Bradley Gilbert
Traders4Traders
It could be a pretty loose session in London today as Month end fixing collides with Year End Fixing in Australia. We could see some pretty loose price action around 4pm London when the majority of fixings are set.
So if you do see something odd don’t fall off your chair, it’s just the fixing requirements. It’s usually best not to trade aggressively around the fix as pricing can become very random.
Outside of that I still favour upside moves in AUD, NZD, EUR and GBP for that matter. They are all stretched and the market is clearly short across the board.
With no major data due i think we’ll see the start of a good short squeeze to the topside.
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