As money flows make up their mind during the quarter-end tango of sector and asset re-allocations of portfolios, we witness a classic USD sell-off, resulting from falling real-yields as bond yields drop lower and inflation breakeven rateshold firm. This is pushing metals across the board, with silver and gold at the top, closely followed by AUD, while CAD abnd JPY lag. Meanwhile, oil bears and CAD bears are closely watching US crude's 100-DMA at 38.80s. Last week we heard from 14 different Federal Reserve speakers last week and together they paint a coherent picture of what's coming – and what isn't coming – next. CFTC positioning data showed a rebound in EUR longs. Last week's Premium long in GBPNZD hit its final target of 1.9680 for 270-pip gain. Earlier today, a new Premium trade was opened and is currently 250-pt in the green.