We are halfway through the trading day and the weekend is finally within our grasp – but the trading day is still going so before we enjoy some days off, let’s see how traders have been performing with the Midday Snapshot. Euro/Dollar has been rising gradually, as the currency pair has walked in a total range of 43 pips. It has since declined from the high of 1 1188 but it still sits point 21% in the green at 12 o’clock. Trader’s have been enjoying this currency pair, as traded volume is extremely high – however, the sentiment of the traders is neutral, at 8% short. The spike would have provided profit opportunity for bulls and bears, but the narrow price movement range would have limited success. The Cable’s performance is looking similar, as the pair has walked in a total range of 69 pips, leaving it point 38% in the green at 12 PM. This pair hasn’t seen as much attention, as traded volume is low and the sentiment of the traders is neutral at 14% short. As the rate movement has generally been upward, there have been more chances for long positions. Dollar/Yen takes a different path, with a generally bearish movement leaving this pair just slightly in the red at noon, however, the daily volatility was just 27 pips. This pair also hasn’t been too popular, as traded volume is low and the trader’s sentiment is neutral, at an even balance. The downward trend means success is more likely for those who were short – but again because there wasn’t too much price movement the success is limited. Looking now at Pound/Yen which sits nicely in the green at point 33% at 12 PM GMT after walking in a total range of 88 pips. Traded volume is average for this cross, and the sentiment of the traders is neutral at 10% long. The spike would have provided both sides with opportunities, but overall bulls have had the most chances. And lastly for this report is Euro/Yen, which has a daily volatility of 44 pips, leaving it point 16% in the positive territory at midday. This cross also hasn’t seen too much action as traded volume is extremely low, however the sentiment, nonetheless, is bullish at 25% long. The gradual rise and following decline after the high of 124 46 would have given either side a chance of making some profit. So that’s where the market stands halfway through the last trading day of this week. However these stats are bound to change – so be sure to stay tuned for the hourly updates, and enjoy your weekend.
We are halfway through the trading day and the weekend is finally within our grasp – but the trading day is still going so before we enjoy some days off, let’s see how traders have been performing with the Midday Snapshot.
Euro/Dollar has been rising gradually, as the currency pair has walked in a total range of 43 pips. It has since declined from the high of 1 1188 but it still sits point 21% in the green at 12 o’clock. Trader’s have been enjoying this currency pair, as traded volume is extremely high – however, the sentiment of the traders is neutral, at 8% short. The spike would have provided profit opportunity for bulls and bears, but the narrow price movement range would have limited success.
The Cable’s performance is looking similar, as the pair has walked in a total range of 69 pips, leaving it point 38% in the green at 12 PM. This pair hasn’t seen as much attention, as traded volume is low and the sentiment of the traders is neutral at 14% short. As the rate movement has generally been upward, there have been more chances for long positions.
Dollar/Yen takes a different path, with a generally bearish movement leaving this pair just slightly in the red at noon, however, the daily volatility was just 27 pips. This pair also hasn’t been too popular, as traded volume is low and the trader’s sentiment is neutral, at an even balance. The downward trend means success is more likely for those who were short – but again because there wasn’t too much price movement the success is limited.
Looking now at Pound/Yen which sits nicely in the green at point 33% at 12 PM GMT after walking in a total range of 88 pips. Traded volume is average for this cross, and the sentiment of the traders is neutral at 10% long. The spike would have provided both sides with opportunities, but overall bulls have had the most chances.
And lastly for this report is Euro/Yen, which has a daily volatility of 44 pips, leaving it point 16% in the positive territory at midday. This cross also hasn’t seen too much action as traded volume is extremely low, however the sentiment, nonetheless, is bullish at 25% long. The gradual rise and following decline after the high of 124 46 would have given either side a chance of making some profit.
So that’s where the market stands halfway through the last trading day of this week. However these stats are bound to change – so be sure to stay tuned for the hourly updates, and enjoy your weekend.
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