It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot. Euro/Dollar shows limited rate movement range of 41 pips and the pair has attracted 19% less than average funds. Most of the traders have been forecasting the pair to head lower, but the narrow price movement range suggest no significant profits or losses are likely. Pound/Dollar has been trending lower, bouncing back briefly from the low at just pips above the 1 33 level. The Cable sees 24% more than typical funds and most of them have been driven by bearish expectations. The rate did go per those estimates, making profits very much likely. Dollar/yen rose by 36 pips, before giving up most of the gains. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 10% short. Both sides have had only limited profit opportunities due to the narrow price movement range and passive trading approach. Pound/Yen has shifted lower and a loss of point 23% was posted by noon. Traded volume is low and sentiment of the traders is bearish, short positions are up by 18%. Gradual decline has provided profit opportunities for market players. Euro/Yen rose slowly to trade point 16% in the green at midday. This pair sees just half of the monthly average funds and sentiment of the traders is neutral, 6% short. Bulls have had their profit chances, but both the passive trading and narrow price movement range are limiting factors. I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot.
Euro/Dollar shows limited rate movement range of 41 pips and the pair has attracted 19% less than average funds. Most of the traders have been forecasting the pair to head lower, but the narrow price movement range suggest no significant profits or losses are likely.
Pound/Dollar has been trending lower, bouncing back briefly from the low at just pips above the 1 33 level. The Cable sees 24% more than typical funds and most of them have been driven by bearish expectations. The rate did go per those estimates, making profits very much likely.
Dollar/yen rose by 36 pips, before giving up most of the gains. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 10% short. Both sides have had only limited profit opportunities due to the narrow price movement range and passive trading approach.
Pound/Yen has shifted lower and a loss of point 23% was posted by noon. Traded volume is low and sentiment of the traders is bearish, short positions are up by 18%. Gradual decline has provided profit opportunities for market players.
Euro/Yen rose slowly to trade point 16% in the green at midday. This pair sees just half of the monthly average funds and sentiment of the traders is neutral, 6% short. Bulls have had their profit chances, but both the passive trading and narrow price movement range are limiting factors.
I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
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