We’re halfway through this week’s last trading day, so let’s see how things are shaping up. Euro/Dollar’s initial rise of 65 pips was followed by a correction, but it still was point 15% in the green at noon. Traded volume is 69% up from the montly average, and the sentiment is neutral at just 2% short. Bulls have generally been in better positions, but bears did have some chances late in the session. The Cable started moving lower after 6 o’clock, and a decline of 59 pips left it point 13% down from the opening level at 12 o’clock. Trading has been somewhat slower than usual, and both sides are almost at a balance. The downtrend was more favourable for bears. Dollar/Yen dropped by 91 pips early in the session, and the total loss reached point 39% at midday. This pair sees 61% more funding than usual, and the neutral traders’s sentiment stands at 4% short. The initial drop was good news for bears, but the subsequent movement was limited. Pound/Yen has had a bearish session, and a loss of 116 pips left it point 52% down from the opening level at noon. Traders have used 64% more funding than usual, although their opinion has been divided, as short positions prevail just by 6%. The overall trend was very favourable for bears, but bulls actually had some upswings. And Euro/Yen’s single biggest move was a gain of 91 pips, but it still was point 24% in the red after 12 hours of trading. Once again, trading has been active, and most traders did anticipate a decline; short positions are up by 44%. Success clearly was possible, although timing was important. I’m Jessica Walker and this was the Midday Snapshot for Friday. Stay tuned for the latest updates.
We’re halfway through this week’s last trading day, so let’s see how things are shaping up.
Euro/Dollar’s initial rise of 65 pips was followed by a correction, but it still was point 15% in the green at noon. Traded volume is 69% up from the montly average, and the sentiment is neutral at just 2% short. Bulls have generally been in better positions, but bears did have some chances late in the session.
The Cable started moving lower after 6 o’clock, and a decline of 59 pips left it point 13% down from the opening level at 12 o’clock. Trading has been somewhat slower than usual, and both sides are almost at a balance. The downtrend was more favourable for bears.
Dollar/Yen dropped by 91 pips early in the session, and the total loss reached point 39% at midday. This pair sees 61% more funding than usual, and the neutral traders’s sentiment stands at 4% short. The initial drop was good news for bears, but the subsequent movement was limited.
Pound/Yen has had a bearish session, and a loss of 116 pips left it point 52% down from the opening level at noon. Traders have used 64% more funding than usual, although their opinion has been divided, as short positions prevail just by 6%. The overall trend was very favourable for bears, but bulls actually had some upswings.
And Euro/Yen’s single biggest move was a gain of 91 pips, but it still was point 24% in the red after 12 hours of trading. Once again, trading has been active, and most traders did anticipate a decline; short positions are up by 44%. Success clearly was possible, although timing was important.
I’m Jessica Walker and this was the Midday Snapshot for Friday. Stay tuned for the latest updates.
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