Euro and Sterling both declined during the morning session, so let’s see if this was in line with expectations of the FX traders. Euro/Dollar has depreciated by a total of 47 pips to trade point 27% in the red at noon. Turnover is average and neutral sentiment of the market players is 9% long. Decline puts bearish market players in better positions so far. Pound/Dollar shows a similar pattern and the pair stood point 3% in the red at midday. The Cable sees 32% less than typical funds and most of them have been driven by bullish expectations. Decline makes losses more likely, but they should be cushioned by the passive trading approach. Dollar/Yen rose after the decline and it was back near the opening level at 12 o’clock. Traded volume is low and neutral sentiment of the traders is 2% long. Both sides have seen their profit chances as the trend has shifted. Pound/Yen has been trending South and a loss of point 37% has been posted. Traded volume is low and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, but losses should be limited by the slow trading approach. Euro/Yen has declined as well and the pair was point 34% in the red at noon. Traded volume is average and most of the funds have been driven by bullish expectations. Decline has brought risks for market players. I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Thursday. Bye for now.
Euro and Sterling both declined during the morning session, so let’s see if this was in line with expectations of the FX traders.
Euro/Dollar has depreciated by a total of 47 pips to trade point 27% in the red at noon. Turnover is average and neutral sentiment of the market players is 9% long. Decline puts bearish market players in better positions so far.
Pound/Dollar shows a similar pattern and the pair stood point 3% in the red at midday. The Cable sees 32% less than typical funds and most of them have been driven by bullish expectations. Decline makes losses more likely, but they should be cushioned by the passive trading approach.
Dollar/Yen rose after the decline and it was back near the opening level at 12 o’clock. Traded volume is low and neutral sentiment of the traders is 2% long. Both sides have seen their profit chances as the trend has shifted.
Pound/Yen has been trending South and a loss of point 37% has been posted. Traded volume is low and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, but losses should be limited by the slow trading approach.
Euro/Yen has declined as well and the pair was point 34% in the red at noon. Traded volume is average and most of the funds have been driven by bullish expectations. Decline has brought risks for market players.
I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Thursday. Bye for now.
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