It’s 12 o’clock this Friday, so let’s see where traders stand in terms of performance so far. Euro/Dollar rose just gradually and the pair sees 45% less than usual funds. Sentiment of the traders is neutral, short positions are up by 4%. Gradual rise makes profits more likely for bulls, but both the narrow price movement range and passive trading approach are limiting factors. Pound/Dollar moved towards the 1 30 level by a total of 50 pips and a gain of point 25% was posted at noon. The Cable sees just slightly more than half of the monthly average funds and neutral sentiment of the traders is 2% short. Bulls have been in better positions, but both the slow trading and narrow price movement range suggest no major moves in funds are likely. Dollar/Yen has been trending South and decline has resulted in a loss of point 32%. Turnover is low and sentiment of the traders is neutral, almost at an even balance. Decline makes a successful morning session more likely for those who had short positions. Pound/Yen has had a slow day – high and low difference is 51 pips and traded volume is extremely low. Sentiment of the market players is neutral, short positions are up by 9%. Rate movement has been relatively flat and trading passive so both profits and losses shouldn’t be significant. Euro/Yen has traded in a total range of just 44 pips, but the pair sees only 18% less than typical funds. Most of those have been driven by bearish expectations. Traders have seen only limited profit opportunities due to the narrow price movement range. I’m Kiays Khalil and that concludes Friday’s Midday Snapshot. Stay tuned for the hourly updates.
It’s 12 o’clock this Friday, so let’s see where traders stand in terms of performance so far.
Euro/Dollar rose just gradually and the pair sees 45% less than usual funds. Sentiment of the traders is neutral, short positions are up by 4%. Gradual rise makes profits more likely for bulls, but both the narrow price movement range and passive trading approach are limiting factors.
Pound/Dollar moved towards the 1 30 level by a total of 50 pips and a gain of point 25% was posted at noon. The Cable sees just slightly more than half of the monthly average funds and neutral sentiment of the traders is 2% short. Bulls have been in better positions, but both the slow trading and narrow price movement range suggest no major moves in funds are likely.
Dollar/Yen has been trending South and decline has resulted in a loss of point 32%. Turnover is low and sentiment of the traders is neutral, almost at an even balance. Decline makes a successful morning session more likely for those who had short positions.
Pound/Yen has had a slow day – high and low difference is 51 pips and traded volume is extremely low. Sentiment of the market players is neutral, short positions are up by 9%. Rate movement has been relatively flat and trading passive so both profits and losses shouldn’t be significant.
Euro/Yen has traded in a total range of just 44 pips, but the pair sees only 18% less than typical funds. Most of those have been driven by bearish expectations. Traders have seen only limited profit opportunities due to the narrow price movement range.
I’m Kiays Khalil and that concludes Friday’s Midday Snapshot. Stay tuned for the hourly updates.
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