The morning session is over on this Wednesday; let’s look back at the rate movements and trader performance. Euro/Dollar has seen limited movement, and it stood just point 1% the green at 12 o’clock. Trading has been slow as well, but the sentiment is bullish at 23% long. This has been a slow day, so any profits or losses will be limited. The Cable shot up after half past 8, gaining a total of 99 pips, but a subsequent correction left it point 16% in the green at midday. Traded volume is 57% up from the monthly average, and the neutral traders’ sentiment stands at 2% long. Success depends on timing, but it is somewhat more likely for bulls. Dollar/Yen was trending lower for most of the session, losing 42 pips, and the total loss reached point 26% at noon. This pair sees one third less funding than usual, and the sentiment is neutral, although short positions prevail by 10%. Trading should be successful for the small majority of bears. Pound/Yen’s biggest move was a drop of 106 pips, and the pair was point 1% in the red after 12 hours of trading. Traded volume is one third up from the monthly average, and both sides are almost at a balance. Bears have been in better positions so far, although bulls had some chances with exceptional timing. And Euro/Yen has had a bearish session, losing 52 pips and standing point 15% down from the opening level at midday. Traded volume is half the usual amount, and the sentiment is neutral at 6% short. The slow trading should limit any shifts in funds. I’m Jessica Walker and this was the Midday Snapshot. Stay tuned for the hourly updates.
The morning session is over on this Wednesday; let’s look back at the rate movements and trader performance.
Euro/Dollar has seen limited movement, and it stood just point 1% the green at 12 o’clock. Trading has been slow as well, but the sentiment is bullish at 23% long. This has been a slow day, so any profits or losses will be limited.
The Cable shot up after half past 8, gaining a total of 99 pips, but a subsequent correction left it point 16% in the green at midday. Traded volume is 57% up from the monthly average, and the neutral traders’ sentiment stands at 2% long. Success depends on timing, but it is somewhat more likely for bulls.
Dollar/Yen was trending lower for most of the session, losing 42 pips, and the total loss reached point 26% at noon. This pair sees one third less funding than usual, and the sentiment is neutral, although short positions prevail by 10%. Trading should be successful for the small majority of bears.
Pound/Yen’s biggest move was a drop of 106 pips, and the pair was point 1% in the red after 12 hours of trading. Traded volume is one third up from the monthly average, and both sides are almost at a balance. Bears have been in better positions so far, although bulls had some chances with exceptional timing.
And Euro/Yen has had a bearish session, losing 52 pips and standing point 15% down from the opening level at midday. Traded volume is half the usual amount, and the sentiment is neutral at 6% short. The slow trading should limit any shifts in funds.
I’m Jessica Walker and this was the Midday Snapshot. Stay tuned for the hourly updates.
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