It’s 12 O’clock GMT on this Tuesday and time for the Midday Snapshot where we’ll assess the performance of the market players. Euro/Dollar took a slide, dropping by 114 pips as the pair moved towards the 1 15 level. Turnover is high and neutral sentiment of the traders is 2% short. The rate has been moving sharply lower, putting bearish market players in better positions so far today. Pound/Dollar dropped as well and slide puts the pair point 73% in the red at noon. The Cable sees 36% less than typical funds and sentiment of the traders is neutral, 8% long. Steep decline makes a successful start of the day very much likely for those who were short. Dollar/Yen rose slightly after hitting the daily low of 109 55. Traded volume is average and most of the funds have been driven by bearish expectations. Trading should be successful if it was done as the pair moved sharply lower during the early trading hours. Pound/Yen’s steep decline has resulted in a loss of almost 1%. Trading has been active, volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, bringing risks for investors. Euro/Yen has had a bearish run as well and it puts the pair close to 1% in the red. Turnover is low and sentiment of the traders is neutral, 2% long. Profits are more likely for those who were in short positions, but the calm trading approach is the limiting factor. I’m Jack Everitt and this wraps up the Midday Snapshot for Tuesday.
It’s 12 O’clock GMT on this Tuesday and time for the Midday Snapshot where we’ll assess the performance of the market players.
Euro/Dollar took a slide, dropping by 114 pips as the pair moved towards the 1 15 level. Turnover is high and neutral sentiment of the traders is 2% short. The rate has been moving sharply lower, putting bearish market players in better positions so far today.
Pound/Dollar dropped as well and slide puts the pair point 73% in the red at noon. The Cable sees 36% less than typical funds and sentiment of the traders is neutral, 8% long. Steep decline makes a successful start of the day very much likely for those who were short.
Dollar/Yen rose slightly after hitting the daily low of 109 55. Traded volume is average and most of the funds have been driven by bearish expectations. Trading should be successful if it was done as the pair moved sharply lower during the early trading hours.
Pound/Yen’s steep decline has resulted in a loss of almost 1%. Trading has been active, volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts, bringing risks for investors.
Euro/Yen has had a bearish run as well and it puts the pair close to 1% in the red. Turnover is low and sentiment of the traders is neutral, 2% long. Profits are more likely for those who were in short positions, but the calm trading approach is the limiting factor.
I’m Jack Everitt and this wraps up the Midday Snapshot for Tuesday.
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