How the London Fix Shapes 6S Liquidity and Daily Price Flow
Every major currency future reacts to the London Fix, but CHF is one of the most sensitive. If you trade 6S Swiss Franc futures without tracking the fix window, you’re missing one of the biggest daily liquidity rotations — and you’ll constantly get blindsided by reversals, volume shifts, and stop hunts.
1. What the London Fix Actually Is
The London Fix (also called the “WM/Reuters 4pm fix”) is a daily benchmark rate used by global institutions for settling currency flows. Huge volumes are executed during this window.
For CHF, this is a major liquidity event because a large amount of global safe-haven capital is denominated in francs and rebalanced through London each day.
2. How the Fix Impacts 6S Liquidity
During the fix window, 6S experiences:
- spike in volume
- expansion in volatility
- sudden directional pushes
- unexpected reversals
Price often snaps in one direction right before the fix and reverses right after. If you don’t expect this, you’ll interpret it as random noise — it isn’t.
3. The Pre-Fix Trap Move
One of the most consistent 6S patterns:
A stop-hunt move right before the fix.
Typical sequence:
- 6S drifts toward a liquidity pool
- a sharp wick clears both sides of the range
- volume spikes
- direction reverses after the fix
This trap move is engineered by large flows needing liquidity. Retail traders simply get caught in the crossfire.
4. The Fix Often Sets the Bias for the U.S. Afternoon
After the fix completes, 6S often chooses its final direction for the remainder of the session. That’s because:
- big rebalancing flow is done
- institutional volume drops off
- market aligns with U.S. yield direction
It’s common to see 6S trend cleanly after the fix — even when the morning was messy.
5. How to Trade 6S Around the Fix
You do NOT want to trade into the fix. Instead:
- wait for the sweep
- let the fix pass
- trade the post-fix displacement
This is the cleanest 6S trade of the day because the fake liquidity games are done.
6. Correlation With JPY During Fix Hours
CHF and JPY often move together into and out of the fix. Watching JPY gives early hints about 6S direction after the fix.
This fits perfectly with your article on CHF vs JPY leadership.
Final Takeaway: The London Fix Is a Daily Reset for CHF Liquidity
6S Swiss Franc futures take their biggest intraday liquidity cue from the London Fix. Know when it happens. Expect the trap move. Trade the post-fix displacement — that’s where the cleanest setups form every single day.