The morning session is over on this Wednesday, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by 68 pips after 7 AM and a loss of point 25% has been posted. Turnover is low and neutral sentiment of the traders is almost at an even balance. Late decline has provided profit opportunities for bearish market players. Pound/Dollar shows a similar pattern and late decline has resulted in a loss of point 48%. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the long side by 9%. Late slide was good news for bearish market players. Dollar/Yen took a sharp slide right after midnight and the pair was point 41% in the red at midday. Turnover is low and neutral sentiment is almost at an even balance. Steep decline makes a successful morning session very much likely for bears. Pound/Yen has been moving in one direction and that’s lower to trade almost 1% down from the opening level at noon. Trading has been active, volume is high and most of the traders have been forecasting the pair to appreciate. It went sharply lower, making losses more likely. Euro/yen has declined just like the other pairs and the pair stood point 65% in the red at 12 o’clock. Traded volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, suggesting losses for investors. I’m Kiays Khalil and this was the Midday Snapshot for Wednesday.
The morning session is over on this Wednesday, so let’s look back at the rate movements and trader performance.
Euro/Dollar declined by 68 pips after 7 AM and a loss of point 25% has been posted. Turnover is low and neutral sentiment of the traders is almost at an even balance. Late decline has provided profit opportunities for bearish market players.
Pound/Dollar shows a similar pattern and late decline has resulted in a loss of point 48%. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the long side by 9%. Late slide was good news for bearish market players.
Dollar/Yen took a sharp slide right after midnight and the pair was point 41% in the red at midday. Turnover is low and neutral sentiment is almost at an even balance. Steep decline makes a successful morning session very much likely for bears.
Pound/Yen has been moving in one direction and that’s lower to trade almost 1% down from the opening level at noon. Trading has been active, volume is high and most of the traders have been forecasting the pair to appreciate. It went sharply lower, making losses more likely.
Euro/yen has declined just like the other pairs and the pair stood point 65% in the red at 12 o’clock. Traded volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, suggesting losses for investors.
I’m Kiays Khalil and this was the Midday Snapshot for Wednesday.
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