This is the Midday Snapshot for Tuesday and here’s a closer look at the rate movements and trader performance. Euro/Dollar started moving higher after half past 5, and the total gain reached point 15% after 12 hours of trading. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 11% short. The uptrend makes success more likely for bulls.’ The Cable’s daily volatility of 59 pips was posted during a rise, but the pair actually stood point 18% in the red at noon. Trading has been typical in terms of volume, and long positions prevail by no less than 49%. Success was possible with good timing. Dollar/Yen shot up by 53 pips early in the session, and it stood point 23% in the green at midday. Traded volume is one third down from the monthly average, and traders’ sentiment is bullish at 19% long. Trading could be successful but, once again, timing was important. Pound/Yen was back at the opening level after walking in the total range of 78 pips. This pair sees half the usual amount of funding, and the neutral trader’s sentiment stands at 8% long. Both sides had their chances, but the low trading will probably limit any profits. And Euro/Yen has had a bullish session, as a gain of 70 pips left it point 38% in the green at midday. Trading has been somewhat slower than usual, and the sentiment is neutral at 11% long. Trading should be succesful for bulls, but losses are likely for bears. I’m Jack Everitt and this was the Midday Snapshot. Stay with us for the rest of the trading day.
This is the Midday Snapshot for Tuesday and here’s a closer look at the rate movements and trader performance.
Euro/Dollar started moving higher after half past 5, and the total gain reached point 15% after 12 hours of trading. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 11% short. The uptrend makes success more likely for bulls.’
The Cable’s daily volatility of 59 pips was posted during a rise, but the pair actually stood point 18% in the red at noon. Trading has been typical in terms of volume, and long positions prevail by no less than 49%. Success was possible with good timing.
Dollar/Yen shot up by 53 pips early in the session, and it stood point 23% in the green at midday. Traded volume is one third down from the monthly average, and traders’ sentiment is bullish at 19% long. Trading could be successful but, once again, timing was important.
Pound/Yen was back at the opening level after walking in the total range of 78 pips. This pair sees half the usual amount of funding, and the neutral trader’s sentiment stands at 8% long. Both sides had their chances, but the low trading will probably limit any profits.
And Euro/Yen has had a bullish session, as a gain of 70 pips left it point 38% in the green at midday. Trading has been somewhat slower than usual, and the sentiment is neutral at 11% long. Trading should be succesful for bulls, but losses are likely for bears.
I’m Jack Everitt and this was the Midday Snapshot. Stay with us for the rest of the trading day.
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