The morning session is over on this Monday, so let’s see how things are shaping up. Euro/Dollar shows limited rate movement and this reflects in slower than usual trading activity as well. Sentiment of the traders is neutral. Both sides have had only limited profit opportunities due to the narrow price movement range and passive trading approach. Pound/Dollar has been climbing up by a total of 63 pips to trade point 22% in the green at noon. The Cable sees 25% less than typical funds and sentiment of the traders is neutral, but long positions are up by 13%. Gradual rise has provided profit chances for the small majority of the traders. Dollar/Yen has been traded in a total range of just 30 pips and the pair sees less than half of the monthly average funds. Sentiment of the traders is neutral, 10% long. Trading has been passive and rate movement flat, so no significant shifts in funds are likely. Pound/Yen has moved higher in a couple of waves to trade slightly in the green at noon. Turnover is average and most of the traders have been forecasting the pair to head higher. Traders saw their profit chances as the pair moved higher. Euro/Yen rose by 62 pips, but all of the gains were given up afterwards. Traded volume is average and sentiment of the traders is neutral, 4% long. Shifting trend has provided both sides with their profit opportunities. I’m Kiays Khalil and this was the Midday Snapshot for Monday.
The morning session is over on this Monday, so let’s see how things are shaping up.
Euro/Dollar shows limited rate movement and this reflects in slower than usual trading activity as well. Sentiment of the traders is neutral. Both sides have had only limited profit opportunities due to the narrow price movement range and passive trading approach.
Pound/Dollar has been climbing up by a total of 63 pips to trade point 22% in the green at noon. The Cable sees 25% less than typical funds and sentiment of the traders is neutral, but long positions are up by 13%. Gradual rise has provided profit chances for the small majority of the traders.
Dollar/Yen has been traded in a total range of just 30 pips and the pair sees less than half of the monthly average funds. Sentiment of the traders is neutral, 10% long. Trading has been passive and rate movement flat, so no significant shifts in funds are likely.
Pound/Yen has moved higher in a couple of waves to trade slightly in the green at noon. Turnover is average and most of the traders have been forecasting the pair to head higher. Traders saw their profit chances as the pair moved higher.
Euro/Yen rose by 62 pips, but all of the gains were given up afterwards. Traded volume is average and sentiment of the traders is neutral, 4% long. Shifting trend has provided both sides with their profit opportunities.
I’m Kiays Khalil and this was the Midday Snapshot for Monday.
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