We’re halfway through this week’s last trading day, so let’s see how things are shaping up. Euro/Dollar shows limited rate movement of 54 pips and the pair has attracted 33% less than typical funds. Neutral sentiment of the traders is 11% short. Both the slow trading and narrow price movement range are limiting factors. Pound/Dollar declined sharply hours into the session and slide has resulted in a loss of point 71%. The Cable sees 16% less than typical funds and sentiment is neutral, at 4% long. Late slide has provided solid profit chances for those who had short positions. Most of the session has been bullish for the Dollar/Yen as the pair moved towards the 110 level. Traded volume is average and sentiment of the market players is neutral, 11% short. Uptrend suggests a successful morning session is more likely for those who were long. Pound/Yen’s uptrend was followed b a slide, which took the rate point 26% in the red. Trading has been active, turnover is high and neutral sentiment is leaning towards the long side by 10%. Bulls had their chances during most of the session, but the late drop was good news for bears. Euro/Yen was heading up for hours, but a following decline has wiped out most of the gains. Traded volume is average and most of the traders have been forecasting the pair to head lower. Trading should be successful if it was done after 8 o’clock in the morning. I’m Jack Everitt and this was the Midday Snapshot for Friday.
We’re halfway through this week’s last trading day, so let’s see how things are shaping up.
Euro/Dollar shows limited rate movement of 54 pips and the pair has attracted 33% less than typical funds. Neutral sentiment of the traders is 11% short. Both the slow trading and narrow price movement range are limiting factors.
Pound/Dollar declined sharply hours into the session and slide has resulted in a loss of point 71%. The Cable sees 16% less than typical funds and sentiment is neutral, at 4% long. Late slide has provided solid profit chances for those who had short positions.
Most of the session has been bullish for the Dollar/Yen as the pair moved towards the 110 level. Traded volume is average and sentiment of the market players is neutral, 11% short. Uptrend suggests a successful morning session is more likely for those who were long.
Pound/Yen’s uptrend was followed b a slide, which took the rate point 26% in the red. Trading has been active, turnover is high and neutral sentiment is leaning towards the long side by 10%. Bulls had their chances during most of the session, but the late drop was good news for bears.
Euro/Yen was heading up for hours, but a following decline has wiped out most of the gains. Traded volume is average and most of the traders have been forecasting the pair to head lower. Trading should be successful if it was done after 8 o’clock in the morning.
I’m Jack Everitt and this was the Midday Snapshot for Friday.
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