• 51 mins Tech Billionaire Takes Aim At Google
  • 3 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 6 hours Expect A Pullback Before Gold's Next Major Rally
  • 8 hours Why Interest On Gold Matters
  • 24 hours Ten Extravagant Food Items For The Wealthy Only
  • 1 day Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 2 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 2 days Is A Gold Selloff Looming?
  • 3 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 3 days Three Cannabis Trends Flying Under Investors’ Radars
  • 4 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 4 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 4 days Dollar Falls As Powell Teases Rate Cuts
  • 4 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 5 days Many Americans Will Never Stop Working
  • 5 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 5 days Chile Cracks Down On Environmental Infractions
  • 5 days Warning Signs Emerge For Boeing
  • 6 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 6 days Musk Bullish On Tesla Despite Executive Exodus
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

A Flash Crash Last Night?

Remember flash crashes?

Well, one showed up last night with the Sterling dropping about 10% and then recouping to about a 2% drop.

Here is the question ... Was it really a flash crash or a real exodus out of the Sterling? (In other words, was it a computer trading issue or a trader issue?)

Based on the recoup level, it could be a trader issue, so be very careful.

Note ... today we posted the U.S. Dollar chart with the Dollar testing its resistance line and with the RSI closing slightly above its resistance line yesterday. That is a positive for the Dollar and it is one where a retest may be necessary.

US Dollar Index

 

Back to homepage

Leave a comment

Leave a comment