It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot. Euro/Dollar moved slowly higher and a gain of point 21% was posted at noon. Traded volume is average and sentiment of the traders is bearish, most have been forecasting the pair to head lower. Gradual rise has brought some risks for investors. Pound/Dollar rose above the 1 40 level by a total of 75 pips. The Cable sees a typical amount of funds and neutral sentiment is 6% short. Uptrend suggests a successful morning session for those who were in long positions. Dollar/Yen dropped hours into the session and a loss of point 2% has been posted. Trading has been passive, volume is extremely low and most of the traders have been in long positions. Decline means risks for traders, but the passive trading approach is the limiting factor. Pound/Yen rose sharply by 69 pips hours into the session and a slight gain was recorded at midday. Traded volume is average and sentiment of the traders is bullish, 18% long. Traders saw solid profit opportunities as the pair jumped by 69 pips. Euro/Yen has been mostly trading sideways, high and low difference is just 45 pips. This pair sees just half of the monthly average funds and most of those have been driven by bearish expectations. Flat rate movement along with the passive trading approach suggest no significant moves in funds are likely. I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot.
Euro/Dollar moved slowly higher and a gain of point 21% was posted at noon. Traded volume is average and sentiment of the traders is bearish, most have been forecasting the pair to head lower. Gradual rise has brought some risks for investors.
Pound/Dollar rose above the 1 40 level by a total of 75 pips. The Cable sees a typical amount of funds and neutral sentiment is 6% short. Uptrend suggests a successful morning session for those who were in long positions.
Dollar/Yen dropped hours into the session and a loss of point 2% has been posted. Trading has been passive, volume is extremely low and most of the traders have been in long positions. Decline means risks for traders, but the passive trading approach is the limiting factor.
Pound/Yen rose sharply by 69 pips hours into the session and a slight gain was recorded at midday. Traded volume is average and sentiment of the traders is bullish, 18% long. Traders saw solid profit opportunities as the pair jumped by 69 pips.
Euro/Yen has been mostly trading sideways, high and low difference is just 45 pips. This pair sees just half of the monthly average funds and most of those have been driven by bearish expectations. Flat rate movement along with the passive trading approach suggest no significant moves in funds are likely.
I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
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