Let’s see how successful the morning session has been for the FX traders on this Thursday. Euro/Dollar has slipped by 39 pips to hit the daily low just pips above the 1 17 level. Turnover is low and sentiment of the traders is neutral, 10% long. Gradual decline has provided some profit opportunities for bearish market players. Pound/Dollar has been trending lower as well and a loss of point 16% was posted at noon. The Cable sees a typical amount of funds and most of the traders have been forecasting the pair to head higher, sentiment is 14% long. Decline has brought risks for bulls, but the narrow price movement range should help to limit losses. Dollar/Yen declined by 30 pips, but all of the loss was recovered afterwards. Traded volume is extremely low and most of the funds have been driven by bearish expectations. There shouldn’t be any significant moves in funds due to the narrow price movement range and slow trading approach. Pound/Yen has been mostly moving lower and a loss of point 15% was recorded at midday. Turnover is extremely low and sentiment is neutral, short positions are up by 2%. Bears have been in better positions, but no major shifts in trading accounts are likely here as well. Euro/Yen has moved South of the 130 level, declining by a total of 51 pips. Traders have used just half of the monthly average funds and neutral sentiment is at an even balance. The rate has been heading lower, providing profit opportunities for those who were short. I’m Kiays Khalil and this brings Thursday’s Midday Snapshot to an end.
Let’s see how successful the morning session has been for the FX traders on this Thursday.
Euro/Dollar has slipped by 39 pips to hit the daily low just pips above the 1 17 level. Turnover is low and sentiment of the traders is neutral, 10% long. Gradual decline has provided some profit opportunities for bearish market players.
Pound/Dollar has been trending lower as well and a loss of point 16% was posted at noon. The Cable sees a typical amount of funds and most of the traders have been forecasting the pair to head higher, sentiment is 14% long. Decline has brought risks for bulls, but the narrow price movement range should help to limit losses.
Dollar/Yen declined by 30 pips, but all of the loss was recovered afterwards. Traded volume is extremely low and most of the funds have been driven by bearish expectations. There shouldn’t be any significant moves in funds due to the narrow price movement range and slow trading approach.
Pound/Yen has been mostly moving lower and a loss of point 15% was recorded at midday. Turnover is extremely low and sentiment is neutral, short positions are up by 2%. Bears have been in better positions, but no major shifts in trading accounts are likely here as well.
Euro/Yen has moved South of the 130 level, declining by a total of 51 pips. Traders have used just half of the monthly average funds and neutral sentiment is at an even balance. The rate has been heading lower, providing profit opportunities for those who were short.
I’m Kiays Khalil and this brings Thursday’s Midday Snapshot to an end.
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