ZeroHedge now reporting the DXZO FLASH CRASH in the Dollar!

[Filthy Keynes]

http://www.zerohedge.com/article/dxy-flash-crash-detonates-entire-currency-complex


And now, for that Friday night bomb, when nuking stocks has a tad too much of a Waddell and Reed 'amateur hour' aftertaste, the only alternative - destroy the entire currency market. If this crash in the DXY (seen below) had happened during regular hours, apparently driven not by the dollar but by DXY component EUR (there was no comparable move in other USD pairs), it would have created a complete market collapse. Luckily it happened an hour after close. Weekend collapse averted. And a quick glance at the other pairs shows that the GBP and CHF were solidly impacted as well.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/DXZ%2010.22.jpg

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/EUR%20USD%2010.22.jpg

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/EUR%20CHF%2010.22.jpg

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/GBPCHF%2010.22_0.jpg

[General of Darkness]

FK is there a way to know how much FRN was bought or sold?

[Filthy Keynes]

FK is there a way to know how much FRN was bought or sold?


I have no idea. I'm keeping tabs on the ZeroHedge page and reading the TONS of comments.

And I thought having Pizza tonight was a treat! I wonder what the G20 fkers are having for breakfast over in Korea Saturday morning - fried paper probably.

http://travelerfolio.com/travelerfolio/photos/hungry_ghost_festival_burning_hell_bank_notes.jpg

http://2.bp.blogspot.com/_Cgkg7Ju_kac/SnOZZFrc1jI/AAAAAAAAB20/nXXMJQMzji8/s400/800px-Burning-money-and-yuanbao-at-the-cemetery-3249.JPG

[Mouse]

Gone in 11 seconds Bitchez!

[ShortJohnSilver]

Would this be a way to knock out some FX positions, causing them to be cancelled or exercised, with nothing to be done about it until Monday? I don't know enough about FX order execution to know.

Interesting however that this happened on the first weekend in which US positions were forcibly repatriated to US only brokerages.

e.g. read up on the recent CFTC changes (margin requirements are higher, plus all firms in FX markets have to put US citizens or residents' account back into US-side FX account) here: http://www.prlog.org/11015020-latest-cftc-and-nfa-restrictions-on-us-brokerages-and-solution.html

[SHTF2010]

so what does this mean for monday and the week leading into the nov elections

[1970 silver art]

It sounds to me like there was some "fat fingering" going on with the dollar. :D

[JDRock]

so what does this mean for monday and the week leading into the nov elections


good catch, they ALWAYS monkey around with this stuff before elections,and before votes on controversial bills....a shot across the bow to warn the goy who REALLY has the power.

[SHTF2010]

The Day the Earth Shook; China Dictates to G20
Saturday, October 23, 2010

http://www.thedailybell.com/1468/The-Day-the-Earth-Shook-China-Dictates-to-G20.html

[Neuro]

Strange the USDX went down to 74.5 from 77 level. But USD in relation to Euro, didn't move that much at all 1.3915 from 1.3950... Could it have been that the USDX was artificially manipulated down and this triggered buying of Euro through programmed trading?