The morning session is over on this Wednesday. Let’s look back at the rate movements and trader performance. Euro/Dollar was back near the opening level after walking in the total range of 29 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 7% long. Any profits or losses will probably be limited by the narrow rate movement. The Cable’s initial decline was followed by a gain of 50 pips, which left it a fraction in the green at midday. Traded volume is 40% down from this pair’s usual amount, and the sentiment is bullish at 19% long. Trading could be successful if it was done in the second half of the session. Dollar/Yen is on the rise, and a gain of 68 pips left it point 46% up from the opening level at noon. Traded volume is in line with the monthly average, and the sentiment is neutral at 7% short. Bulls have been in much better positions so far. Pound/Yen started moving higher after 3 AM, gaining 113 pips. The total increase reached point 52% at midday. Traded volume is close to this pair’s usual amount, but most traders had anticipated a decline, as short positions are up by 20%. Losses are quite likely, as rate went in the opposite direction for most of the session. And Euro/Yen is another bullish Yen pair; a gain of 65 pips left it point 38% in the green at noon. Trading has been active, and the sentiment, much like the rate movement, indeed is bullish at 18% long. Success is very likely, and it will be increased by the active trading. So that’s how things look so far. I’m Celeste Skinner and we’ll be updating these stats on an hourly basis. Stay tuned.
The morning session is over on this Wednesday. Let’s look back at the rate movements and trader performance.
Euro/Dollar was back near the opening level after walking in the total range of 29 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 7% long. Any profits or losses will probably be limited by the narrow rate movement.
The Cable’s initial decline was followed by a gain of 50 pips, which left it a fraction in the green at midday. Traded volume is 40% down from this pair’s usual amount, and the sentiment is bullish at 19% long. Trading could be successful if it was done in the second half of the session.
Dollar/Yen is on the rise, and a gain of 68 pips left it point 46% up from the opening level at noon. Traded volume is in line with the monthly average, and the sentiment is neutral at 7% short. Bulls have been in much better positions so far.
Pound/Yen started moving higher after 3 AM, gaining 113 pips. The total increase reached point 52% at midday. Traded volume is close to this pair’s usual amount, but most traders had anticipated a decline, as short positions are up by 20%. Losses are quite likely, as rate went in the opposite direction for most of the session.
And Euro/Yen is another bullish Yen pair; a gain of 65 pips left it point 38% in the green at noon. Trading has been active, and the sentiment, much like the rate movement, indeed is bullish at 18% long. Success is very likely, and it will be increased by the active trading.
So that’s how things look so far. I’m Celeste Skinner and we’ll be updating these stats on an hourly basis. Stay tuned.
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