It`s noon GMT on this Tuesday and time for the Midday Snapshot where we`ll compare the sentiment of the traders with the actual rate movements for the five currency pairs. I`m Doireann McDermott. Euro/Dollar’s day has been bearish so far and downtrend has resulted in a loss of point 54%. Market players have traded with 55% more than usual funds and the sentiment is neutral, 5% long. This should be a successful morning session for bears, but losses are more likely for bullish market players. Pound/Dollar moved sharply South and it stood point 92% in the red at 12 o`clock. The cable has attracted more than double the monthly average funds and the sentiment is neutral, 3% short. Steep slide suggests a successful day is more likely for traders with short positions. Dollar/Yen declined by 64 pips hours into the trading day and a loss of point 17% was posted at midday. Turnover is only 19% up from the pair’s usual and the sentiment is strongly bullish, most have been forecasting the rate to move up. The late decline has brought some serious risks for investors. Pound/Yen dropped by a total of 257 pips and it stood more than 1% in the red after 12 hours of trading. Traded volume is average and the sentiment is neutral, 7% short. There have been plenty of solid profit chances for the bearish market players. Euro/yen has also moved sharply lower and a loss of point 73% was recorded at noon. Turnover is 27% up from the monthly average and the sentiment is neutral, 13% short. Just like for the other four pairs we have reviewed today, profits are more likely for those who had short positions. That’s it for now, but you can track the latest changes in trader performance by clicking back for the hourly updates.
It`s noon GMT on this Tuesday and time for the Midday Snapshot where we`ll compare the sentiment of the traders with the actual rate movements for the five currency pairs. I`m Doireann McDermott.
Euro/Dollar’s day has been bearish so far and downtrend has resulted in a loss of point 54%. Market players have traded with 55% more than usual funds and the sentiment is neutral, 5% long. This should be a successful morning session for bears, but losses are more likely for bullish market players.
Pound/Dollar moved sharply South and it stood point 92% in the red at 12 o`clock. The cable has attracted more than double the monthly average funds and the sentiment is neutral, 3% short. Steep slide suggests a successful day is more likely for traders with short positions.
Dollar/Yen declined by 64 pips hours into the trading day and a loss of point 17% was posted at midday. Turnover is only 19% up from the pair’s usual and the sentiment is strongly bullish, most have been forecasting the rate to move up. The late decline has brought some serious risks for investors.
Pound/Yen dropped by a total of 257 pips and it stood more than 1% in the red after 12 hours of trading. Traded volume is average and the sentiment is neutral, 7% short. There have been plenty of solid profit chances for the bearish market players.
Euro/yen has also moved sharply lower and a loss of point 73% was recorded at noon. Turnover is 27% up from the monthly average and the sentiment is neutral, 13% short. Just like for the other four pairs we have reviewed today, profits are more likely for those who had short positions.
That’s it for now, but you can track the latest changes in trader performance by clicking back for the hourly updates.
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