We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar is off to a modestly bullish start, and a gain of 36 pips leaves it point 2% in the green at noon. Traded volume is in line with the monthly average, and the neutral trader’s sentiment stands at 11% short. Bulls have been in better positions so far. The Cable was point 13% down from the opening level following a drop of 89 pips. Trading has been slow, and the neutral trader’s sentiment stands at 5% long. Success depends on timing as the rate saw some rather dramatic shifts during the day. Dollar/Yen started moving lower after 1 AM, and a loss of 37 pips left it point 19% down from the opening level at 12 o’clock. This pair sees a quarter less funding than usual, and the sentiment is neutral at 8% short. Trading should be successful for bears. Pound/Yen plunged by 104 pips after 7 o’clock, and the total loss reached point 32% at midday. This pair sees the usual amount of funding, and bearish positions prevail by 27%. Success is likely, particularly with good timing. And Euro/Yen was back near the opening level after walking in the total range of 34 pips. Trading has been slower than usual, and the sentiment of traders is neutral at 8% short. Both the low volume and narrow rate movement will probably limit any shifts in funds. You’ve been watching the Midday Snapshot for Monday. I’m Jessica Walker and we’ll be providing you with the latest data throughout the day. Stay tuned.
We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance.
Euro/Dollar is off to a modestly bullish start, and a gain of 36 pips leaves it point 2% in the green at noon. Traded volume is in line with the monthly average, and the neutral trader’s sentiment stands at 11% short. Bulls have been in better positions so far.
The Cable was point 13% down from the opening level following a drop of 89 pips. Trading has been slow, and the neutral trader’s sentiment stands at 5% long. Success depends on timing as the rate saw some rather dramatic shifts during the day.
Dollar/Yen started moving lower after 1 AM, and a loss of 37 pips left it point 19% down from the opening level at 12 o’clock. This pair sees a quarter less funding than usual, and the sentiment is neutral at 8% short. Trading should be successful for bears.
Pound/Yen plunged by 104 pips after 7 o’clock, and the total loss reached point 32% at midday. This pair sees the usual amount of funding, and bearish positions prevail by 27%. Success is likely, particularly with good timing.
And Euro/Yen was back near the opening level after walking in the total range of 34 pips. Trading has been slower than usual, and the sentiment of traders is neutral at 8% short. Both the low volume and narrow rate movement will probably limit any shifts in funds.
You’ve been watching the Midday Snapshot for Monday. I’m Jessica Walker and we’ll be providing you with the latest data throughout the day. Stay tuned.
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