The morning session is over on this Wednesday, and it’s time for the Midday Snapshot. So far, Euro/Dollar has had another calm day, as there’s little volatility to speak of and the rate was little changed after 12 hours of trading. This pair sees 38% less funding than usual, and the sentiment is neutral at 13% short. No major shifts in funds are likely. The Cable jumped by 58 pips after half past 8, and the total gain reached point 24% at noon. Trading, however, has been much slower than usual, and the neutral trader’s sentiment stands at 5% short. Bulls have been in better positions so far. Dollar/Yen lost 42 pips early in the session, but it did regain some ground and stood point 18% in the red at midday. Trading again has been slow, and bullish positions prevail by 23%. The overall trend suggests losses, but the low volume should soften the blow. Pound/Yen was back near the opening level after walking in the total range of 69 pips. Traded volume is less than half this pair’s usual amount, and the sentiment is neutral at 8% short. Success depends on timing, but, once again, the low volume remains an issue. And Euro/Yen’s gradual decline of 30 pips left it point 2% in the red at noon. There’s little volume for this pair, and the sentiment is strongly bullish at 35% long. Losses are quite likely, but the slow trading will keep them at bay. You’ve been watching the Midday Snapshot for Wednesday with me, Jack Everitt. Things may pick up speed later in the day, so check back.
The morning session is over on this Wednesday, and it’s time for the Midday Snapshot.
So far, Euro/Dollar has had another calm day, as there’s little volatility to speak of and the rate was little changed after 12 hours of trading. This pair sees 38% less funding than usual, and the sentiment is neutral at 13% short. No major shifts in funds are likely.
The Cable jumped by 58 pips after half past 8, and the total gain reached point 24% at noon. Trading, however, has been much slower than usual, and the neutral trader’s sentiment stands at 5% short. Bulls have been in better positions so far.
Dollar/Yen lost 42 pips early in the session, but it did regain some ground and stood point 18% in the red at midday. Trading again has been slow, and bullish positions prevail by 23%. The overall trend suggests losses, but the low volume should soften the blow.
Pound/Yen was back near the opening level after walking in the total range of 69 pips. Traded volume is less than half this pair’s usual amount, and the sentiment is neutral at 8% short. Success depends on timing, but, once again, the low volume remains an issue.
And Euro/Yen’s gradual decline of 30 pips left it point 2% in the red at noon. There’s little volume for this pair, and the sentiment is strongly bullish at 35% long. Losses are quite likely, but the slow trading will keep them at bay.
You’ve been watching the Midday Snapshot for Wednesday with me, Jack Everitt. Things may pick up speed later in the day, so check back.
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