We are half-way through the trading day on this Wednesday, so let’s see how it has been shaping up for the currency traders. I`m Sinead MacLaughlin. Euro/Dollar’s rate movement is relatively flat – volatility is just 37 pips. Traded volume is average and the sentiment is neutral, long positions are up by 9%. The generally flat rate movement suggests no major changes in funds are likely for both sides. Pound/Dollar has had a relatively slow day as well – volatility is 58 pips and traded volume is 46% down from the monthly average. Sentiment of the traders is neutral, 10% long. Both the slow trading and low volatility suggest profits and losses shouldn’t be significant. Dollar/Yen declined by 124 pips early in the day, but a following uptrend took the rate back near the opening level at noon. Turnover is 21% down from the pair’s usual and the sentiment is neutral, 2% short. Both sides have seen their chances as the slide was followed by an uptrend. Pound/Yen has recovered all of the early loss and it was a fraction in the green at midday. Traded volume is 55% up from the monthly average and the neutral sentiment is at a balance. Bears had their profit opportunities during the early hours, but the following rise was good news for bulls. Euro/Yen also rose after the early drop and it was point 12% in the negative territory at 12 o`clock. This pair has attracted less than half of the monthly average funds and the sentiment is neutral, 5% short. Both sides have seen their chances and risks, but moves in funds should be limited by the slow trading. This wraps up the Midday Snapshot for Wednesday, but we`ll be updating these stats on an hourly basis, so stay tuned.
We are half-way through the trading day on this Wednesday, so let’s see how it has been shaping up for the currency traders. I`m Sinead MacLaughlin.
Euro/Dollar’s rate movement is relatively flat – volatility is just 37 pips. Traded volume is average and the sentiment is neutral, long positions are up by 9%. The generally flat rate movement suggests no major changes in funds are likely for both sides.
Pound/Dollar has had a relatively slow day as well – volatility is 58 pips and traded volume is 46% down from the monthly average. Sentiment of the traders is neutral, 10% long. Both the slow trading and low volatility suggest profits and losses shouldn’t be significant.
Dollar/Yen declined by 124 pips early in the day, but a following uptrend took the rate back near the opening level at noon. Turnover is 21% down from the pair’s usual and the sentiment is neutral, 2% short. Both sides have seen their chances as the slide was followed by an uptrend.
Pound/Yen has recovered all of the early loss and it was a fraction in the green at midday. Traded volume is 55% up from the monthly average and the neutral sentiment is at a balance. Bears had their profit opportunities during the early hours, but the following rise was good news for bulls.
Euro/Yen also rose after the early drop and it was point 12% in the negative territory at 12 o`clock. This pair has attracted less than half of the monthly average funds and the sentiment is neutral, 5% short. Both sides have seen their chances and risks, but moves in funds should be limited by the slow trading.
This wraps up the Midday Snapshot for Wednesday, but we`ll be updating these stats on an hourly basis, so stay tuned.
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