We’re here to let you know how trading has been shaping up for market players during the morning session on this week’s last trading day. Euro/Dollar has seen its trend change and the biggest move was a rise of 58 pips. Traded volume is average and neutral sentiment of the traders is just 1% short. Both sides have had some chances as the rate rose from the daily low. Pound/Dollar rose above the 1 35 level by a total of 81 pips and a gain of point 34% has been posted. The Cable sees just half of the monthly average funds and most of them have been driven by bullish expectations. The rate did go per those expectations and only the passive trading approach limits upside potential. Dollar/Yen dropped by 38 pips shortly after midnight, but the pair rose from the daily low. Traded volume is average and neutral sentiment is 5% short. Both sides have seen their profit chances as the trend has changed. Pound/Yen rose sharply after 6 o’clock and the pair was point 17% in the green at noon. Trading has been passive here, volume is extremely low and most of the traders have been forecasting the pair to head higher. It did go per those expectations after 6 AM. Euro/Yen hit the daily low of 130 hours into the session, but a following rise wiped out all of the loss. Traded volume is average and neutral sentiment is leaning towards the short side by 12%. Decline was followed by a rise, so both sides have seen equal profit opportunities. I’m Jack Everitt and that’s it for Friday’s Midday Snapshot.
We’re here to let you know how trading has been shaping up for market players during the morning session on this week’s last trading day.
Euro/Dollar has seen its trend change and the biggest move was a rise of 58 pips. Traded volume is average and neutral sentiment of the traders is just 1% short. Both sides have had some chances as the rate rose from the daily low.
Pound/Dollar rose above the 1 35 level by a total of 81 pips and a gain of point 34% has been posted. The Cable sees just half of the monthly average funds and most of them have been driven by bullish expectations. The rate did go per those expectations and only the passive trading approach limits upside potential.
Dollar/Yen dropped by 38 pips shortly after midnight, but the pair rose from the daily low. Traded volume is average and neutral sentiment is 5% short. Both sides have seen their profit chances as the trend has changed.
Pound/Yen rose sharply after 6 o’clock and the pair was point 17% in the green at noon. Trading has been passive here, volume is extremely low and most of the traders have been forecasting the pair to head higher. It did go per those expectations after 6 AM.
Euro/Yen hit the daily low of 130 hours into the session, but a following rise wiped out all of the loss. Traded volume is average and neutral sentiment is leaning towards the short side by 12%. Decline was followed by a rise, so both sides have seen equal profit opportunities.
I’m Jack Everitt and that’s it for Friday’s Midday Snapshot.
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