It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts. Euro/Dollar was climbing up for hours, but some of the gains were given up after the daily high was reached. Traded volume is average and neutral sentiment of the traders is just 4% long. Bulls had their chances during the uptrend, but the late correction was good news for bears. Pound/Dollar’s gradual rise was followed by a sharp decline. The Cable sees 78% more than typical funds and neutral sentiment is just 5% long. Both sides have had their profit opportunities as the trend has shifted. Dollar/Yen rose slightly after the steep decline, but the pair was still point 3% in the red at noon. Traded volume is average and neutral sentiment is leaning towards the short side by 7%. Steep decline makes profits more likely for those who had short positions. Pound/Yen declined by a total of 90 pips and the pair was point 33% South of the opening level at midday. Turnover is average and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, making losses more likely. Euro/Yen shows limited rate movement and the pair has attracted less than half of the monthly average funds. Neutral sentiment is just 7% long. Both the narrow price movement range and passive trading are limiting factors. I’m Kiays Khalil and this was the Midday Snapshot for Friday.
It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts.
Euro/Dollar was climbing up for hours, but some of the gains were given up after the daily high was reached. Traded volume is average and neutral sentiment of the traders is just 4% long. Bulls had their chances during the uptrend, but the late correction was good news for bears.
Pound/Dollar’s gradual rise was followed by a sharp decline. The Cable sees 78% more than typical funds and neutral sentiment is just 5% long. Both sides have had their profit opportunities as the trend has shifted.
Dollar/Yen rose slightly after the steep decline, but the pair was still point 3% in the red at noon. Traded volume is average and neutral sentiment is leaning towards the short side by 7%. Steep decline makes profits more likely for those who had short positions.
Pound/Yen declined by a total of 90 pips and the pair was point 33% South of the opening level at midday. Turnover is average and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, making losses more likely.
Euro/Yen shows limited rate movement and the pair has attracted less than half of the monthly average funds. Neutral sentiment is just 7% long. Both the narrow price movement range and passive trading are limiting factors.
I’m Kiays Khalil and this was the Midday Snapshot for Friday.
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