Morning session is over on this week’s last trading day, so let’s find out how it has been shaping up for the currency traders. Euro/Dollar rose slightly early on, but a following decline puts the pair point 14% in the red. Traded volume is average and neutral sentiment of the traders is at an even balance. Both sides have had their chances, but the generally narrow price movement range is the limiting factor. Pound/Dollar retreated from the high of 1 2650 and it was point 25% up from the opening level at noon. The Cable sees just half of the monthly average funds and most of the market players have been forecasting the rate to move lower. Traders saw some chances after the daily high was reached. Dollar/Yen has traded in a relatively narrow range of 57 pips, but traded volume is average. Sentiment of the market players is neutral, short positions are up by 10%. Rate movement has been relatively flat, suggest no major changes in funds are likely. Pound/Yen rose sharply to hit the high of 144 25, but a following decline wiped out most of the gains. Turnover is high and sentiment of the traders is neutral, short positions are up by just 5%. Changing trend has provided both sides with their profit opportunities. Euro/Yen dropped after hitting the high of 121 89 and a slight loss was posted at 12 o’clock. This pair sees a typical amount of funds and sentiment of the market players is neutral, 3% long. Success depends on the timing of the trades as a single trend hasn’t formed. I’m Jack Everitt and this was the Midday Snapshot for Friday. As usual, we’ll be updating these stats on an hourly basis, so stay tuned.
Morning session is over on this week’s last trading day, so let’s find out how it has been shaping up for the currency traders.
Euro/Dollar rose slightly early on, but a following decline puts the pair point 14% in the red. Traded volume is average and neutral sentiment of the traders is at an even balance. Both sides have had their chances, but the generally narrow price movement range is the limiting factor.
Pound/Dollar retreated from the high of 1 2650 and it was point 25% up from the opening level at noon. The Cable sees just half of the monthly average funds and most of the market players have been forecasting the rate to move lower. Traders saw some chances after the daily high was reached.
Dollar/Yen has traded in a relatively narrow range of 57 pips, but traded volume is average. Sentiment of the market players is neutral, short positions are up by 10%. Rate movement has been relatively flat, suggest no major changes in funds are likely.
Pound/Yen rose sharply to hit the high of 144 25, but a following decline wiped out most of the gains. Turnover is high and sentiment of the traders is neutral, short positions are up by just 5%. Changing trend has provided both sides with their profit opportunities.
Euro/Yen dropped after hitting the high of 121 89 and a slight loss was posted at 12 o’clock. This pair sees a typical amount of funds and sentiment of the market players is neutral, 3% long. Success depends on the timing of the trades as a single trend hasn’t formed.
I’m Jack Everitt and this was the Midday Snapshot for Friday. As usual, we’ll be updating these stats on an hourly basis, so stay tuned.
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