You’re watching the Midday Snapshot where we take a look at how the market participants have performed over the 12 hours to midday.
Euro/Dollar declined by only 40 pips, but a following rise has wiped out most of the loss. Turnover s high and sentiment of the trades is neutral, long positions are in the lead by 4%. Both sides have had their profit chances, but the narrow price movement range is the limiting factor.
Pound/Dollar has been trending slowly South and decline has resulted in a loss of point 38%. The Cable sees a typical amount of funds and most of them have been driven by bullish expectations. Gradual decline makes losses more likely for investors.
Dollar/Yen’s early rise was followed by a decline, which has taken the rate back to the opening level. Traded volume is extremely low and neutral sentiment of the market players is leaning towards the short side by 10%. Bulls had their chances early on, but the following decline was good news for bears.
Pound/Yen took a slide and the pair was point 38% South of the opening level at 12 o’clock. Turnover is low and most of the traders have been forecasting the pair to move up. It went in the opposite direction to those forecasts, but the calm trading should help to cushion losses.
Euro/Yen has had a slow day – high and low difference is just 41 pips and traded volume is low. Sentiment of the traders is bearish, short positions outweigh long ones by 22%. Both the flat rate movement and the passive trading suggest no major moves in funds are likely.
I’m Celeste Skinner and this was the Midday Snapshot for Monday. Check back in throughout the day for the very latest updates of these stats.

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