We’re halfway through this week’s first trading day, so let’s see how things are shaping up for the market players. Euro/Dollar has been on a rise, stopping just pips below the 1 23 level as midday approached. The pair sees more than double the monthly average funds and neutral sentiment of the market players is 5% long. Uptrend suggests a successful morning session for those who had long positions. Pound/Dollar retreated from the daily high, but the pair was still point 29% in the green at noon. The Cable sees 140% more than typical funds and neutral sentiment is 9% long. Rise was good news for bulls, but the late decline has provided some chances for bears as well. Dollar/Yen has had a bearish session and decline puts the pair point 42% in the red. Turnover is high and neutral sentiment is leaning towards the long side by only 3%. There have been plenty of profit opportunities for bears, but losses are more likely for bulls. Pound/Yen has seen its trend change and the pair was back near the opening level at 12 o’clock. Traded volume is extremely high and sentiment of the traders is neutral, 2% long. Success depends on the timing of the trades as a single trend hasn’t formed. Euro/Yen rose by almost 100 pips, but some of the gains have been given up. Traded volume is high and neutral sentiment of the market players is 5% short. Steep rise has provided solid chances for bulls and only some profit opportunities were there for bears as midday approached. I’m Jack Everitt and that concludes the Midday Snapshot for Monday.
We’re halfway through this week’s first trading day, so let’s see how things are shaping up for the market players.
Euro/Dollar has been on a rise, stopping just pips below the 1 23 level as midday approached. The pair sees more than double the monthly average funds and neutral sentiment of the market players is 5% long. Uptrend suggests a successful morning session for those who had long positions.
Pound/Dollar retreated from the daily high, but the pair was still point 29% in the green at noon. The Cable sees 140% more than typical funds and neutral sentiment is 9% long. Rise was good news for bulls, but the late decline has provided some chances for bears as well.
Dollar/Yen has had a bearish session and decline puts the pair point 42% in the red. Turnover is high and neutral sentiment is leaning towards the long side by only 3%. There have been plenty of profit opportunities for bears, but losses are more likely for bulls.
Pound/Yen has seen its trend change and the pair was back near the opening level at 12 o’clock. Traded volume is extremely high and sentiment of the traders is neutral, 2% long. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen rose by almost 100 pips, but some of the gains have been given up. Traded volume is high and neutral sentiment of the market players is 5% short. Steep rise has provided solid chances for bulls and only some profit opportunities were there for bears as midday approached.
I’m Jack Everitt and that concludes the Midday Snapshot for Monday.
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