The morning session is over on this Wednesday, so let’s see how things are shaping up for the market players. Euro/Dollar has been calmer than usual, the pair has walked in a total range of 45 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 11%. Both sides have seen some chances, but the narrow price movement range is the limiting factor. Pound/Dollar rose by 87 pips after 6 AM and a gain of point 23% was posted at noon. The Cable has attracted 27% less than typical funds and most of them have been driven by bearish expectations. A rise that lasted for hours after 6 AM makes losses more likely for investors. Dollar/Yen has had a slow session, rate movement is flat and the pair sees just half of the monthly average funds. Most of the traders have been forecasting the pair to head higher, but the passive trading along the narrow price movement range suggest no significant moves in funds are likely. Pound/Yen shot up by almost 100 pips, but a correction has canceled out some of the gains. Turnover is low and neutral sentiment of the traders is close to an even balance. Rise puts bullish market players in better positions so far. Euro/Yen spiked hours into the session, but it has been mostly calm. Traded volume is extremely low at 59% down from the monthly average. Traders have been forecasting the pair to head higher, sentiment is strongly bullish. No significant moves in trading accounts are likely due to the flat rate movement and passive trading approach. I’m Kiays Khalil and this was the Midday Snapshot for Wednesday.
The morning session is over on this Wednesday, so let’s see how things are shaping up for the market players.
Euro/Dollar has been calmer than usual, the pair has walked in a total range of 45 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 11%. Both sides have seen some chances, but the narrow price movement range is the limiting factor.
Pound/Dollar rose by 87 pips after 6 AM and a gain of point 23% was posted at noon. The Cable has attracted 27% less than typical funds and most of them have been driven by bearish expectations. A rise that lasted for hours after 6 AM makes losses more likely for investors.
Dollar/Yen has had a slow session, rate movement is flat and the pair sees just half of the monthly average funds. Most of the traders have been forecasting the pair to head higher, but the passive trading along the narrow price movement range suggest no significant moves in funds are likely.
Pound/Yen shot up by almost 100 pips, but a correction has canceled out some of the gains. Turnover is low and neutral sentiment of the traders is close to an even balance. Rise puts bullish market players in better positions so far.
Euro/Yen spiked hours into the session, but it has been mostly calm. Traded volume is extremely low at 59% down from the monthly average. Traders have been forecasting the pair to head higher, sentiment is strongly bullish. No significant moves in trading accounts are likely due to the flat rate movement and passive trading approach.
I’m Kiays Khalil and this was the Midday Snapshot for Wednesday.
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