Plenty of FX market shakers still on the agenda on this Wednesday, so let’s see how things have been shaping up for the traders so far. Euro/Dollar is not showing a lot of movement so far, high and low difference is only 28 pips and traders are on the sidelines, volume is low. Neutral sentiment is leaning towards the short side by 9%. Profits and losses are still yet to come as rate movement has been flat and trading slow. Pound/Dollar rose by more than 100 pips, but most of the gains have been given up later on. The Cable sees 67% more than typical funds and sentiment of the traders is neutral, 11% long. Both sides have had their profit opportunities as the rise was followed by a decline. Not a lot going on for the Dollar/Yen, rate movement is relatively flat and trading is extremely slow. Sentiment of the traders is neutral, almost at a balance. Both the passive trading and the flat rate movement indicate shifts in trading accounts shouldn’t be significant. Pound/Yen rose sharply to reach the high of 140 62, but most of the gains have been given up. Trading has been typical in terms of volume and most of the funds have been driven by bullish forecasts. There were solid profit opportunities shortly before the daily high was reached. Euro/Yen is trading sideways, high and low difference is 38 pips and traded volume is low. Sentiment of the traders is bearish, short positions are in the lead by 29%. No major changes in funds are likely as the rate movement has been flat and trading passive. I’m Kiays Khalil and that’s how things look so far, but do click back for the hourly updates to see if traders will manage to profit on the FOMC statement.
Plenty of FX market shakers still on the agenda on this Wednesday, so let’s see how things have been shaping up for the traders so far.
Euro/Dollar is not showing a lot of movement so far, high and low difference is only 28 pips and traders are on the sidelines, volume is low. Neutral sentiment is leaning towards the short side by 9%. Profits and losses are still yet to come as rate movement has been flat and trading slow.
Pound/Dollar rose by more than 100 pips, but most of the gains have been given up later on. The Cable sees 67% more than typical funds and sentiment of the traders is neutral, 11% long. Both sides have had their profit opportunities as the rise was followed by a decline.
Not a lot going on for the Dollar/Yen, rate movement is relatively flat and trading is extremely slow. Sentiment of the traders is neutral, almost at a balance. Both the passive trading and the flat rate movement indicate shifts in trading accounts shouldn’t be significant.
Pound/Yen rose sharply to reach the high of 140 62, but most of the gains have been given up. Trading has been typical in terms of volume and most of the funds have been driven by bullish forecasts. There were solid profit opportunities shortly before the daily high was reached.
Euro/Yen is trading sideways, high and low difference is 38 pips and traded volume is low. Sentiment of the traders is bearish, short positions are in the lead by 29%. No major changes in funds are likely as the rate movement has been flat and trading passive.
I’m Kiays Khalil and that’s how things look so far, but do click back for the hourly updates to see if traders will manage to profit on the FOMC statement.
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