It’s 12 o’clock on this week’s first trading day, so let’s see how the sentiment of the traders compares with the actual rate shifts. Euro/Dollar has been trending slowly up, gaining 39 pips as the pair approached 1 20 level. Turnover is low and neutral sentiment of the traders is close to an even balance. Gradual uptrend makes a successful start of the week more likely for those who had long positions. Pound/Dollar rose sharply after 7 AM and a gain of point 28% has been posted. The Cable sees 37% less than typical funds and most of them have been driven by bearish expectations. Traders saw some risks as the pair rose, but losses should be limited by the passive trading approach. Dollar/Yen rose by 39 pips as the pair moved towards the 110 level. Traders have used more than double the monthly average funds and neutral sentiment is 7% short. The rate has been heading higher, putting bullish market players in better positions. Pound/Yen shot up by a total of 92 pips and the pair was point 45% in the green at midday. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 6% short. Profits are more likely for bulls, but the passive trading approach is the limiting factor. Euro/Yen rose by 78 pips and a gain of point 44% was posted by noon. Turnover is high and most of the funds have been in long positions. The rate did go per those expectations and a more active trading approach would have increased profits. I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Monday.
It’s 12 o’clock on this week’s first trading day, so let’s see how the sentiment of the traders compares with the actual rate shifts.
Euro/Dollar has been trending slowly up, gaining 39 pips as the pair approached 1 20 level. Turnover is low and neutral sentiment of the traders is close to an even balance. Gradual uptrend makes a successful start of the week more likely for those who had long positions.
Pound/Dollar rose sharply after 7 AM and a gain of point 28% has been posted. The Cable sees 37% less than typical funds and most of them have been driven by bearish expectations. Traders saw some risks as the pair rose, but losses should be limited by the passive trading approach.
Dollar/Yen rose by 39 pips as the pair moved towards the 110 level. Traders have used more than double the monthly average funds and neutral sentiment is 7% short. The rate has been heading higher, putting bullish market players in better positions.
Pound/Yen shot up by a total of 92 pips and the pair was point 45% in the green at midday. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 6% short. Profits are more likely for bulls, but the passive trading approach is the limiting factor.
Euro/Yen rose by 78 pips and a gain of point 44% was posted by noon. Turnover is high and most of the funds have been in long positions. The rate did go per those expectations and a more active trading approach would have increased profits.
I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Monday.
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