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Watch the FX fixes at the top of the hour
Month end puts added focus on the fix There is talk of US dollar selling on rebalancing into the fix at the top of the hour. With week and month-end both today, the risks are higher than usual. Update: Right on queue, cable is at the highs of the day at 1.5450. It breaks above an intraday double-top but we're wary of chasing this, at least until after the fix.
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- Vermillion
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