RE: Flash FX crash?3 Jan 2019 08:06
It was all FX's that were affected.
It is suspected some knew re Apple news in advance since end of Dec and have been unwinding the yen carry trade since then.
Once Apple news was released last night. and Futures opened, the 541t hit the fan and ALL currency pairs got affected.
https://imgur.com/a/26z8RQS
Look at UsdTry; it spike thousands of points in mins!! There's a 6500 pt diff b/w high and low!
Nothing to do with low liquidity as yday was a normal day and in any case FXs wld havebeen affected over Xmas had it been liquidity related. That said Japan have taken 3 days off!
Also, when an economy is in trouble, FXs are a leading indicator and will fall first, as is copper which has formed a H&S.
Also, China, Taiwan, Japan etc all economies in trouble and cracks showing...
This is a matter of days, maybe a week or two now but it's not going to be pretty....Apple has a lot ot answer for.
Oil next
That's me done :)