The morning session is over on this Friday; let’s look back at rate FX movements and trader expectations. Euro/Dollar’s day has been relatively slow as the pair has traded in a total range of 40 pips, while attracting 30% less than typical funds. Neutral sentiment of the traders is 3% short. No significant moves in funds are likely due to the narrow price movement range and the passive trading approach. Pound/Dollar shows a similar picture, the pair has walked in a narrow range and it sees less than half of the monthly average funds. Neutral sentiment of the traders is almost at an even balance. No major profits or losses are likely here as well. Dollar/Yen has shifted slightly lower and the pair has attracted an average amount of funds. Sentiment of the market players is neutral, long positions are up by just 2%. A couple of declines put bearish market players in slightly better positions. Pound/Yen has been trending lower and decline has resulted in a loss of point 2%. Turnover is low and most of the funds have been driven by bullish expectations. Gradual decline has brought some risks, but the slow trading approach should help to cushion losses. Euro/Yen shifted South by 55 pips to trade point 34% in the red at 12 o’clock. Turnover is low and most of the traders have been in long positions. Decline makes losses more likely, but the low amount of funds involved means losses shouldn’t be significant. So that’s how things look so far on this week’s final trading day. Bye for now.
The morning session is over on this Friday; let’s look back at rate FX movements and trader expectations.
Euro/Dollar’s day has been relatively slow as the pair has traded in a total range of 40 pips, while attracting 30% less than typical funds. Neutral sentiment of the traders is 3% short. No significant moves in funds are likely due to the narrow price movement range and the passive trading approach.
Pound/Dollar shows a similar picture, the pair has walked in a narrow range and it sees less than half of the monthly average funds. Neutral sentiment of the traders is almost at an even balance. No major profits or losses are likely here as well.
Dollar/Yen has shifted slightly lower and the pair has attracted an average amount of funds. Sentiment of the market players is neutral, long positions are up by just 2%. A couple of declines put bearish market players in slightly better positions.
Pound/Yen has been trending lower and decline has resulted in a loss of point 2%. Turnover is low and most of the funds have been driven by bullish expectations. Gradual decline has brought some risks, but the slow trading approach should help to cushion losses.
Euro/Yen shifted South by 55 pips to trade point 34% in the red at 12 o’clock. Turnover is low and most of the traders have been in long positions. Decline makes losses more likely, but the low amount of funds involved means losses shouldn’t be significant.
So that’s how things look so far on this week’s final trading day. Bye for now.
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