A big bank flow report that USD flows were still net positive last week. The biggest seller by clients was the Aussie and the only client group not selling the kangaroo were corporate customers. Volumes were said to be below the normal average week ahead of the FOMC meeting on Wednesday.
Wednesday might be the day to “Hoover” up some good positions
I can’t help thinking that this Wednesday is going to blow the dam wide open on price moves.
