The morning session is over on this Friday, and it’s time to look back at the rate movements. Euro/Dollar started moving lower after half past 4 in the morning, and the total loss reached point 21% by noon. Traded volume is in line with the monthly average, and the sentiment is neutral at 11% long. Bears have been in better positions so far. The Cable was point 11% up from the opening level after walking in the total range of 43 pips, but trading has been slow at half the usual volume. As to the sentiment, it is strongly bullish as long positions are up by 52%. And, indeed, success is likely, although more funding would have increased it. Dollar/Yen dropped by 57 pips after 3 AM and, although it did recover, it still stood a fraction in the red at noon. This pair sees the usual amount of funding, and the sentiment is neutral at 3% long. The overall trend has been slightly more favourable for bears. Pound/Yen managed to bounce back from its initial drop of 79 pips, and it stood at the opening level at midday. Once again, trading has been average in terms of funding, and the neutral trader’s sentiment stands at 3% long. Both sides had their chances, albeit at different times. Euro/Yen’s daily volatility of 75 pips was posted during a decline, and the pair stood point 29% in the red at 12 o’clock. Trading has been much slower than usual, and the sentiment is neutral as both sides are almost at a balance. Success is more likely for bears, but it will probably be limited by the slow trading. I’m Celeste Skinner and this was the Midday Snapshot for Friday. You may track the latest changes with the hourly updates.
The morning session is over on this Friday, and it’s time to look back at the rate movements.
Euro/Dollar started moving lower after half past 4 in the morning, and the total loss reached point 21% by noon. Traded volume is in line with the monthly average, and the sentiment is neutral at 11% long. Bears have been in better positions so far.
The Cable was point 11% up from the opening level after walking in the total range of 43 pips, but trading has been slow at half the usual volume. As to the sentiment, it is strongly bullish as long positions are up by 52%. And, indeed, success is likely, although more funding would have increased it.
Dollar/Yen dropped by 57 pips after 3 AM and, although it did recover, it still stood a fraction in the red at noon. This pair sees the usual amount of funding, and the sentiment is neutral at 3% long. The overall trend has been slightly more favourable for bears.
Pound/Yen managed to bounce back from its initial drop of 79 pips, and it stood at the opening level at midday. Once again, trading has been average in terms of funding, and the neutral trader’s sentiment stands at 3% long. Both sides had their chances, albeit at different times.
Euro/Yen’s daily volatility of 75 pips was posted during a decline, and the pair stood point 29% in the red at 12 o’clock. Trading has been much slower than usual, and the sentiment is neutral as both sides are almost at a balance. Success is more likely for bears, but it will probably be limited by the slow trading.
I’m Celeste Skinner and this was the Midday Snapshot for Friday. You may track the latest changes with the hourly updates.
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