It’s 12 o’clock and time for us to compare the sentiment of the traders with the actual rate movements for the five currency pairs. Euro/Dollar shows only limited rate movement – high and low difference is 28 pips, but the pair sees 30% more than typical funds. Sentiment of the traders is neutral, 3% long. No significant moves in trading accounts are likely due to the narrow price movement range. Pound/Dollar’s rise was followed by a sharp decline, which has resulted in a slight loss. The Cable has attracted 62% more than typical funds and neutral sentiment of the market players is 13% long. Bulls had their chances as the pair rose, but the pull back was a good chance for short positions. Dollar/Yen has been trending higher and it puts the pair point 2% up from the opening level at midday. Traded volume is average and neutral sentiment of the traders is 10% long. Gradual rise has provided plenty of profit opportunities for those who were long. Pound/Yen gained 72 pips, but the pair was back near midnight’s level at 12 o’clock. Turnover is typical and sentiment of the traders is neutral, 1% short. Changing trend has provided both of the close to equal sides with their profit chances. Euro/Yen has moved slowly higher by only 32 pips and traded volume is extremely low. Sentiment of the traders is neutral, 3% short. Bulls have been in better positions, but both the passive trading and the flat rate movement are limiting factors. I’m Jack Everitt and this brings Wednesday’s Midday Snapshot to an end. Tune in for the hourly updates to access the latest stats throughout the day.
It’s 12 o’clock and time for us to compare the sentiment of the traders with the actual rate movements for the five currency pairs.
Euro/Dollar shows only limited rate movement – high and low difference is 28 pips, but the pair sees 30% more than typical funds. Sentiment of the traders is neutral, 3% long. No significant moves in trading accounts are likely due to the narrow price movement range.
Pound/Dollar’s rise was followed by a sharp decline, which has resulted in a slight loss. The Cable has attracted 62% more than typical funds and neutral sentiment of the market players is 13% long. Bulls had their chances as the pair rose, but the pull back was a good chance for short positions.
Dollar/Yen has been trending higher and it puts the pair point 2% up from the opening level at midday. Traded volume is average and neutral sentiment of the traders is 10% long. Gradual rise has provided plenty of profit opportunities for those who were long.
Pound/Yen gained 72 pips, but the pair was back near midnight’s level at 12 o’clock. Turnover is typical and sentiment of the traders is neutral, 1% short. Changing trend has provided both of the close to equal sides with their profit chances.
Euro/Yen has moved slowly higher by only 32 pips and traded volume is extremely low. Sentiment of the traders is neutral, 3% short. Bulls have been in better positions, but both the passive trading and the flat rate movement are limiting factors.
I’m Jack Everitt and this brings Wednesday’s Midday Snapshot to an end. Tune in for the hourly updates to access the latest stats throughout the day.
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