The morning session is over on this Monday, so let’s see how things are shaping up for traders. Euro/Dollar has been trending slowly up towards the 1 18 level. Turnover is low and sentiment of the traders is neutral, 8% short. Gradual uptrend has provided profit opportunities for bullish market players. Pound/Dollar rose by a total of 78 pips and the pair stood point 39% in the green at noon. The Cable sees more than double the usual funds and sentiment is neutral, short positions are up by just 2%. Upward pressure has been stronger so far and profits are more likely for bulls. Dollar/Yen shows limited rate movement of only 20 pips, but the pair has attracted an average amount of funds. Most of them have been driven by bearish expectations, but the flat rate movement has brought no significant profit opportunities. Pound/Yen has gained almost 100 pips and a gain of point 4% was posted at 12 o’clock. Turnover is low and most of the funds have been in short positions. Rise makes losses more likely, but they should be cushioned by the passive trading approach. Euro/Yen moved above the 130 level as the pair rose slowly, but it has attracted 25% more than typical funds. Most of the traders have been forecasting the pair to head lower, but it went North, so losses are more likely. I’m Jack Everitt and this was the Midday Snapshot for Monday.
The morning session is over on this Monday, so let’s see how things are shaping up for traders.
Euro/Dollar has been trending slowly up towards the 1 18 level. Turnover is low and sentiment of the traders is neutral, 8% short. Gradual uptrend has provided profit opportunities for bullish market players.
Pound/Dollar rose by a total of 78 pips and the pair stood point 39% in the green at noon. The Cable sees more than double the usual funds and sentiment is neutral, short positions are up by just 2%. Upward pressure has been stronger so far and profits are more likely for bulls.
Dollar/Yen shows limited rate movement of only 20 pips, but the pair has attracted an average amount of funds. Most of them have been driven by bearish expectations, but the flat rate movement has brought no significant profit opportunities.
Pound/Yen has gained almost 100 pips and a gain of point 4% was posted at 12 o’clock. Turnover is low and most of the funds have been in short positions. Rise makes losses more likely, but they should be cushioned by the passive trading approach.
Euro/Yen moved above the 130 level as the pair rose slowly, but it has attracted 25% more than typical funds. Most of the traders have been forecasting the pair to head lower, but it went North, so losses are more likely.
I’m Jack Everitt and this was the Midday Snapshot for Monday.
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