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Flash Crash instabilities seem to be spreading into the currency markets

EURUSD:

EURCHF:

And apparently the crash metastasized to the GBP as well

Comments?

1 posted on 10/23/2010 6:41:39 AM PDT by HangnJudge
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To: HangnJudge

It looks bad, but it is totally beyond my understanding.


2 posted on 10/23/2010 6:45:48 AM PDT by WestwardHo (Whom the god would destroy, they first drive mad.)
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To: HangnJudge

Granted I’m not the best at reading charts but the graph looks way worse than the actual numbers.


3 posted on 10/23/2010 6:46:17 AM PDT by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: HangnJudge

WTF


4 posted on 10/23/2010 6:46:41 AM PDT by yldstrk (My heros have always been cowboys)
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To: HangnJudge

Euro traded from 1.3952 down to 1.3925. Likely not HFT, but rather a human fat-finger error (two and five in wrong order) that cause what is only about a 0.2%-ish move.


5 posted on 10/23/2010 6:48:06 AM PDT by Thane_Banquo (Mitt Romney: He's from Harvard, and he's here to help.)
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To: HangnJudge

Holy crap! But what happens when the delta increases and the centerfuge rehabilitates under the weight of the middle axis? Then we are totally screwed!


6 posted on 10/23/2010 6:56:33 AM PDT by dinoparty
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To: HangnJudge

Kind of reminds me of the event of July 16, 1945.


7 posted on 10/23/2010 7:00:08 AM PDT by 668 - Neighbor of the Beast ( A window seat, a jug of elderberry wine, and thou.)
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To: HangnJudge

10 posted on 10/23/2010 7:12:39 AM PDT by FromLori (FromLori)
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To: HangnJudge

Whatever it is, it doesn’t look good but I have no idea what it is and what you’re talking about, lol.


16 posted on 10/23/2010 7:26:13 AM PDT by NoGrayZone (Obama IS a jackass!)
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To: HangnJudge

I thought I was on Free Republic. Does anyone here speak English?


17 posted on 10/23/2010 7:29:30 AM PDT by kitkat (OBAMA hates us. Well, maybe a LOT of Kenyans do.)
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To: HangnJudge

Soros and the ChiComs letting us know who owns the US debt?


19 posted on 10/23/2010 7:36:51 AM PDT by Darksheare (I shook hands with Sheryl Crow and all I got was Typhus and a single sheet of toilet paper.)
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To: HangnJudge

China is dumping.
They are setting up the Yen as the next world currency.

Thanks to the economics of the democrats in congress and our debt now. The Chinese will replace the dollar as the world currency with the yen.

Get ready people. It is going to hurt worse then the great depression.

Obama has set us up for a ride to hell.


34 posted on 10/23/2010 5:24:18 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: HangnJudge

I have one comment.

Maybe it’s not the issue here, but it seems that the media in general likes to expand the “y” axis to the point that small movements are eggaderated to look like something really huge. For example, in the second chart (EURUSD), the range of the scale is from 1.3915 to 1.3952, representing a range of around 0.27%. Is that really significant?


35 posted on 10/23/2010 5:42:09 PM PDT by meyer (Tax the productive to carry the freeloaders - What is it with democrats and slavery?)
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