It’s time once again for the Midday Snapshot with a look at how market participants have performed over the morning session. I’m Ben Jones.
Start of this trading week was Euro bullish for the trader’s favorite pair and it stands point 37% in the green at midday. Traded volume is average, despite a market holiday in the US and the sentiment is neutral, 11% short. Upward pressure has been stronger so far this pair and profits are more likely for traders with long positions.
Pound/Dollar’s trend has been shifting and it stood only a fraction in the green at 12 o`clock. The Cable sees a typical amount of funds and the sentiment is neutral, just 4% short. Both of the close to equal sides have seen their chances as the trend has been shifting.
Dollar/Yen surged by a total of 52 pips, but a following pull back has cancelled out all of the gains. Traded volume is average and the neutral sentiment of the traders is 8% short. Success depends on the timing of the trades as a single trend hasn’t formed.
Pound/Yen has had a relatively calm day so far, trading in a total range of 51 pips and attracting just close to half of the monthly average funds. Trader’s sentiment is strongly bullish, 43% long. Moves in funds shouldn’t be major as trading has been slow and rate movement range narrow.
Euro/Yen rose sharply and a gain of point 3% was recorded at midday. Market players have traded with 21% more than usual funds and the sentiment is neutral, at a balance. There have been plenty of chances for bulls, but losses are more likely for those who had short positions.
This was the Midday Snapshot for Monday. Check back in throughout the day for the very latest updates of these stats.

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