We are at the midpoint of this Tuesday so let`s see how it has been shaping up for the currency traders. I`m Ben Jones bringing you this Midday Snapshot. Euro/Dollar rose by 41 pips early in the day and it was point 25% in the green at 12 o`clock. Traded volume is low and the sentiment is neutral, 8% short. Bulls had their chances early in the session, but moves in funds should be limited by the generally slow trading. Pound/Dollar has been mostly trending North and a gain of point 15% was recorded at noon. The Cable sees less than half of the monthly average funds and the sentiment is neutral, 2% short. The gradual rise makes profits more likely for bulls, but moves in funds should be limited by the passive trading. Dollar/Yen has moved sharply lower in a couple of waves and the pair was point 28% in the red at midday. Turnover is 54% up from the monthly average and the sentiment is neutral, close to a balance. Declines suggest a successful morning session is more likely for bears. Pound/Yen’s trend has been shifting and the pair was point 13% down from the opening level after 12 hours of trading. Market players have used 41% less than average funds trading this pair and the sentiment is strongly bullish, 47% long. Traders have seen their chances and risks, but moves in funds should be limited by the calm trading. Euro/Yen was only point 11% in the red at noon after walking in a total range of 63 pips. Total value of the deals is 29% down from the monthly average and the sentiment is neutral, 12% short. Success depends on the timing of the trades, but the generally slow trading should limit both profits and losses. This is how traders have performed so far on Tuesday. Check back for the hourly updates to access the most up-to-date stats throughout the day.
We are at the midpoint of this Tuesday so let`s see how it has been shaping up for the currency traders. I`m Ben Jones bringing you this Midday Snapshot.
Euro/Dollar rose by 41 pips early in the day and it was point 25% in the green at 12 o`clock. Traded volume is low and the sentiment is neutral, 8% short. Bulls had their chances early in the session, but moves in funds should be limited by the generally slow trading.
Pound/Dollar has been mostly trending North and a gain of point 15% was recorded at noon. The Cable sees less than half of the monthly average funds and the sentiment is neutral, 2% short. The gradual rise makes profits more likely for bulls, but moves in funds should be limited by the passive trading.
Dollar/Yen has moved sharply lower in a couple of waves and the pair was point 28% in the red at midday. Turnover is 54% up from the monthly average and the sentiment is neutral, close to a balance. Declines suggest a successful morning session is more likely for bears.
Pound/Yen’s trend has been shifting and the pair was point 13% down from the opening level after 12 hours of trading. Market players have used 41% less than average funds trading this pair and the sentiment is strongly bullish, 47% long. Traders have seen their chances and risks, but moves in funds should be limited by the calm trading.
Euro/Yen was only point 11% in the red at noon after walking in a total range of 63 pips. Total value of the deals is 29% down from the monthly average and the sentiment is neutral, 12% short. Success depends on the timing of the trades, but the generally slow trading should limit both profits and losses.
This is how traders have performed so far on Tuesday. Check back for the hourly updates to access the most up-to-date stats throughout the day.
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