It’s 12 o’clock on this Monday, so let’s see how successful it has been so far for FX traders. Euro/Dollar has had a relatively slow session – high and low difference is 43 pips and the pair has attracted 41% less than typical funds. Neutral sentiment is almost at an even balance. Both sides have seen only limited profit chances due to the narrow price movement range and passive trading approach. Pound/Dollar dropped by close to 100 pips and a loss of point 35% was posted at noon. Trading has been active, volume is high and sentiment of the traders is neutral, long positions are up by 7%. Late slide has provided bears with solid profit opportunities. Dollar/Yen broke through the 110 level as it gained 68 pips. This pair sees less than half of the monthly average funds and sentiment is neutral, 8% long. Profits are more likely for those who were in long positions, but the passive trading approach is the limiting factor. Pound/Yen’s trend changed after the daily high was reached and most of the gains have been given up. Traded volume is average and most of the traders have been forecasting the pair to head lower. Traders had their chances after the daily high was reached. Euro/Yen has been on a rise as well and it has resulted in a gain of point 45%. Traded volume is average and sentiment is strongly bullish, long positions dominate by 46%. The rate did go per those expectations, making profits very much likely. I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
It’s 12 o’clock on this Monday, so let’s see how successful it has been so far for FX traders.
Euro/Dollar has had a relatively slow session – high and low difference is 43 pips and the pair has attracted 41% less than typical funds. Neutral sentiment is almost at an even balance. Both sides have seen only limited profit chances due to the narrow price movement range and passive trading approach.
Pound/Dollar dropped by close to 100 pips and a loss of point 35% was posted at noon. Trading has been active, volume is high and sentiment of the traders is neutral, long positions are up by 7%. Late slide has provided bears with solid profit opportunities.
Dollar/Yen broke through the 110 level as it gained 68 pips. This pair sees less than half of the monthly average funds and sentiment is neutral, 8% long. Profits are more likely for those who were in long positions, but the passive trading approach is the limiting factor.
Pound/Yen’s trend changed after the daily high was reached and most of the gains have been given up. Traded volume is average and most of the traders have been forecasting the pair to head lower. Traders had their chances after the daily high was reached.
Euro/Yen has been on a rise as well and it has resulted in a gain of point 45%. Traded volume is average and sentiment is strongly bullish, long positions dominate by 46%. The rate did go per those expectations, making profits very much likely.
I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
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