The morning session is over on this Thursday, so let’s see how things are shaping up for the market players. Euro/Dollar stood just a fraction in the red after walking in the total range of 85 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands almost at a balance. Success depends on timing as the rate has seen its ups and downs. The Cable’s initial rise of 63 pips was followed by a correction, but the pair still was point 36% up from the opening level at 12 o’clock. Trading has been slow, and the sentiment is bullish as long positions are up by 18%. Success is likely, but it will be limited by the low volume. Dollar/Yen saw limited movement after losing 67 pips early in the session, and it stood point 15% in the red at midday. Traded volume is in line with the monthly average, and sentiment is neutral at 3% long. Bears have been in somewhat better positions so far. Pound/Yen has been moving in waves, but it was point 21% in the green at noon. Traded volume is close to this pair’s usual amount, and trader’s sentiment again is neutral at 5% long. Timing has been key to success as the trend was shifting throughout the day. And Euro/Yen did recover some ground after declining by 116 pips, but the total loss still reached point 21% at midday. Trading has been active, and most traders indeed had anticipated a decline, as short positions prevail by 31%. This suggests it has been a successful day for most traders. I’m Celeste Skinner and this was the Midday Snapshot for Thursday. Check back in throughout the day for the latest updates.
The morning session is over on this Thursday, so let’s see how things are shaping up for the market players.
Euro/Dollar stood just a fraction in the red after walking in the total range of 85 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands almost at a balance. Success depends on timing as the rate has seen its ups and downs.
The Cable’s initial rise of 63 pips was followed by a correction, but the pair still was point 36% up from the opening level at 12 o’clock. Trading has been slow, and the sentiment is bullish as long positions are up by 18%. Success is likely, but it will be limited by the low volume.
Dollar/Yen saw limited movement after losing 67 pips early in the session, and it stood point 15% in the red at midday. Traded volume is in line with the monthly average, and sentiment is neutral at 3% long. Bears have been in somewhat better positions so far.
Pound/Yen has been moving in waves, but it was point 21% in the green at noon. Traded volume is close to this pair’s usual amount, and trader’s sentiment again is neutral at 5% long. Timing has been key to success as the trend was shifting throughout the day.
And Euro/Yen did recover some ground after declining by 116 pips, but the total loss still reached point 21% at midday. Trading has been active, and most traders indeed had anticipated a decline, as short positions prevail by 31%. This suggests it has been a successful day for most traders.
I’m Celeste Skinner and this was the Midday Snapshot for Thursday. Check back in throughout the day for the latest updates.
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