Let’s take a look at how things have been shaping up for FX traders during the last morning session of this trading week. Euro/Dollar has moved further above the 1 16 level, gaining 58 pips, before a correction wiped out most of the gains. Turnover is average and neutral sentiment of the traders is 10% long. Both bulls and bears have had their profit chances as the trend shifted after the daily high was reached. Pound/Dollar has been trending higher and rise has resulted in a gain of point 24%. The Cable sees 45% more than typical funds and neutral sentiment of the traders is 2% short. Uptrend makes a successful morning session more likely for those who had long positions. Dollar/Yen’s decline puts the pair point 3% in the red at noon. Turnover is low and sentiment of the market players is neutral, 6% short. Bears had their profit chances as the rate declined, but the calm trading is the limiting factor for both sides. Pound/Yen has walked in a relatively narrow range of 45 pips, but the pair sees a typical amount of funds. Sentiment of the market players is neutral, 8% short. No significant profits or losses are likely due to the flat rate movement. Euro/Yen reached the daily high just shortly before 7 AM, but a following decline has taken the rate point 19% South of the opening level. Trading has been active, volume is extremely high and neutral sentiment of the traders is 1% short. Bears saw some solid profit opportunities as the pair declined hours into the session. I’m Celeste Skinner and this brings Friday’s Midday Snapshot to an end, but do click back for more on FX markets. Goodbye.
Let’s take a look at how things have been shaping up for FX traders during the last morning session of this trading week.
Euro/Dollar has moved further above the 1 16 level, gaining 58 pips, before a correction wiped out most of the gains. Turnover is average and neutral sentiment of the traders is 10% long. Both bulls and bears have had their profit chances as the trend shifted after the daily high was reached.
Pound/Dollar has been trending higher and rise has resulted in a gain of point 24%. The Cable sees 45% more than typical funds and neutral sentiment of the traders is 2% short. Uptrend makes a successful morning session more likely for those who had long positions.
Dollar/Yen’s decline puts the pair point 3% in the red at noon. Turnover is low and sentiment of the market players is neutral, 6% short. Bears had their profit chances as the rate declined, but the calm trading is the limiting factor for both sides.
Pound/Yen has walked in a relatively narrow range of 45 pips, but the pair sees a typical amount of funds. Sentiment of the market players is neutral, 8% short. No significant profits or losses are likely due to the flat rate movement.
Euro/Yen reached the daily high just shortly before 7 AM, but a following decline has taken the rate point 19% South of the opening level. Trading has been active, volume is extremely high and neutral sentiment of the traders is 1% short. Bears saw some solid profit opportunities as the pair declined hours into the session.
I’m Celeste Skinner and this brings Friday’s Midday Snapshot to an end, but do click back for more on FX markets. Goodbye.
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