NZD - whoa doggie...

Discussion in 'Forex' started by Ivanovich, Nov 7, 2005.

  1. Anyone have a clue as to what transpired on the NZD? My short AUD/NZD just went through the roof. I cashed out, but what the hell just happened?

    Only thing I know that moves like that is an unexpected rate hike.
  2. 200 pips in the span of 60 seconds.
  3. Looks like a datafeed error. Euro, kiwi and AUD/NZD cross all had massive spikes at about the same time, 1:45 pm EST. None of the EUR crosses I checked are affected.

    Anyone whose stop loss was triggered should call Oanda to have it undone. (An additional argument for not entering stop losses in any forex platform unless you are going to be away from your screens for hours.) If your target profit was filled, just keep quiet :p, although it may not stand anyway.
  4. Just spoke to Oanda. Yep, these were errors, which I'm told they are in the process of undoing. For anyone affected, no need to contact them, unless your particular stop loss is not undone as expected.
  5. Rats. Took profit. :(

    If they're in the process of fixing it, why is it STILL up there?

    Ok, now it's back down again. It seems to alter every 2 minutes.
  6. Yeah, I see it... that is strange. Euro got right back to normal, but not the 2 NZD pairs... aftershocks?

    Also, from past experience, I don't believe they will retroactively correct the charts in cases like this, only actual bad trades.