The HAWKISH FED is coinciding with a wave of demand from CORPORATE clients as month is here.

We suspect that this too shall pass and ultimately the USD will put in a base. We believe that event will coincide with the ECB turning hawkish and the market “fully pricing” the FED one more time.

This move is to be respected. Our ALGO has caught it by selling into this momentum.

It has now FLATTENED the position, sensing the same things we are.