Traders still have some positioning to do

Some London fix moves going through as it’s the first one of the year.

  • USDCAD drops to test 1.2501
  • GBPUSD zooms up to 1.3585
  • EURUSD recovers to 1.2050 from 1.2025

Expect a couple opf days of this before things settle down.

I’ve lifted USDCAD at 1.2704 on this move.

Ryan Littlestone

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