The morning session is over on this Thursday; let’s see how things are shaping up for the market players. Euro/Dollar declined by 70 pips after hours of relatively flat trading. Turnover is low and neutral sentiment of the traders is leaning towards the long side by 7%. Late decline has provided some profit opportunities for those who were short. Pound/Dollar declined by 73 pips, but the pair rose from the daily low. The Cable sees 23% less than typical funds and neutral sentiment of the traders is at an even balance. Both sides have had their chances as decline was followed by a rise. Dollar/Yen has been on a rise and it puts the pair point 48% in the green. Traded volume is low and sentiment of the traders is neutral, 7% short. The pair has been trending up, suggesting a successful morning session for those who were long. Pound/Yen has gained some ground as well and the pair stood point 46% up from the opening level at 12 o’clock. Traders have used 53% more than typical funds trading this pair and neutral sentiment is 5% short. Upward pressure has been stronger, putting bulls in better positions so far. Euro/Yen’s uptrend was followed by a decline, which has wiped out most of the gains. Traded volume is average and most of the market players have been forecasting the pair to head higher. Trading should be successful if it was done before the daily high was reached. I’m Jack Everitt and this was the Midday Snapshot for Thursday.
The morning session is over on this Thursday; let’s see how things are shaping up for the market players.
Euro/Dollar declined by 70 pips after hours of relatively flat trading. Turnover is low and neutral sentiment of the traders is leaning towards the long side by 7%. Late decline has provided some profit opportunities for those who were short.
Pound/Dollar declined by 73 pips, but the pair rose from the daily low. The Cable sees 23% less than typical funds and neutral sentiment of the traders is at an even balance. Both sides have had their chances as decline was followed by a rise.
Dollar/Yen has been on a rise and it puts the pair point 48% in the green. Traded volume is low and sentiment of the traders is neutral, 7% short. The pair has been trending up, suggesting a successful morning session for those who were long.
Pound/Yen has gained some ground as well and the pair stood point 46% up from the opening level at 12 o’clock. Traders have used 53% more than typical funds trading this pair and neutral sentiment is 5% short. Upward pressure has been stronger, putting bulls in better positions so far.
Euro/Yen’s uptrend was followed by a decline, which has wiped out most of the gains. Traded volume is average and most of the market players have been forecasting the pair to head higher. Trading should be successful if it was done before the daily high was reached.
I’m Jack Everitt and this was the Midday Snapshot for Thursday.
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