It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts. Euro/Dollar has declined by a total of 84 pips and the pair stood point 39% in the red at noon. Traded volume is average and neutral sentiment of the traders is 6% short. Slide suggests a successful morning session for those who were in short positions. Session has been slower than usual for the Cable, the pair declined by 58 pips from the daily high. Turnover is low and most of the traders have been forecasting the pair to head South. Traders saw some chances as the rate declined hours into the trading day. Dollar/Yen moved further South of the 110 level and a loss of point 28% was posted at 12 o’clock. Turnover is low and neutral sentiment of the traders is leaning towards the long side by 7%. Downtrend has provided plenty of profit chances for bearish market players. Pound/Yen took a slide as well and it has resulted in a loss of point 45%. This pair sees an average amount of funds and most of them have been driven by bullish expectations. The rate went in the opposite direction to those forecasts, making losses more likely. Euro/Yen’s sharp decline has resulted in a loss of point 66%. Traded volume is high and most of the traders have been in long positions. Steep decline has brought risks for investors. I’m Jack Everitt and this was the Midday Snapshot for Friday.
It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts.
Euro/Dollar has declined by a total of 84 pips and the pair stood point 39% in the red at noon. Traded volume is average and neutral sentiment of the traders is 6% short. Slide suggests a successful morning session for those who were in short positions.
Session has been slower than usual for the Cable, the pair declined by 58 pips from the daily high. Turnover is low and most of the traders have been forecasting the pair to head South. Traders saw some chances as the rate declined hours into the trading day.
Dollar/Yen moved further South of the 110 level and a loss of point 28% was posted at 12 o’clock. Turnover is low and neutral sentiment of the traders is leaning towards the long side by 7%. Downtrend has provided plenty of profit chances for bearish market players.
Pound/Yen took a slide as well and it has resulted in a loss of point 45%. This pair sees an average amount of funds and most of them have been driven by bullish expectations. The rate went in the opposite direction to those forecasts, making losses more likely.
Euro/Yen’s sharp decline has resulted in a loss of point 66%. Traded volume is high and most of the traders have been in long positions. Steep decline has brought risks for investors.
I’m Jack Everitt and this was the Midday Snapshot for Friday.
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