Find out how successful morning session has been for market players on the first trading day of October. I`m Doireann McDermott. Euro/Dollar has been moving lower today and a loss of point 26% was recorded at noon. Traded volume is average and the sentiment is bullish, long positions are in the lead by 16%. Rate has been moving South, making losses more likely for market players. Pound/Dollar declined by a total of 59 pips, but most of the loss was recovered as the rate rose from the daily low. The Cable has attracted 28% less than usual funds and the neutral sentiment is 3% long. A single trend hasn’t formed and success depends on the time when the trades were executed. Dollar/Yen surged to the 110 level for the first time since 2008 just shortly after midnight, but some of the gains were given up later. Traded volume is high and the sentiment is strongly bullish, long positions dominate by 46%. Early hours should be successful, but the following pull back brought some risks as well. Pound/Yen dropped by a total of 61 pips, but all of the loss was cancelled out by noon. This pair sees less than half of the monthly average funds and the sentiment is bullish, 30% long. Trading should be successful if it was done after the daily low was reached. Euro/Yen’s decline was followed by a rise and only a slight loss was seen at midday. Traded volume is extremely low and the sentiment is neutral, just 3% short. Both sides have seen their chances, but moves in funds should be limited by the slow trading. That’s it for Wednesday’s Midday Snapshot, but we`ll be updating these stats on an hourly basis, so stay tuned.
Find out how successful morning session has been for market players on the first trading day of October. I`m Doireann McDermott.
Euro/Dollar has been moving lower today and a loss of point 26% was recorded at noon. Traded volume is average and the sentiment is bullish, long positions are in the lead by 16%. Rate has been moving South, making losses more likely for market players.
Pound/Dollar declined by a total of 59 pips, but most of the loss was recovered as the rate rose from the daily low. The Cable has attracted 28% less than usual funds and the neutral sentiment is 3% long. A single trend hasn’t formed and success depends on the time when the trades were executed.
Dollar/Yen surged to the 110 level for the first time since 2008 just shortly after midnight, but some of the gains were given up later. Traded volume is high and the sentiment is strongly bullish, long positions dominate by 46%. Early hours should be successful, but the following pull back brought some risks as well.
Pound/Yen dropped by a total of 61 pips, but all of the loss was cancelled out by noon. This pair sees less than half of the monthly average funds and the sentiment is bullish, 30% long. Trading should be successful if it was done after the daily low was reached.
Euro/Yen’s decline was followed by a rise and only a slight loss was seen at midday. Traded volume is extremely low and the sentiment is neutral, just 3% short. Both sides have seen their chances, but moves in funds should be limited by the slow trading.
That’s it for Wednesday’s Midday Snapshot, but we`ll be updating these stats on an hourly basis, so stay tuned.
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