We are half way through this week’s last trading day, so let’s find out how it has been shaping up for the market players. Euro/Dollar gained some more ground and the pair was point 32% in the green at 12 o’clock. Traded volume is average and sentiment of the traders is neutral, short positions are up by 4%. The pair has continued gaining ground above the 1 20 level and profits are more likely for bulls. Pound/Dollar shot up by a considerable 120 pips to trade point 84% up from the opening level at noon. The Cable sees 29% more than typical funds and neutral sentiment of the traders is 6% short. Steep rise suggests a successful morning session for those who had long positions. Dollar/Yen took a slide and it has resulted in a loss of point 8%. This pair sees more than double the monthly average funds and sentiment of the traders is neutral, 6% long. Rate has been on a steep decline, putting bearish traders in better positions. Pound/Yen’s decline was followed by a rise, which has wiped out all of the loss. Trading has been typical in terms of volume and most of the funds have been driven by bearish expectations. Traders have seen both chances and risks as the trend has shifted. Euro/Yen moved sharply lower and slide has resulted in a loss of point 49%. This instrument has attracted less than half of the monthly average funds and sentiment of the traders is neutral, long positions are up by just 4%. Profits are more likely for bears, but the slow trading is the limiting factor. I’m Jack Everitt and that’s it for Friday’s Midday Snapshot.
We are half way through this week’s last trading day, so let’s find out how it has been shaping up for the market players.
Euro/Dollar gained some more ground and the pair was point 32% in the green at 12 o’clock. Traded volume is average and sentiment of the traders is neutral, short positions are up by 4%. The pair has continued gaining ground above the 1 20 level and profits are more likely for bulls.
Pound/Dollar shot up by a considerable 120 pips to trade point 84% up from the opening level at noon. The Cable sees 29% more than typical funds and neutral sentiment of the traders is 6% short. Steep rise suggests a successful morning session for those who had long positions.
Dollar/Yen took a slide and it has resulted in a loss of point 8%. This pair sees more than double the monthly average funds and sentiment of the traders is neutral, 6% long. Rate has been on a steep decline, putting bearish traders in better positions.
Pound/Yen’s decline was followed by a rise, which has wiped out all of the loss. Trading has been typical in terms of volume and most of the funds have been driven by bearish expectations. Traders have seen both chances and risks as the trend has shifted.
Euro/Yen moved sharply lower and slide has resulted in a loss of point 49%. This instrument has attracted less than half of the monthly average funds and sentiment of the traders is neutral, long positions are up by just 4%. Profits are more likely for bears, but the slow trading is the limiting factor.
I’m Jack Everitt and that’s it for Friday’s Midday Snapshot.
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