.com (15:08 UTC) is showing 1.3050 for the exchange rate on EURUSD,

1.95561 GBPUSD
116.31 USDJPY
151.791 EURJPY
227.467 GBPJPY
  • #1,013
  • Dec 9, 2006 10:15am Dec 9, 2006 10:15am
Quoting mmccormac
I forgot to mention... There also is noooo reason for that to happen (other than all the longs praying that it still will go back up). I checked 3 different news services I have access to and there is nothing. I don't feel the ground falling from under me where I live in the US so I'm sure it's just a bad mistake. Does get your heart pumping though (Not mine... I very rarely hold a position over the weekend and if I did it would be hedged).


Best of luck on Sunday!
I have used Xe. on a regular basis for possibly a year or more. I use it when I am checking price but dont need my charts to be up and they have been accurate in the past. That is why the difference was so surprising yesterday. One must remember that although the dealing desks for most brokers might be closed for the weekend, the market is not. The market is truely 24/7 .
  • #1,014
  • Dec 9, 2006 2:14pm Dec 9, 2006 2:14pm
cnn money now shows 1.3185 for the euro, down from fridays close

no happy dance for me i guess.
  • #1,015
  • Dec 9, 2006 2:25pm Dec 9, 2006 2:25pm
already changed to 1.3187. I bet there is a lot of behind the scenes trading going on this weekend
  • #1,016
  • Dec 9, 2006 2:43pm Dec 9, 2006 2:43pm
Seems everyone has different prices....CNBC is showing 1.3390 currently; 1.3276 on XE.
Capital Preservation is key to long term wealth accumulation
  • #1,017
  • Dec 9, 2006 4:50pm Dec 9, 2006 4:50pm
Quoting moonchild
I find it much harder to believe there would have been errors in 3 different pairs. Can anyone come up for a likely scenario which would account for this? Lets see there is a 190 pips potential error on fiber, 100 pips on USD/JPY and approximately 200 pips on GBP/JPY. Can anyone tell me what is going on with EUR/JPY? If both fiber and USD/JPY are way off that pair should be also.
Seeing as USDJPY and EURUSD as the "legs" of the EURJPY - if the movement in the legs is equal in proportion then it wont affect the latter! On the other hand GBPUSD shows as not having moved that and USDJPY are the legs of GBPJPY therefore a disproportionate move ie one moves the other doesnt will have the effect as you have witnessed on the GBPJPY.

I can only assume the crosses are connected to their respective legs so any erroneous price will be reflected via a "domino effect".

Lets see what happens when the brokers open for business again.

Kavs
_____________ Kavs Make It Happen For Yourself
  • #1,018
  • Jan 5, 2007 11:35pm Jan 5, 2007 11:35pm
For my self it was in the 80's but i was trading options back then.


turbo
  • #1,019
  • Jan 6, 2007 1:17am Jan 6, 2007 1:17am
between 1.10 and 1.20 but I voted for 1.10
  • #1,020
  • Jan 6, 2007 1:18am Jan 6, 2007 1:18am
Quoting turbokaos
For my self it was in the 80's but i was trading options back then.


turbo
Dude stop selling the dollar .. you're making everyone else poorer in America.
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