It’s 12 PM GMT on this Friday, so let’s look back at the morning session with the Midday Snapshot. Euro/Dollar has moved gradually lower by a total of just 29 pips to trade slightly in the red at noon. This pair sees less than half of the monthly average funds and most of them have been driven by bearish expectations. Traders have seen some chances, but no huge profits are likely due to the passive trading and flat rate movement. Pound/Dollar rose in a couple of waves and the biggest increase measures at 58 pips. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 14%. Bulls have been in slightly better positions, but no major moves in trading accounts are likely here as well. Dollar/Yen has had a slow session as well, high and low difference is just 26 pips and traded volume is extremely low. Most of the traders have been forecasting the pair to head higher. Gradual rise has provided traders with some chances, but profit potential hasn’t been significant. Pound/Yen rose by a total of 72 pips and the pair stood point 36% in the green at midday. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, but 14% short. Rises have brought chances for bulls, but the passive trading is what should keep any changes in funds at bay. Euro/Yen’s rate movement is flat as a pancake, but traders have used 38% more than typical funds trading this calm instrument. Sentiment of the market players is neutral, short positions are up by 9%. Rate movement range of only 21 pips is a sign that both profits and losses should be minimal. You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt.
It’s 12 PM GMT on this Friday, so let’s look back at the morning session with the Midday Snapshot.
Euro/Dollar has moved gradually lower by a total of just 29 pips to trade slightly in the red at noon. This pair sees less than half of the monthly average funds and most of them have been driven by bearish expectations. Traders have seen some chances, but no huge profits are likely due to the passive trading and flat rate movement.
Pound/Dollar rose in a couple of waves and the biggest increase measures at 58 pips. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 14%. Bulls have been in slightly better positions, but no major moves in trading accounts are likely here as well.
Dollar/Yen has had a slow session as well, high and low difference is just 26 pips and traded volume is extremely low. Most of the traders have been forecasting the pair to head higher. Gradual rise has provided traders with some chances, but profit potential hasn’t been significant.
Pound/Yen rose by a total of 72 pips and the pair stood point 36% in the green at midday. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, but 14% short. Rises have brought chances for bulls, but the passive trading is what should keep any changes in funds at bay.
Euro/Yen’s rate movement is flat as a pancake, but traders have used 38% more than typical funds trading this calm instrument. Sentiment of the market players is neutral, short positions are up by 9%. Rate movement range of only 21 pips is a sign that both profits and losses should be minimal.
You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt.
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