The morning session is over on this Wednesday. Let’s see how things are shaping up for the market players. Euro/Dollar has had another slow day, and the rate was point 15% down from the opening level after 12 hours of trading. Volume is low, and the sentiment is neutral at 3% short. Markets have been calm, so huge shifts in funds are unlikely. The Cable started moving lower after 4 o’clock in the morning, and a loss of 79 pips left it point 39% in the red at noon. Trading has been typical in terms of volume, and the neutral trader’s sentiment stands at 10% long. Bears have been in better positions so far. Dollar/Yen’s daily volatility of 55 pips was posted during a decline, and the pair was point 26% in the red at midday. Traded volume is close to this pair’s usual amount, whereas the sentiment is neutral at 3% short. Once again, this has been a better day for bears. Pound/Yen has been trending lower for most of the session, and the total loss reached point 66% at 12 o’clock. Trading has been active, but most traders had anticipated a rise, as long positions are up by 33%. Losses are likely, and the high volume will make them worse. And Euro/Yen has also seen a decline, as it was point 42% in the red at midday. This pair sees the usual amount of funding, and the sentiment, unlike the rate movement, is strongly bullish at 48% long. Traders did face risks as the rate did not go with their estimates. I’m Kiays Khalil and this was the Midday Snapshot for Wednesday. Check back in throughout the day for the latest updates.
The morning session is over on this Wednesday. Let’s see how things are shaping up for the market players.
Euro/Dollar has had another slow day, and the rate was point 15% down from the opening level after 12 hours of trading. Volume is low, and the sentiment is neutral at 3% short. Markets have been calm, so huge shifts in funds are unlikely.
The Cable started moving lower after 4 o’clock in the morning, and a loss of 79 pips left it point 39% in the red at noon. Trading has been typical in terms of volume, and the neutral trader’s sentiment stands at 10% long. Bears have been in better positions so far.
Dollar/Yen’s daily volatility of 55 pips was posted during a decline, and the pair was point 26% in the red at midday. Traded volume is close to this pair’s usual amount, whereas the sentiment is neutral at 3% short. Once again, this has been a better day for bears.
Pound/Yen has been trending lower for most of the session, and the total loss reached point 66% at 12 o’clock. Trading has been active, but most traders had anticipated a rise, as long positions are up by 33%. Losses are likely, and the high volume will make them worse.
And Euro/Yen has also seen a decline, as it was point 42% in the red at midday. This pair sees the usual amount of funding, and the sentiment, unlike the rate movement, is strongly bullish at 48% long. Traders did face risks as the rate did not go with their estimates.
I’m Kiays Khalil and this was the Midday Snapshot for Wednesday. Check back in throughout the day for the latest updates.
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