The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players. I’m Sinead MacLaughlin and this is the Midday Snapshot. Euro/Dollar saw a drop after six o’clock, which set the daily volatility of 59 pips, but the subsequent movement was more bullish, and the pair stood point 1% in the red by noon. Traded volume is average, and the sentiment is neutral at 4% short. The decline puts bears in better positions, but bulls had their chances as well. The Cable’s drop of 121 pips was partially reversed by a subsequent rise, and the total loss reached point 38% at 12 o’clock. Trading has been average in terms of volume, and sentiment is neutral although long positions are up by 9%. Bears have had good opportunities for profit, but success is possible for bulls with proper timing. Dollar/Yen has had a relatively calm day, and it was back near the opening level after walking in the range of 29 pips. This pair sees less than half the usual funding, and the sentiment is neutral at 4% long. Both the sluggish rate movement and slow trading suggest that any major shifts in funds are unlikely. Pound/Yen is another Pound pair which has seen a strong drop followed by some rise, leaving it point 43% down from the opening level after 12 hours of trading. Traded volume is 43% down from its montly average, and sentiment is neutral at just 2% short. The strong decline makes profits likely for bears, although they will be limited by the slow trading. Euro/Yen’s trend has shifted as well, and the pair stood point 15% in the red at midday. Trading has been extremely active, and the sentiment again is neutral at 8% long. Success depends on timing, as both bears and bulls have had their chances. That’s all for Wednesday’s Midday Snapshot. Stay tuned for the hourly updates.
The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players. I’m Sinead MacLaughlin and this is the Midday Snapshot.
Euro/Dollar saw a drop after six o’clock, which set the daily volatility of 59 pips, but the subsequent movement was more bullish, and the pair stood point 1% in the red by noon. Traded volume is average, and the sentiment is neutral at 4% short. The decline puts bears in better positions, but bulls had their chances as well.
The Cable’s drop of 121 pips was partially reversed by a subsequent rise, and the total loss reached point 38% at 12 o’clock. Trading has been average in terms of volume, and sentiment is neutral although long positions are up by 9%. Bears have had good opportunities for profit, but success is possible for bulls with proper timing.
Dollar/Yen has had a relatively calm day, and it was back near the opening level after walking in the range of 29 pips. This pair sees less than half the usual funding, and the sentiment is neutral at 4% long. Both the sluggish rate movement and slow trading suggest that any major shifts in funds are unlikely.
Pound/Yen is another Pound pair which has seen a strong drop followed by some rise, leaving it point 43% down from the opening level after 12 hours of trading. Traded volume is 43% down from its montly average, and sentiment is neutral at just 2% short. The strong decline makes profits likely for bears, although they will be limited by the slow trading.
Euro/Yen’s trend has shifted as well, and the pair stood point 15% in the red at midday. Trading has been extremely active, and the sentiment again is neutral at 8% long. Success depends on timing, as both bears and bulls have had their chances.
That’s all for Wednesday’s Midday Snapshot. Stay tuned for the hourly updates.
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