It’s midpoint of this week’s last trading day so let’s compare the sentiment of the traders with the actual rate shifts. Euro/Dollar dropped hours into the trading session and the pair was point 43% in the red at 12 o’clock. Traded volume is average and most of the market players have been forecasting the rate to head higher. Late decline has brought risks for investors. Pound/Dollar’s decline was followed by a rise of 67 pips and a slight gain was posted at noon. The Cable sees just close to half of the monthly average funds and most of them have been driven by bearish expectations. Both profits and losses shouldn’t be significant due to the narrow price movement range. Dollar/Yen has been on a rise and it has resulted in a gain of point 8%. Traded volume is average and most of the market players have been forecasting the rate to move lower. Uptrend makes losses more likely for market players. Pound/Yen’s day has been bullish and the pair was almost 1% up from the opening level at 12 o’clock. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, but short positions are in the lead by 14%. Bulls have been in better positions, but the calm trading is the limiting factor. Euro/Yen has gained ground as well and a gain of point 37% was posted at midday. Turnover is low and most of the market players have been forecasting the rate to head higher. The rate did go per those expectations and only the passive trading limits upside potential.
It’s midpoint of this week’s last trading day so let’s compare the sentiment of the traders with the actual rate shifts.
Euro/Dollar dropped hours into the trading session and the pair was point 43% in the red at 12 o’clock. Traded volume is average and most of the market players have been forecasting the rate to head higher. Late decline has brought risks for investors.
Pound/Dollar’s decline was followed by a rise of 67 pips and a slight gain was posted at noon. The Cable sees just close to half of the monthly average funds and most of them have been driven by bearish expectations. Both profits and losses shouldn’t be significant due to the narrow price movement range.
Dollar/Yen has been on a rise and it has resulted in a gain of point 8%. Traded volume is average and most of the market players have been forecasting the rate to move lower. Uptrend makes losses more likely for market players.
Pound/Yen’s day has been bullish and the pair was almost 1% up from the opening level at 12 o’clock. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, but short positions are in the lead by 14%. Bulls have been in better positions, but the calm trading is the limiting factor.
Euro/Yen has gained ground as well and a gain of point 37% was posted at midday. Turnover is low and most of the market players have been forecasting the rate to head higher. The rate did go per those expectations and only the passive trading limits upside potential.
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