It’s 12 PM GMT on this Thursday, so let’s take a closer look at rate movements and trader performance. Euro/Dollar rose after the daily low was reached and a gain of point 33% has been posted. Turnover is high and sentiment of the traders is neutral, 1% short. Bulls had some solid profit opportunities as the pair started heading higher after 6 o’clock in the morning. Pound/Dollar’s drop was followed by a rise and only a slight gain was recorded at midday. The Cable sees a typical amount of funds and most of them have been driven by bearish expectations. Success depends on the timing of the trades as the trend has shifted. Dollar/Yen has been relatively calm – high and low difference is 36 pips and traded volume is extremely low. Most of the market players have been forecasting the pair to head higher. Both the narrow price movement range and slow trading suggest no major moves in funds are likely. Pound/Yen has seen its trend change and the pair stood point 15% in the green at noon. Turnover is high and sentiment of the traders is bearish, short positions are up by 23%. Traders have seen both chances and risks as a single trend hasn’t formed. Euro/Yen rose sharply and rise puts the pair point 4% up from the opening level at midday. Traded volume is high and sentiment of the traders is strongly bullish, long positions dominate by 49%. Steep rise makes a successful morning session very much likely for investors. I’m Celeste Skinner and that’s all for Thursday’s Midday Snapshot, but do stay tuned for the hourly updates.
It’s 12 PM GMT on this Thursday, so let’s take a closer look at rate movements and trader performance.
Euro/Dollar rose after the daily low was reached and a gain of point 33% has been posted. Turnover is high and sentiment of the traders is neutral, 1% short. Bulls had some solid profit opportunities as the pair started heading higher after 6 o’clock in the morning.
Pound/Dollar’s drop was followed by a rise and only a slight gain was recorded at midday. The Cable sees a typical amount of funds and most of them have been driven by bearish expectations. Success depends on the timing of the trades as the trend has shifted.
Dollar/Yen has been relatively calm – high and low difference is 36 pips and traded volume is extremely low. Most of the market players have been forecasting the pair to head higher. Both the narrow price movement range and slow trading suggest no major moves in funds are likely.
Pound/Yen has seen its trend change and the pair stood point 15% in the green at noon. Turnover is high and sentiment of the traders is bearish, short positions are up by 23%. Traders have seen both chances and risks as a single trend hasn’t formed.
Euro/Yen rose sharply and rise puts the pair point 4% up from the opening level at midday. Traded volume is high and sentiment of the traders is strongly bullish, long positions dominate by 49%. Steep rise makes a successful morning session very much likely for investors.
I’m Celeste Skinner and that’s all for Thursday’s Midday Snapshot, but do stay tuned for the hourly updates.
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