It`s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players. I`m Doireann McDermott bringing you this Midday Snapshot.
Euro/Dollar hit the daily low of 1 2731 shortly before 7 AM and the following rise has resulted in a gain of point 17%. Traded volume is extremely low and the sentiment is neutral, close to a balance. Bears saw their opportunities during the early hours, but the following rise was good news for bullish market players.
Pound/Dollar rose sharply after 7 AM as well and a gain of point 22% was recorded at 12 o`clock. The Cable sees 38% less than typical funds and the sentiment is neutral, just 5% short. The late surge has brought solid chances for the bullish market players.
Dollar/Yen gained ground for more than 3 hours after midnight, but a following slide took the rate point 29% in the red at noon. Turnover is 49% up from the monthly average and the sentiment is bullish, 22% long. Traders had their chances during the early rise, but the following slide means risks.
Pound/Yen was back near the opening level at midday after trading in a total range of 75 pips. This pair has attracted less than half of the monthly average funds and the sentiment is bearish, 16% short. Traders have seen both chances and risks as the trend has been shifting.
Euro/Yen has seen its trend shift during the first half of this trading day and it was point 12% down from the opening level at midday. Trading has been slow, volume is 58% short of the monthly average and the sentiment is neutral. Shifting trend has provided both sides with their chances, but any moves in funds should be limited by the calm trading.
That`s it for now. We`ll be updating these stats every hour, so check back in.

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