• 950 days Will The ECB Continue To Hike Rates?
  • 950 days Forbes: Aramco Remains Largest Company In The Middle East
  • 952 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,352 days Could Crypto Overtake Traditional Investment?
  • 1,357 days Americans Still Quitting Jobs At Record Pace
  • 1,359 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,362 days Is The Dollar Too Strong?
  • 1,362 days Big Tech Disappoints Investors on Earnings Calls
  • 1,363 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,364 days China Is Quietly Trying To Distance Itself From Russia
  • 1,365 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,369 days Crypto Investors Won Big In 2021
  • 1,369 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,370 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,372 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,373 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,376 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,377 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,377 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,379 days Are NFTs About To Take Over Gaming?
  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