Anyone know what happened at this time today? I’m glad I was trading on a demo account. Stop loss was hit, so it was nothing more than a standard loss, but I would like to understand what happened. I didn’t see anything major in the news feed to cause this.
Extremely thin markets + Central Bank (SNB) jawboning across the newswires = spikey price action.
No confirmation on the CB yet crosshairs. They’ve been visible today but apparently no direct action so far.
Talk of it being simply being a rogue hit or spoofing.
Right.
Fund(s) maybe looking to cover & using the illiquid conditions to get their price.