This week’s second trading day is half way over and it’s time for us to reflect on the performance of the market players. I`m Ben Jones and you’re watching the Midday Snapshot. Euro/Dollar rose by a total of 92 pips and it was point 53% in the green at 12 o`clock after retreating slightly from the daily high. Traded volume is average and the sentiment is bearish, short positions are up by 25%. The rate has been mostly trending up, making losses more likely for market players. Pound/Dollar has walked in a narrow range of 42 pips, but it has attracted a typical amount of funds. Most have been forecasting the rate to move up, long positions dominate by 49%. Rate movement has been generally flat, so both profits and losses shouldn’t be major. Dollar/Yen was back near the opening level at noon after trading in a total range of 66 pips. Traded volume is average and the sentiment is neutral, close to a balance. There have been sharp rate shifts in both directions, providing both of the close to equal sides with their chances. Pound/Yen surged by 111 pips, but a following slide cancelled out some of the gains. Turnover is 35% down from the monthly average and the sentiment is neutral, 6% short. The steep rise was followed by a drop and success depends on the timing of the trades. Euro/Yen declined slightly from the high of 146 71, but it was still point 57% in the positive territory at midday. Traded volume is average and the sentiment is neutral, at a balance. Steep rise makes profits more likely for traders with long positions. This wraps up the Midday Snapshot for Tuesday, but these stats will be updated every hour, so stay tuned.
This week’s second trading day is half way over and it’s time for us to reflect on the performance of the market players. I`m Ben Jones and you’re watching the Midday Snapshot.
Euro/Dollar rose by a total of 92 pips and it was point 53% in the green at 12 o`clock after retreating slightly from the daily high. Traded volume is average and the sentiment is bearish, short positions are up by 25%. The rate has been mostly trending up, making losses more likely for market players.
Pound/Dollar has walked in a narrow range of 42 pips, but it has attracted a typical amount of funds. Most have been forecasting the rate to move up, long positions dominate by 49%. Rate movement has been generally flat, so both profits and losses shouldn’t be major.
Dollar/Yen was back near the opening level at noon after trading in a total range of 66 pips. Traded volume is average and the sentiment is neutral, close to a balance. There have been sharp rate shifts in both directions, providing both of the close to equal sides with their chances.
Pound/Yen surged by 111 pips, but a following slide cancelled out some of the gains. Turnover is 35% down from the monthly average and the sentiment is neutral, 6% short. The steep rise was followed by a drop and success depends on the timing of the trades.
Euro/Yen declined slightly from the high of 146 71, but it was still point 57% in the positive territory at midday. Traded volume is average and the sentiment is neutral, at a balance. Steep rise makes profits more likely for traders with long positions.
This wraps up the Midday Snapshot for Tuesday, but these stats will be updated every hour, so stay tuned.
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