The Greek/
PIIGS debt crisis or default crisis that was brewing in the markets prior to the 6
th May 2010 'flash crash' (that from all reports occurred on panic High Frequency Trading sells via a possible sovereign default in Greece) a single date comes to mind;15
th April 2010, when the EUR (Euro) had just stated to slide. The high for that day was 1.36 and it closed @1.35, the EUR was then punished for 36 days of selling when it reached the low of 1.18 on the 6
th June 2010
The EUR hedge fund sells started on the date of the 15
th April 2010 (EUR @1.36), exacerbated by the 6/05/2010 flash crash
Are we seeing a repeat of history here, that may set off some flash selling and or flash crash. Maybe?
We will wait and see if the EUR hits 1.36 (chart below current price @1.39)
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