Morning session is over on this week’s first trading day, so let’s see how market players have performed so far. Euro/Dollar rose by 60 pips to trade point 15% in the green at noon. Traded volume is average and neutral sentiment of the traders is close to an even balance. Late rise puts bullish market players in better positions so far this week. Pound/Dollar dropped by 50 pips, but some of the loss has been recovered in a following rise. The Cable sees less than half of the monthly average funds and sentiment of the traders is neutral, 5% short. There were some chances for traders, but both the slow trading and narrow price movement range are limiting factors. Dollar/Yen has had a relatively slow session – high and low difference is 37 pips and traded volume is extremely low. Neutral sentiment is just 1% long. No significant moves in trading accounts are likely here as well. Pound/Yen has been trending lower and a loss of point 37% was posted at noon. Turnover is low and most of the traders have been forecasting the pair to head lower. It did go per those expectations, making profits very much likely. Euro/Yen declined early on, but all of the loss was recovered afterwards. Trading has been active, volume is high and most of the traders have been forecasting the pair to head higher. Trading should be successful if was done after the daily low was hit. I’m Jack Everitt and that’s it for Monday’s Midday Snapshot.
Morning session is over on this week’s first trading day, so let’s see how market players have performed so far.
Euro/Dollar rose by 60 pips to trade point 15% in the green at noon. Traded volume is average and neutral sentiment of the traders is close to an even balance. Late rise puts bullish market players in better positions so far this week.
Pound/Dollar dropped by 50 pips, but some of the loss has been recovered in a following rise. The Cable sees less than half of the monthly average funds and sentiment of the traders is neutral, 5% short. There were some chances for traders, but both the slow trading and narrow price movement range are limiting factors.
Dollar/Yen has had a relatively slow session – high and low difference is 37 pips and traded volume is extremely low. Neutral sentiment is just 1% long. No significant moves in trading accounts are likely here as well.
Pound/Yen has been trending lower and a loss of point 37% was posted at noon. Turnover is low and most of the traders have been forecasting the pair to head lower. It did go per those expectations, making profits very much likely.
Euro/Yen declined early on, but all of the loss was recovered afterwards. Trading has been active, volume is high and most of the traders have been forecasting the pair to head higher. Trading should be successful if was done after the daily low was hit.
I’m Jack Everitt and that’s it for Monday’s Midday Snapshot.
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