The morning session is over on this Wednesday, so let’s see how things have been shaping up for the currency traders. I’m Monica Gibson with the Midday Snapshot. Euro/Dollar has been trending lower for most of the session, losing 1.25% or 156 pips. Traded volume is 27% down from this pair’s usual amount, and the sentiment is neutral at 6% short. Profits are very likely for the small majority of bears. The Cable started moving lower after 4 o’clock in the morning, and the pair stood point 74% in the red at midday. Traded volume is in line with the monthly average, and the sentiment is neutral at just 2% long. Going short has been the winning strategy for this pair as well. Dollar/Yen went up by 127 pips earlier in the session, although a subsequent correction left it point 82% up from the opening level at noon. Trading has been passive, and the sentiment is neutral at 3% short. Success is more likely for bulls, although it will be limited by the slow trading. Pound/Dollar’s initial rise was followed by a drop of 206 pips, and the pair was point 12% in the green at midday. This pair sees 46% more funding than usual, and the sentiment is strongly bullish at 48% long. Timing is essential for success as the rate movement shifted abruptly during the day. And Euro/Yen started moving lower after 5 o’clock in the morning, losing point 4% by 12 o’clock. Trading has been active at almost twice the usual volume, and the sentiment is completely neutral. Profits are very likely for bears, but bulls face risks. So that’s how things look so far, but you may follow the latest developments with the hourly updates.
The morning session is over on this Wednesday, so let’s see how things have been shaping up for the currency traders. I’m Monica Gibson with the Midday Snapshot.
Euro/Dollar has been trending lower for most of the session, losing 1.25% or 156 pips. Traded volume is 27% down from this pair’s usual amount, and the sentiment is neutral at 6% short. Profits are very likely for the small majority of bears.
The Cable started moving lower after 4 o’clock in the morning, and the pair stood point 74% in the red at midday. Traded volume is in line with the monthly average, and the sentiment is neutral at just 2% long. Going short has been the winning strategy for this pair as well.
Dollar/Yen went up by 127 pips earlier in the session, although a subsequent correction left it point 82% up from the opening level at noon. Trading has been passive, and the sentiment is neutral at 3% short. Success is more likely for bulls, although it will be limited by the slow trading.
Pound/Dollar’s initial rise was followed by a drop of 206 pips, and the pair was point 12% in the green at midday. This pair sees 46% more funding than usual, and the sentiment is strongly bullish at 48% long. Timing is essential for success as the rate movement shifted abruptly during the day.
And Euro/Yen started moving lower after 5 o’clock in the morning, losing point 4% by 12 o’clock. Trading has been active at almost twice the usual volume, and the sentiment is completely neutral. Profits are very likely for bears, but bulls face risks.
So that’s how things look so far, but you may follow the latest developments with the hourly updates.
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