Morning session is over on this Tuesday, so let’s find out how the sentiment of the traders compares with the actual rate shifts. Euro/Dollar has been on a slide and it puts the pair point 42% in the red at 12 o’clock. Traded volume is average and neutral sentiment is 4% long. Bearish rate movement suggests a successful morning session for those who had short positions. Pound/Dollar has seen its trend change and the pair was back near the opening level at noon. The Cable sees 85% more than typical funds and neutral sentiment of the traders is 3% long. Both sides have had their profit chances as a single trend hasn’t formed. Dollar/Yen’s session has been bullish and the pair was point 32% in the green at midday. Turnover is low and most of the traders have been forecasting the pair to head South. It went in the opposite direction, making losses more likely. Pound/Yen’s steep rise was followed by a correction, which wiped out some of the gains. Traded volume is low and most of the funds have been driven by bullish expectations. Trading should be successful if it was done before the daily high was reached. Euro/Yen’s session has been slow – high and low difference is just 39 pips and traded volume is low. Neutral sentiment is leaning towards the short side by 7%. No significant moves in funds are likely due to the narrow price movement range and passive trading approach. I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Tuesday.
Morning session is over on this Tuesday, so let’s find out how the sentiment of the traders compares with the actual rate shifts.
Euro/Dollar has been on a slide and it puts the pair point 42% in the red at 12 o’clock. Traded volume is average and neutral sentiment is 4% long. Bearish rate movement suggests a successful morning session for those who had short positions.
Pound/Dollar has seen its trend change and the pair was back near the opening level at noon. The Cable sees 85% more than typical funds and neutral sentiment of the traders is 3% long. Both sides have had their profit chances as a single trend hasn’t formed.
Dollar/Yen’s session has been bullish and the pair was point 32% in the green at midday. Turnover is low and most of the traders have been forecasting the pair to head South. It went in the opposite direction, making losses more likely.
Pound/Yen’s steep rise was followed by a correction, which wiped out some of the gains. Traded volume is low and most of the funds have been driven by bullish expectations. Trading should be successful if it was done before the daily high was reached.
Euro/Yen’s session has been slow – high and low difference is just 39 pips and traded volume is low. Neutral sentiment is leaning towards the short side by 7%. No significant moves in funds are likely due to the narrow price movement range and passive trading approach.
I’m Kiays Khalil and you’ve been watching the Midday Snapshot for Tuesday.
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