The morning session is over on this Monday, so let’s see how things are shaping up. Euro/Dollar started moving lower after 4 o’clock in the morning, losing a total of 70 pips, and it stood point 47% in the red at noon. Traded volume is one third up from the monthly average, and the sentiment is neutral, although long positions prevail by 14% long. This makes losses quite likely for the small majority of bears. The Cable’s trend changed halfway through the session, and a loss of 96 pips left it a fraction down from the opening level at midday. Trading has been average in terms of volume, and the neutral traders’ sentiment stands at 6% long. The overall trend has been more favourable for bears, although bulls did have some chances early in the morning. Dollar/Yen’s daily high and low difference reaches 59 pips, and the pair stood a quarter in the red after 12 hours of trading. Traded volume is on the low side, and both sides are almost at a balance. Bears have been in better positions for most of the session. Pound/Yen dropped by 123 pips after half past 6, and the total loss reached point 34% at noon. Traded volume is in line with this pair’s usual amount, but most traders had anticipated a rise, as long positions prevail by 15%. Losses are quite likely, although some success was possible with good timing. And Euro/Yen has had a bearish session, losing a total of 120 pips or point 72% over the last 12 hours. This pair sees the usual amount of funding, and, for one, most traders did get the movement right; the sentiment is bearish at 21% short. This should be a successful start of the week for most traders. I’m Jessica Walker and this was the Midday Snapshot for Monday. Track the latest developments with the latest updates.
The morning session is over on this Monday, so let’s see how things are shaping up.
Euro/Dollar started moving lower after 4 o’clock in the morning, losing a total of 70 pips, and it stood point 47% in the red at noon. Traded volume is one third up from the monthly average, and the sentiment is neutral, although long positions prevail by 14% long. This makes losses quite likely for the small majority of bears.
The Cable’s trend changed halfway through the session, and a loss of 96 pips left it a fraction down from the opening level at midday. Trading has been average in terms of volume, and the neutral traders’ sentiment stands at 6% long. The overall trend has been more favourable for bears, although bulls did have some chances early in the morning.
Dollar/Yen’s daily high and low difference reaches 59 pips, and the pair stood a quarter in the red after 12 hours of trading. Traded volume is on the low side, and both sides are almost at a balance. Bears have been in better positions for most of the session.
Pound/Yen dropped by 123 pips after half past 6, and the total loss reached point 34% at noon. Traded volume is in line with this pair’s usual amount, but most traders had anticipated a rise, as long positions prevail by 15%. Losses are quite likely, although some success was possible with good timing.
And Euro/Yen has had a bearish session, losing a total of 120 pips or point 72% over the last 12 hours. This pair sees the usual amount of funding, and, for one, most traders did get the movement right; the sentiment is bearish at 21% short. This should be a successful start of the week for most traders.
I’m Jessica Walker and this was the Midday Snapshot for Monday. Track the latest developments with the latest updates.
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