The short answer to this question is Yes and No, Forex markets cannot crash in their entirety, but specific currencies can crash at any time. Crashes in the Forex markets are quite different from those in the stock markets in that Forex crashes usually affect a specific currency. For example, when the Swiss Central Bank unpegged the Swiss franc from the euro, the franc soared and took down other currencies in what is known as a flash crash 02/01/ · The dollar collapsed to as low as yen on Reuters dealing JPY=D3, a drop of percent from the opening and the lowest reading since March It was last trading around yen. Estimated Reading Time: 2 mins 03/01/ · Forex Markets have had another Flash Crash It has been a wild start to the day on forex markets, after what has been described as another flash crash. In early Asian trade, the JPY pairs all started crashing lower, with most down % over the course of a few minutes
Flash Crash - You Got Played
This is a special report on the Flash Crash of January 3rd, Good thing too…, forex market crash of jan 3. The excuses the media gives are laughable and easily debunked. On January 3rd,the AUD got really weak, and the JPY got really strong in a very short amount of time, forex market crash of jan 3.
The fundamental correlation most people follow is that AUD is the pro-China play, and the JPY is the anti-China play. An article here from the Financial Times forex market crash of jan 3 it down.
ForexLive had a nice piece on it here. Go to in the video. They play off of your lack of education here, and your automatic relent towards people who are in the industry. So Apple comes out and states their 4Q numbers are going to be down a bit due to an apparent slowdown in the Chinese economy.
Almost everyone in the game already knows that. The Hang Seng chart Hong Kong is no different. Hang Seng and Shanghai Composites were not greatly affected either, for the sake of space, you can research this yourself if you like. And all of the excuses given for this move downward never answered the one big remaining question…. Oh, and make sure it happens during low liquidity time so we have another built-in excuse.
The combination of the two cannot be refuted!! Now do you think Japan is going to be super cool with their currency getting 7 percent more expensive against one of their biggest trading partners overnight? Long-term, the Japanese government may want the JPY to go up or go down for whatever reason, but it will happen gradually, and on their own terms. Certainly not like this. So to avoid an impending foreign shitstorm, the Banks took what they needed, and put everything right back as they found it.
And not before a bunch of stop losses got taken out, and a bunch of long limit orders were triggered, and those long traders panicked and exited. In the restaurant world, where I come from, there forex market crash of jan 3 dozens of ways to manipulate the system, through the computer, or promotions, or whatnot, for the purpose of stealing money from your place of employment.
I never did forex market crash of jan 3. Not even a few extra hundreds. Not for me, forex market crash of jan 3. The dumbasses who would steal on the regular would always get caught, because as slick as they thought they were, abnormalities would pop up in accounting, and now they were on watch.
And the computers would show proof over time of theft. The people who had the patience to steal every once in awhile, spacing it out every month or two, never tripped the sensors, and never got caught. Just like everywhere else, instant-gratification monkeys getting slaughtered, and patient, surgical tactitians walking home with the loot. The same goes for flash crashes. You got to space it out, over years, across multiple markets.
The Wikipidia page on Flash Crashes again does a good job of showing you how this has been done recently. I was watching CNBC it wasI was dumb when one of them occurred, and as it was hitting the bottom, somebody alerted Jim Cramer to it, and he immediately knew what to do. The video can be found hereat is where it gets good. It was blamed on a big sell order, forex market crash of jan 3, that tripped a bunch of algorithms blaming it on machines againas to why it fell.
No, it happened last month again! And Flash Crashes are way more interesting to me for those reasons. Tis all I can do. Deny this information at your own trading peril. Before anyone flips out for no good reason, read my disclaimer. I am one man, giving an opinion, nothing more. Skip to primary navigation Skip to main content Skip to primary sidebar Home About FAQ Videos Blog Podcast Disclaimer Contact Testimonials.
But for now, we need to understand how and why these things happen. This is just a rant, and a bit of education from your favorite contrarian. Good thing too… Make No Mistake A Flash Crash is a planned attack on the market, for immediate financial gain. It is never anything else, forex market crash of jan 3. More on this in a bit. Remember it.
So What Just Happened? in a matter of minutes. Seven percent, even in a week, is insanely rare for a major pair to rise or fall. But an hour?? What would cause such a move? Did China decide to move back to full-blown communism? Was there a junta, and the president got shot? Did an atomic bomb hit Beijing? Apple blamed Q4 losses on a slowing Chinese economy, which everyone already knew about.
I scoured the interwebs for reasons, and it all kept coming back to this. Both sources stated low liquidity levels for playing a part. Low Liquidity Levels Okay, understand this please. Periods of low liquidity happen every single day in the Forex market. During these times, freak news events have come out of nowhere. Seven freaking percent?? Only he can ruthlessly manipulate the JPY. Nailed it! Like this. Home About FAQ Videos Blog Podcast Disclaimer Contact Testimonials.
Market Update Jan 3 2019
, time: 3:03Three things caused the flash crash in forex market. What's next
The short answer to this question is Yes and No, Forex markets cannot crash in their entirety, but specific currencies can crash at any time. Crashes in the Forex markets are quite different from those in the stock markets in that Forex crashes usually affect a specific currency. For example, when the Swiss Central Bank unpegged the Swiss franc from the euro, the franc soared and took down other currencies in what is known as a flash crash 02/01/ · The dollar collapsed to as low as yen on Reuters dealing JPY=D3, a drop of percent from the opening and the lowest reading since March It was last trading around yen. Estimated Reading Time: 2 mins 03/01/ · Forex Markets have had another Flash Crash It has been a wild start to the day on forex markets, after what has been described as another flash crash. In early Asian trade, the JPY pairs all started crashing lower, with most down % over the course of a few minutes
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