I’m Sinead MacLaughlin with the Midday Snapshot where we take a look at how market participants have performed over the 12 hours to midday.
Euro/Dollar has walked in a narrow range of 36 pips and it was just slightly up from the opening level at noon. Traded volume is average and the sentiment is neutral, 4% long. The flat rate movement suggests no major moves in funds are likely.
The Cable surged by more than 100 pips after 9 o`clock and a gain of point 36% was recorded at midday. Pound/Dollar sees more than double the monthly average funds and the sentiment is neutral, 1% short. The late surge makes profits more likely for market players who had long positions.
Dollar/Yen’s morning session has been bullish and the rate was point 63% up from the opening level at 12 o`clock. Turnover is typical and the sentiment is neutral, long positions are up by 6%. This should be a successful morning session for the small majority of traders that had long positions.
Pound/Yen has surged by 202 pips and a gain of almost 1% was recorded after 12 hours of trading. This pair has attracted an average amount of funds and the sentiment is neutral, 4% long. There have been plenty of profit chances for bulls, but losses are more likely for bears.
Euro/Yen has been trending higher and uptrend has resulted in a gain of point 67%. Traders have used less than half of the monthly average funds on this pair and the sentiment is bullish, 15% long. The rate did go per the bullish forecasts and only the slow trading limits upside potential.
You’ve been watching the Midday Snapshot for Wednesday. Stay tuned throughout the day for the very latest updates of these stats.

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