We’re halfway through the trading day so let’s see how traders have been reacting to the rate shifts during the session with the Midday Snapshot. Euro/Dollar lost 72 pips to reach the daily low of 1 1721, however, it has since recovered some of the loss – but it still stands point 31% in the red at 12 o’clock. Traded volume for this pair is low, and sentiment of traders is neutral at 7% short. The downward spike would have provided both sides with opportunities. The Cable has seen a steep decline of 106 pips after the daily high of 1 2971 was reached, and it currently sits point 74% in red territory at midday. Pound/Dollar has attracted a high amount of funds, and the sentiment of traders is bullish at 27% long. The steep decline would have posed many risks for traders. Dollar/Yen has been moving upward throughout the session, high and low difference is 55 pips, and the pair currently rests point 45% in the green at 12 PM. Traded volume for this pair is low, and the sentiment of the traders is neutral at 7% short. Success depends on timing of the trade, but the general uptrend suggests bulls had more chances. Pound/Yen lost 114 pips during a steep decline after the daily high was reached, and it has not managed to recover, leaving the pair standing in red territory by point 3% at noon. The sentiment of traders is strongly bullish at 38% long, however, traded volume is nonethless low. The steep decline would have proved difficult for traders. And last for this overview is Euro/Yen which has walked in a total range of 59 pips and currently rests point 14% in the green at 12 PM GMT. The cross has been moving in waves during the session, traded volume is low and sentiment of the traders is strongly bullish at 47% long. The shifting trend would have provided both chances of risk and reward for traders. I’m Celeste Skinner and that’s all for today’s Midday Snapshot. But, as the FX market is always moving, be sure to check back in for all the latest stats.
We’re halfway through the trading day so let’s see how traders have been reacting to the rate shifts during the session with the Midday Snapshot.
Euro/Dollar lost 72 pips to reach the daily low of 1 1721, however, it has since recovered some of the loss – but it still stands point 31% in the red at 12 o’clock. Traded volume for this pair is low, and sentiment of traders is neutral at 7% short. The downward spike would have provided both sides with opportunities.
The Cable has seen a steep decline of 106 pips after the daily high of 1 2971 was reached, and it currently sits point 74% in red territory at midday. Pound/Dollar has attracted a high amount of funds, and the sentiment of traders is bullish at 27% long. The steep decline would have posed many risks for traders.
Dollar/Yen has been moving upward throughout the session, high and low difference is 55 pips, and the pair currently rests point 45% in the green at 12 PM. Traded volume for this pair is low, and the sentiment of the traders is neutral at 7% short. Success depends on timing of the trade, but the general uptrend suggests bulls had more chances.
Pound/Yen lost 114 pips during a steep decline after the daily high was reached, and it has not managed to recover, leaving the pair standing in red territory by point 3% at noon. The sentiment of traders is strongly bullish at 38% long, however, traded volume is nonethless low. The steep decline would have proved difficult for traders.
And last for this overview is Euro/Yen which has walked in a total range of 59 pips and currently rests point 14% in the green at 12 PM GMT. The cross has been moving in waves during the session, traded volume is low and sentiment of the traders is strongly bullish at 47% long. The shifting trend would have provided both chances of risk and reward for traders.
I’m Celeste Skinner and that’s all for today’s Midday Snapshot. But, as the FX market is always moving, be sure to check back in for all the latest stats.
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