For days, all the models from the custody banks and other shave predicted EUR/USD selling based on relative asset market performance across the MSCI indexes. With five minutes to go, it looks as if the models have not done a good job of predicting the flows this month.
Latest rumors are that the market has flipped and now needs to buy several hundred million EUR/USD at the upcoming fixing…Price action suggest otherwise, however as prices ease headed into 15:00 …
