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Fake AP White House Terror Tweet Does Real Damage To Many FX Traders

|Includes:KeyCorp (KEY), LYG, MCQEF, MNXBF, MNXBY, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN, RBS, RJF, RY, SAN, SCGLY, SCHW, STT, SWQGF, TD, TRAD, TRI, UBS, USB, WFC

Those trading equity indices using high leverage were closed out of positions on the way down.

AP fake terror tweetTuesday's trading produced one of the oddest one-day price charts for the Dow Jones and S&P500 indices ever seen (see below). At about 1:07 EDT (New York time) an AP tweet stated "Breaking: Two Explosions in the White House and Barack Obama is Injured." That tweet, coming from the official @AP Twitter account, sent US equity markets into a rapid tailspin, falling 1% almost instantly.

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But beyond being an interesting conversation piece, the flash-crash-and-recover did have a very real impact on Forex traders. For more details see LeapRate's Forex Industry News at leaprate.com/forex-industry-news/entry/f....

For more on the global FX market see the LeapRate Dow Jones Forex Industry Report.

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