Watch out for fixing flows into the top of the hour

We could see some big moves

There are two trades around fixing:

  1. Go with the move you see 10-15 minute before the fix
  2. Fade any outsized moves after the turn of the hour

There’s another option as well: Stay away from the market at quarter end but you’re here now so….

The theme so far today has been dollar selling.

For bank trade ideas, check out eFX Plus

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