USDCHF gap down

Discussion in 'Forex' started by irniger, Feb 20, 2009.

  1. irniger


    What's the reason for the 300 pips gap down? EURUSD also gapped up about 250 pips in a short time.

  2. It was not a gap but a rise in volatility. I don't know why. Fridays are typically crazy. Looks like EUR is set to continue its upmove.
  3. it was just a spike in volatility, the USD is still in a strong uptrend.
  4. These intraday forex turnarounds seemed to coincide with the Whitehouse statement about not planning to nationalize the big banks.