We’re halfway through this week’s first trading day, so let’s see how things are shaping up for the market players. Euro/Dollar rose by 31 pips after half past 7, but a subsequent drop actually left it point 11% in the red at midday. The narrow rate movement still attracted 60% more funding than usual, and the neutral trader’s sentiment stands at 2% long. Success really depends on timing as the rate was moving back and forth during the day. The Cable’s initial rise of 51 pips was followed by a correction, but the pair still stood point 11% in the green at noon. Trading has been somewhat slower than usual, and the sentiment is neutral at just 1% short. The overall trend was more favourable for bulls, although bears did have some chances late in the session. Dollar/Yen’s daily volatility of 30 pips was posted during a rise, but a subsequent decline brought it back near the opening level at 12 o’clock. Traded volume is 23% up from this pair’s usual amount, and the sentiment is neutral at 1% long. Once again, timing has been key to success as no single trend has formed. Pound/Yen’s single biggest move was a gain of 70 pips, and it was point 18% in the green at midday. Traded volume is about a third down from the monthly average, and the neutral trader’s sentiment stands at 6% long. The uptrend makes success more likely for players with long positions. And Euro/Yen is yet another pair which was back near the opening level at noon. Its daily volatility reaches 38 pips, and trading has been average in terms of volume. As to the sentiment, it is somewhat bearish as short positions are up by 15% but, once again, a clear trend has not formed, so it’s hard to assess traders’ performance. I’m Jack Everitt and this was the Midday Snapshot for Monday. You may track the latest developments with the hourly updates.
We’re halfway through this week’s first trading day, so let’s see how things are shaping up for the market players.
Euro/Dollar rose by 31 pips after half past 7, but a subsequent drop actually left it point 11% in the red at midday. The narrow rate movement still attracted 60% more funding than usual, and the neutral trader’s sentiment stands at 2% long. Success really depends on timing as the rate was moving back and forth during the day.
The Cable’s initial rise of 51 pips was followed by a correction, but the pair still stood point 11% in the green at noon. Trading has been somewhat slower than usual, and the sentiment is neutral at just 1% short. The overall trend was more favourable for bulls, although bears did have some chances late in the session.
Dollar/Yen’s daily volatility of 30 pips was posted during a rise, but a subsequent decline brought it back near the opening level at 12 o’clock. Traded volume is 23% up from this pair’s usual amount, and the sentiment is neutral at 1% long. Once again, timing has been key to success as no single trend has formed.
Pound/Yen’s single biggest move was a gain of 70 pips, and it was point 18% in the green at midday. Traded volume is about a third down from the monthly average, and the neutral trader’s sentiment stands at 6% long. The uptrend makes success more likely for players with long positions.
And Euro/Yen is yet another pair which was back near the opening level at noon. Its daily volatility reaches 38 pips, and trading has been average in terms of volume. As to the sentiment, it is somewhat bearish as short positions are up by 15% but, once again, a clear trend has not formed, so it’s hard to assess traders’ performance.
I’m Jack Everitt and this was the Midday Snapshot for Monday. You may track the latest developments with the hourly updates.
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