USD bid into the London fix fades

Trading around year end is a minefield but if you're going to do it, I believe the trade is to fade flows. The timing isn't always easy but today the US dollar surged into the London fix London fix The London fix is a set time of day at which foreign exchange market makers, including banks and other large financial institutions, agree on the price of a particular currency pair. This price is then used to trade the currency pair between market makers and other clients, and is intended to provide a fair and consistent price for the currency pair. The London fix is at 4 pm in London, which is typically 11 am in New York but that can vary depending on daylight savings time schedules. At times, The London fix is a set time of day at which foreign exchange market makers, including banks and other large financial institutions, agree on the price of a particular currency pair. This price is then used to trade the currency pair between market makers and other clients, and is intended to provide a fair and consistent price for the currency pair. The London fix is at 4 pm in London, which is typically 11 am in New York but that can vary depending on daylight savings time schedules. At times, Read this Term and now it has given it all back.