Spike in USD Index around 12:00 Friday 20th?

[montmorencyt2w]

Spike in USD Index around 12:00 Friday 20th?

Both Interactive Investor and Tradefair charts show a massive spike in the USD Index for around 12:00 on the 1H chart for today, Friday 20th November 2009.

Doesn't seem to be reflected in the major pairs, except perhaps in the AUD/USD, although not to the same extent.

Thoughts anyone?

Thanks,

 

[dealer911]

fat finger or bad data not sure - ICE has cancelled USD index futures trades above USD 76.50

 

[montmorencyt2w]

fat finger or bad data not sure - ICE has cancelled USD index futures trades above USD 76.50

Cheers.

Meanwhile, Tradefair say they have checked and said that it is "correct", although they have no further information.

Thanks,

 

[arabianights]

it is correct in the sense it happened on the exchange but the trades have been busted

 

[dealer911]

it is correct in the sense it happened on the exchange but the trades have been busted

yes thats right.. so i would think spread betting companies would bust the trades too.

 

[montmorencyt2w]

yes thats right.. so i would think spread betting companies would bust the trades too.

I see that Tradefair have now amended their chart somewhat.
Still makes for an interesting pinbar though

 

[GammaJammer]

It's anoteh one that smells a bit frankly, a bit like the ZAR/JPY on TFX a few weeks ago. For sure there was a print, but this is happening too often now - that's like the 3rd or 4th time something like this has happened on exchange lately. Frankly I have my suspicions.......

 

[Rhody Trader]

It's anoteh one that smells a bit frankly, a bit like the ZAR/JPY on TFX a few weeks ago. For sure there was a print, but this is happening too often now - that's like the 3rd or 4th time something like this has happened on exchange lately. Frankly I have my suspicions.......

Wait! The exchanges are suspect? How's that for irony?

 

[GammaJammer]

it's, erm, ironic John, that's for sure.

or even MOronic depending on whether you had your TFX account ruined by margin calls on a ridiculous move in a barely traded currency pair on a Sunday night / Monday morning in Asia

 

[Rhody Trader]

I cannot help but giggle at how hyped up the media is about the dollar index, which is not far off from just looking at EUR/USD. Of course these are the same folks who describe forex as risky and volatile, so I really shouldn't be expecting much better.

 

[arabianights]

I see it as an opportunity.I'm gonna get me some DXI limits (this was second time in a week or a fortnight wasn't it?) and just sit at the ICE guaranteed not to be busted limits. Free money surely?