We’re halfway through the last trading day of the week; let’s see how things are shaping up for the market players. Euro/Dollar has moved slowly up to trade point 18% in the green at noon. Turnover is low and sentiment of the traders is neutral, at a balance. Gradual rise has provided some chances for bulls, but the passive trading approach and the narrow price movement range are limiting factors. Pound/Dollar has traded slowly up by 51 pips and only a slight gain was posted at midday. The Cable sees less than half of the monthly average funds and neutral sentiment is 6% short. Both the passive trading and narrow price movement range suggest no major shifts in trading accounts are likely. There’s little to report on the Dollar/Yen as well – traded volume is extremely low and rate movement is flat. Sentiment of the traders is neutral, 1% short. No significant shifts in trading accounts are likely here as well. Pound/Yen’s rate movement is calm as well and traders have used 34% less than typical funds trading this pair. Neutral sentiment is 13% short. There have been only limited profit opportunities due to the passive trading approach and narrow price movement range. Euro/Yen has moved slowly up to trade point 24% in the green at noon. Traders have used a typical amount of funds trading this pair and most of them have been forecasting the pair to head South. Rise has brought risks, but the relatively flat rate movement should cushion losses. You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt.
We’re halfway through the last trading day of the week; let’s see how things are shaping up for the market players.
Euro/Dollar has moved slowly up to trade point 18% in the green at noon. Turnover is low and sentiment of the traders is neutral, at a balance. Gradual rise has provided some chances for bulls, but the passive trading approach and the narrow price movement range are limiting factors.
Pound/Dollar has traded slowly up by 51 pips and only a slight gain was posted at midday. The Cable sees less than half of the monthly average funds and neutral sentiment is 6% short. Both the passive trading and narrow price movement range suggest no major shifts in trading accounts are likely.
There’s little to report on the Dollar/Yen as well – traded volume is extremely low and rate movement is flat. Sentiment of the traders is neutral, 1% short. No significant shifts in trading accounts are likely here as well.
Pound/Yen’s rate movement is calm as well and traders have used 34% less than typical funds trading this pair. Neutral sentiment is 13% short. There have been only limited profit opportunities due to the passive trading approach and narrow price movement range.
Euro/Yen has moved slowly up to trade point 24% in the green at noon. Traders have used a typical amount of funds trading this pair and most of them have been forecasting the pair to head South. Rise has brought risks, but the relatively flat rate movement should cushion losses.
You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt.
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