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Keep an eye on the London Fix

A heads up this week for the London Fixes

Liquidity is light this week so events like the London Fix come in to play a bit more this week, especially with the year end wind down in effect also

It could mean that it won't take much to push prices around over the fix at 16.00 GMT. If you see the prices start to muck around anywhere from 5 minutes before until around 5 minutes after then it's likely to be fix related

If you're so inclined, then watching for any large moves that counter whatever the intraday trend has been, might bring a fade opportunity. For example, if EURUSD suddenly dropped from 1.0900 to 1.0850, but there was little action elsewhere, then that might be a fix move to counter trade. Personally I wouldn't look to after anything less than a 40-50+ pip move

Be warned though that liquidity will evaporate further once Europe/UK closes so you may have a task to see the price return from whence it came

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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