Let’s find out how successful currency traders have been during the morning session on this week’s final trading day. Euro/Dollar rose by 72 pips after the daily low was hit and a gain of point 27% was posted by noon. Traders have used 40% more than typical funds trading this pair and neutral sentiment is 11% long. Late rise has provided profit opportunities for bullish market players. Pound/Dollar has been mostly trading sideways – high and low difference is just 55 pips. The Cable sees an average amount of funds and most of them have been driven by bullish expectations. There have been no significant profit opportunities due to the flat rate movement. Dollar/yen has been on a slide and the pair was point 7% in the red at 12 o’clock. Traded volume is average and sentiment is neutral, but long positions are up by 10%. Bearish rate movement makes a successful morning session more likely for those who had short positions. Pound/Yen has moved sharply lower as well and a loss of point 6% has been posted. Turnover is low and most of the funds have been driven by bearish expectations. The rate did go per those estimates and a more active approach would have increased profits. Euro/Yen has declined as well and the pair was point 44% in the red at midday. Trading has been passive, volume is extremely low and most of the traders have been in long positions. Steep slide has brought risks, but they should be minimized by the passive trading approach. I’m ____________ and that’s all for Friday’s Midday Snapshot. Goodbye for now.
Let’s find out how successful currency traders have been during the morning session on this week’s final trading day.
Euro/Dollar rose by 72 pips after the daily low was hit and a gain of point 27% was posted by noon. Traders have used 40% more than typical funds trading this pair and neutral sentiment is 11% long. Late rise has provided profit opportunities for bullish market players.
Pound/Dollar has been mostly trading sideways – high and low difference is just 55 pips. The Cable sees an average amount of funds and most of them have been driven by bullish expectations. There have been no significant profit opportunities due to the flat rate movement.
Dollar/yen has been on a slide and the pair was point 7% in the red at 12 o’clock. Traded volume is average and sentiment is neutral, but long positions are up by 10%. Bearish rate movement makes a successful morning session more likely for those who had short positions.
Pound/Yen has moved sharply lower as well and a loss of point 6% has been posted. Turnover is low and most of the funds have been driven by bearish expectations. The rate did go per those estimates and a more active approach would have increased profits.
Euro/Yen has declined as well and the pair was point 44% in the red at midday. Trading has been passive, volume is extremely low and most of the traders have been in long positions. Steep slide has brought risks, but they should be minimized by the passive trading approach.
I’m ____________ and that’s all for Friday’s Midday Snapshot. Goodbye for now.
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