We’re halfway through this week’s first trading day, and it’s time for the Midday Snapshot. Euro/Dollar was back at the opening level after walking in the total range of 43 pips. Traded volume is less than half of the monthly average, and the neutral trader’s sentiment stands almost at a balance. The limited volatility and low volume make any shifts in funds unlikely. The Cable started moving higher after 7 o’clock, and a gain of 106 pips left it point 1% in the green at noon. Trading has been slower than usual, but most traders had actually anticipated a rise, as bullish positions prevail by 19%. Trading should be successful if traders managed to avoid the initial decline. Dollar/Yen’s daily volatility reaches 41 pips, but it stood just a fraction in the green at 12 o’clock. This pair sees 45% less funding than usual, and the sentiment is neutral at 9% long. Once again, any shifts in funds will probably be limited by the narrow rate movement and low funding. Pound/Yen is another Pound pair that has seen a bullish start of the week, and it stood point 12% up from the opening level at midday. For once, trading has been average in terms of volume, and, much like the rate movement, the sentiment indeed is bullish at 41% long. Success is likely, although timing did matter. And Euro/Yen was back near the opening level after 12 hours of trading, having posted very limited volatility. Traded volume is close to this pair’s usual amount, and the bullish trader’s sentiment stands at 38% long. A single trend has not formed so far, and both sides had some chances. I’m Kiays Khalil and this was the Midday Snapshot for Monday. We’ll be providing you with the latest data on an hourly basis, so stay tuned.
We’re halfway through this week’s first trading day, and it’s time for the Midday Snapshot.
Euro/Dollar was back at the opening level after walking in the total range of 43 pips. Traded volume is less than half of the monthly average, and the neutral trader’s sentiment stands almost at a balance. The limited volatility and low volume make any shifts in funds unlikely.
The Cable started moving higher after 7 o’clock, and a gain of 106 pips left it point 1% in the green at noon. Trading has been slower than usual, but most traders had actually anticipated a rise, as bullish positions prevail by 19%. Trading should be successful if traders managed to avoid the initial decline.
Dollar/Yen’s daily volatility reaches 41 pips, but it stood just a fraction in the green at 12 o’clock. This pair sees 45% less funding than usual, and the sentiment is neutral at 9% long. Once again, any shifts in funds will probably be limited by the narrow rate movement and low funding.
Pound/Yen is another Pound pair that has seen a bullish start of the week, and it stood point 12% up from the opening level at midday. For once, trading has been average in terms of volume, and, much like the rate movement, the sentiment indeed is bullish at 41% long. Success is likely, although timing did matter.
And Euro/Yen was back near the opening level after 12 hours of trading, having posted very limited volatility. Traded volume is close to this pair’s usual amount, and the bullish trader’s sentiment stands at 38% long. A single trend has not formed so far, and both sides had some chances.
I’m Kiays Khalil and this was the Midday Snapshot for Monday. We’ll be providing you with the latest data on an hourly basis, so stay tuned.
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