We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by 49 pips after reaching the daily high and a slight loss was posted by noon. Turnover is average and neutral sentiment of the traders is 2% short. Bears had their profit opportunities as the rate moved South after 7 AM. The Cable declined by 56 pips hours into the trading day and the pair was point 11% in the red at midday. The Cable sees 21% less than typical funds and neutral sentiment is 7% long. Bears had their profit chances after the daily high was reached. Dollar/Yen moved up in a couple of waves to briefly breach the 111 level. Turnover is low and sentiment of the traders is neutral, but short positions are up by 12%. Both the slow trading and narrow price movement range are limiting factors. Pound/Yen declined gradually and the pair was only slightly in the red at 12 o’clock. Traded volume is average and most of the funds have been driven by bullish expectations. Gradual decline has brought some limited risks for market players. Euro/Yen’s rise was followed by a decline and the pair was back near the opening level at noon. Trading has been passive, volume is extremely low and most of the market players have been forecasting the pair to head higher. There were some profit opportunities during the early rise. I’m _______________ and that’s how traders have performed by noon GMT on this Friday.
We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance.
Euro/Dollar declined by 49 pips after reaching the daily high and a slight loss was posted by noon. Turnover is average and neutral sentiment of the traders is 2% short. Bears had their profit opportunities as the rate moved South after 7 AM.
The Cable declined by 56 pips hours into the trading day and the pair was point 11% in the red at midday. The Cable sees 21% less than typical funds and neutral sentiment is 7% long. Bears had their profit chances after the daily high was reached.
Dollar/Yen moved up in a couple of waves to briefly breach the 111 level. Turnover is low and sentiment of the traders is neutral, but short positions are up by 12%. Both the slow trading and narrow price movement range are limiting factors.
Pound/Yen declined gradually and the pair was only slightly in the red at 12 o’clock. Traded volume is average and most of the funds have been driven by bullish expectations. Gradual decline has brought some limited risks for market players.
Euro/Yen’s rise was followed by a decline and the pair was back near the opening level at noon. Trading has been passive, volume is extremely low and most of the market players have been forecasting the pair to head higher. There were some profit opportunities during the early rise.
I’m _______________ and that’s how traders have performed by noon GMT on this Friday.
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