After the fix: Bomb cyclone edition
Let's see what happens to flows
We're through the London fix now and the euro-sellers have held the line at the 2017 high of 1.2092.
There were big bids in the euro, aussie and kiwi in the past hour leading into the London fix. The buying was relentless but if flows were the driver, then watch out for a turnaround here. If so, the technical sellers might jump on any euro weakness.
Last at 1.2075.
The other factor to watch is the huge storm that's bearing down on the US east coast. That could send some traders to the sidelines.