We’re halfway through this week’s first trading day, so let’s see how things are shaping up in the forex markets. Euro/Dollar has been inching higher, and a gain of 40 pips left it point 29% in the green at midday. Trading, however, has been slower than usual, and the sentiment is neutral at 5% short. The uptrend makes success more likely for bulls. The Cable stood point 13% up from the opening level after walking in the total range of 55 pips. Traded volume is 66% up from the monthly average, and the neutral traders’ sentiment stands at 8% short. Success depends on timing as trend was shifting throughout the day. Dollar/Yen’s initial drop was followed by a gain of 43 pips, which left point 1% in the green after 12 hours of trading. This pair sees the usual amount of funding, and the sentiment is bullish as long positions are up by 22%. Success is likely for most traders. Pound/Yen’s daily volatility of 62 pips was posted during a rise, and the pair was point 23% up from the opening level at noon. Trading has been active, and the sentiment is neutral at 6% short. Success is more likely for bulls, although bears did have some chances. And Euro/Yen has been trending North for most of the session, gaining 66 pips. The total gain reached point 4% at 12 o’clock. This pair sees 30% less funding than usual, but the sentiment, much like the rate movement, indeed is bullish at 46% long. This has been a successful session for traders, but higher volume would have increased the profits. I’m Celeste Skinner and this was the Midday Snapshot for Monday. You may track the latest changes with the hourly updates.
We’re halfway through this week’s first trading day, so let’s see how things are shaping up in the forex markets.
Euro/Dollar has been inching higher, and a gain of 40 pips left it point 29% in the green at midday. Trading, however, has been slower than usual, and the sentiment is neutral at 5% short. The uptrend makes success more likely for bulls.
The Cable stood point 13% up from the opening level after walking in the total range of 55 pips. Traded volume is 66% up from the monthly average, and the neutral traders’ sentiment stands at 8% short. Success depends on timing as trend was shifting throughout the day.
Dollar/Yen’s initial drop was followed by a gain of 43 pips, which left point 1% in the green after 12 hours of trading. This pair sees the usual amount of funding, and the sentiment is bullish as long positions are up by 22%. Success is likely for most traders.
Pound/Yen’s daily volatility of 62 pips was posted during a rise, and the pair was point 23% up from the opening level at noon. Trading has been active, and the sentiment is neutral at 6% short. Success is more likely for bulls, although bears did have some chances.
And Euro/Yen has been trending North for most of the session, gaining 66 pips. The total gain reached point 4% at 12 o’clock. This pair sees 30% less funding than usual, but the sentiment, much like the rate movement, indeed is bullish at 46% long. This has been a successful session for traders, but higher volume would have increased the profits.
I’m Celeste Skinner and this was the Midday Snapshot for Monday. You may track the latest changes with the hourly updates.
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