Find out if traders have managed to work out the currency rate movements as we reach the midpoint of this week`s last trading day.
Euro/Dollar shows limited rate movement – high and low difference measures at only 38 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders is 11% long. Narrow price movement range is the limiting factor for both bulls and bears.
Pound/Dollar stood just slightly in the green at midday after walking in a total range of 54 pips. The Cable has attracted an average amount of funds and most of them have been driven by bearish expectations. Relatively flat rate movement suggests no major moves in trading accounts are likely.
Dollar/Yen has been trending slowly higher to stand point 19% in the green at 12 o’clock. Turnover is average and neutral sentiment is leaning towards the short side by 9%. Gradual rise has provided some profit opportunities for those who were long.
Pound/Yen rose by a total of 59 pips and a gain of point 25% has been posted. This pair sees 21% less than typical funds and most of them have been driven by bullish expectations. The rate did go per those forecasts and a more active trading approach would have increased profits.
Euro/Yen has gained some ground as well and the pair was point 24% up from the opening level at noon. Trading has been active, volume is extremely high and sentiment is neutral at 7% short. Bullish rate movement makes profits more likely for those who had long positions.
I’m ____________ and that`s it for Friday`s Midday Snapshot. Goodbye for now.

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