Once again we saw an example this morning of some very unsavoury stop-loss hunting in early morning New Zealand markets. With Sydney on a public holiday, someone with an obvious interest in getting the EUR/GBP market trading above .8750 managed to gap prices 50 pips higher in a matter of minutes.
If there were one thing I would love to see wiped out of the FX market it would be this unprofessional stop-loss hunting by market participants too useless to make an honest profit so they revert to this immoral behaviour.
