It`s noon GMT on this Wednesday so let`s have a look at the performance of the market players. Euro/Dollar has retreated back towards the 1 20 level and the pair stood point 38% in the red at noon. Turnover is high and sentiment of the market players is barely bullish as long positions are up by 15%. Bearish rate movement has brought risks for investors. Pound/Dollar declined by 53 pips after 6 AM and a loss of point 23% has been posted. The Cable sees a typical amount of funds and sentiment is neutral, 3% short. Bears saw their profit opportunities after the daily high was reached. Dollar/Yen has had a slow session – rate movement is flat and traded volume is extremely low. Most of the traders have been forecasting the pair to head lower, but the passive trading along with the narrow price movement range both are limiting factors. Pound/Yen has moved steeply lower hours into the session and decline puts the pair point 25% in the red. Traded volume is average and most of the traders have been forecasting the pair to increase. Late decline makes losses more likely. Euro/Yen has had a bearish day so far and a loss of point 41% has been posted. Turnover is low and sentiment of the traders is neutral, long positions are up by 9%. Trading should be successful for those who had short positions. I’m Jack Everitt and this wraps up the Midday Snapshot for Wednesday.
It`s noon GMT on this Wednesday so let`s have a look at the performance of the market players.
Euro/Dollar has retreated back towards the 1 20 level and the pair stood point 38% in the red at noon. Turnover is high and sentiment of the market players is barely bullish as long positions are up by 15%. Bearish rate movement has brought risks for investors.
Pound/Dollar declined by 53 pips after 6 AM and a loss of point 23% has been posted. The Cable sees a typical amount of funds and sentiment is neutral, 3% short. Bears saw their profit opportunities after the daily high was reached.
Dollar/Yen has had a slow session – rate movement is flat and traded volume is extremely low. Most of the traders have been forecasting the pair to head lower, but the passive trading along with the narrow price movement range both are limiting factors.
Pound/Yen has moved steeply lower hours into the session and decline puts the pair point 25% in the red. Traded volume is average and most of the traders have been forecasting the pair to increase. Late decline makes losses more likely.
Euro/Yen has had a bearish day so far and a loss of point 41% has been posted. Turnover is low and sentiment of the traders is neutral, long positions are up by 9%. Trading should be successful for those who had short positions.
I’m Jack Everitt and this wraps up the Midday Snapshot for Wednesday.
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