"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 6 hours OPEC ‘Supergroup’ Keeps Oil Exports Subdued
  • 7 hours One Belt, One Road, One Direction for Precious Metals
  • 9 hours Vicious Trio Keeps Bitcoin in Chokehold
  • 11 hours How Infrastructure Is Driving A Commodity Boom
  • 12 hours What’s Really Happening With Venezuela’s “El Petro?”
  • 14 hours Gold Bull and Bear Markets
  • 1 day 5 Big Drivers of Higher Inflation Rates Ahead
  • 1 day U.S. And China To Face Off Over Aramco IPO
  • 1 day Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 2 days Stocks Fail to Hold Gains, But Still No Correction
  • 2 days Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 2 days Why The Next Oil Boom Will Be Fueled By Blockchain
  • 2 days 5 Things Investors Should Know About China this New Year
  • 3 days Is The South Korean Crypto-Drama Finally Over?
  • 3 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 3 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 3 days The End Is Near
  • 3 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 3 days Irredeemable Currency De-tooths Savers
  • 4 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers

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




Don't Miss A Single Story