It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players.
Euro/Dollar has shifted South by 77 pips to trade point 51% in the red at noon. Turnover is high and neutral sentiment of the traders is 4% long. Decline suggests a successful morning session for those who had short positions.
Pound/Dollar declined sharply by 99 pips and a loss of point 45% was posted at midday. The Cable sees 20% less than typical funds and sentiment of the traders is neutral, short positions are up by just 6%. Slide has provided solid profit opportunities for bearish market players.
Dollar/Yen shows limited rate movement, but the pair has attracted an average amount of funds. Sentiment of the market players is neutral, short positions are up by 7%. The relatively flat rate movement suggests no significant moves in trading accounts are likely.
Pound/Yen took a slide and it has resulted in a loss of point 4%. Trading has been passive, volume is extremely low and most of the traders have been forecasting the pair to head South. It did go per those expectations and only the passive trading approach limits upside potential.
Euro/Yen took a dive below the 130 level and the pair stood point 46% in the red at 12 o’clock. Traded volume is high and most of the market players have been forecasting the pair to head higher. Steep slide has brought risks for investors.
You’ve been watching the Midday Snapshot with me, Kiays Khalil.

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