Weird AUDCHF surge? (7th Aug 2009 13:00)

Does anyone have any idea why this and many other pair surged
on Friday 7th Aug?

I got caught onthe wronng side of this move (-£400!) and have since been
trying to analyse to figure out what went wrong.
However I can't find any reason and my tradeplan was perfect.
There was no AUD/CHF related news to drive this rally,
and many other CHF crosses also surged (even the CHF JPY!).

This move is baffling me and need to find an answer so I can be aware of the potential.
I hope somebody has some explanation.

The only thing I heard was that it was some big leveraged flow in $/CHF... You may wanna ask GJ if he's seen anything.

thanks Martinghoul.

btw, who is GJ? ..or what thread does he live on?

asht2w said:

thanks Martinghoul.

btw, who is GJ? ..or what thread does he live on?

Click to expand...

GammaJammer is his name... He da man! He's the master of FX, with his hand on the pulse.

He is single handedly responsible for movement -directly or indirectly- in the FX market and frequently lunches with Obama... or so I'm told.