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200pip spike on the cable

  1. Did anyone notice the huge spike on the cable today it jumped around 200pips on a 1 minute candle. And it dropped straight back down pretty quick.

    Does anyone know what would cause this?

    TIA
     
  2. Reaver or cabletrader may have farted.
     
  3. GBP/USD: Apparent "Miss-Hit" Creates Confusion
    Thursday, October 30, 2008 11:02:00 PM


    Sydney, October 31:

    Traders say that that a miss-hit in the GBP/USD around 1.6500 was partly behind

    a spike lower in the USD against a number of currencies. The EUR/USD jumped up

    to 1.2870 and the AUD/USD jumped to 0.6738 in the aftermath of the GBP/USD

    confusion. Traders suspect that there was a USD selling flow going through at

    the same time, but the unusual price action illustrates just how thin and jumpy

    the FX market is at present. The GBP/USD trades 1.6360/70. --

    John.Noonan@thomsonreuters.com


    https://news.oanda.com/mod_perl/new...n_id=a016e9175a00ba4e67468da35da75f6115b86c2d
     
  4. Nah, a fart would have caused a forex tsunami, a 200 pip spike was more likely just a burp....
     
  5. Agreed. :D