Markets are back to action after the Easter weekend, so let’s take a closer look at the rate movements and trader performance. This is the Midday Snapshot. Euro/Dollar has had a bullish morning session, as a gain of 48 pips left it point 33% up from the opening level at noon. Traders have used 22% more funding than usual, but the majority of them had anticipated a decline, as short positions are up by 35%. This means that losses are likely. The Cable has seen some notable shifts during the day, but a late rise of 164 pips brought it point 89% in the green at midday. Trading has been active at more than twice the usual volume, and the neutral trader’s sentiment stands at 3% short. Success is very likely for bulls, but bears did have some chances as well. Dollar/Yen has seen a bumpy decline, and a loss of 55 pips left it point 29% in the red at midday. Traded volume is 28% up from the monthly average, and the sentiment is neutral at 10% long. Bears have been in much better positions so far. Pound/Yen is another Sterling pair which has seen a shift in trend, surging by 196 pips after 10 o’clock. The total gain reached point 6% after 12 hours of trading. Trading has been active, and the sentiment again is neutral at 9% long. Bulls have had some great opportunities, especially with good timing. And Euro/Yen’s initial decline was followed by a gain of 54 pips, which left it a fraction in the green at midday. Traded volume is 62% up from this pair’s usual amount, and the sentiment is neutral, although long positions are up by 13%. Both sides had their chances during the day. I’m Jessica Walker and this was the Midday Snapshot for Tuesday. Check back in throughout the day for the hourly updates.
Markets are back to action after the Easter weekend, so let’s take a closer look at the rate movements and trader performance. This is the Midday Snapshot.
Euro/Dollar has had a bullish morning session, as a gain of 48 pips left it point 33% up from the opening level at noon. Traders have used 22% more funding than usual, but the majority of them had anticipated a decline, as short positions are up by 35%. This means that losses are likely.
The Cable has seen some notable shifts during the day, but a late rise of 164 pips brought it point 89% in the green at midday. Trading has been active at more than twice the usual volume, and the neutral trader’s sentiment stands at 3% short. Success is very likely for bulls, but bears did have some chances as well.
Dollar/Yen has seen a bumpy decline, and a loss of 55 pips left it point 29% in the red at midday. Traded volume is 28% up from the monthly average, and the sentiment is neutral at 10% long. Bears have been in much better positions so far.
Pound/Yen is another Sterling pair which has seen a shift in trend, surging by 196 pips after 10 o’clock. The total gain reached point 6% after 12 hours of trading. Trading has been active, and the sentiment again is neutral at 9% long. Bulls have had some great opportunities, especially with good timing.
And Euro/Yen’s initial decline was followed by a gain of 54 pips, which left it a fraction in the green at midday. Traded volume is 62% up from this pair’s usual amount, and the sentiment is neutral, although long positions are up by 13%. Both sides had their chances during the day.
I’m Jessica Walker and this was the Midday Snapshot for Tuesday. Check back in throughout the day for the hourly updates.
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