The morning session is over on this Wednesday, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by 64 pips, stopping just pips above the 1 16 level. Turnover is low and sentiment of the traders is neutral, at an even balance. Late decline has provided profit opportunities for those who were in short positions. Pound/Dollar has shifted South as well and a loss of point 23% was posted at noon. The Cable sees a typical amount of funds and neutral sentiment is at an even balance. Decline suggests a successful morning session is more likely for bears. Dollar/Yen moved South of the 110 level, but a following surge took it back above this key psychological level. Traded volume is average and sentiment is just 1% long. Bears had their chances during the early trading hours, but the following rise was good news for bulls. Pound/Yen has been on a slide moving South by a total of 86 pips. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 4% long. Trading should be successful for those who were in short positions, but the calm trading is the limiting factor. Euro/Yen declined by 77 pips before rebounding from the daily low. Traded volume is average and sentiment of the traders is neutral, long positions are up by just 4%. Downtrend lasted during most of the day, making profits more likely for bears. I’m Jack Everitt and this was the Midday Snapshot for Wednesday.
The morning session is over on this Wednesday, so let’s look back at the rate movements and trader performance.
Euro/Dollar declined by 64 pips, stopping just pips above the 1 16 level. Turnover is low and sentiment of the traders is neutral, at an even balance. Late decline has provided profit opportunities for those who were in short positions.
Pound/Dollar has shifted South as well and a loss of point 23% was posted at noon. The Cable sees a typical amount of funds and neutral sentiment is at an even balance. Decline suggests a successful morning session is more likely for bears.
Dollar/Yen moved South of the 110 level, but a following surge took it back above this key psychological level. Traded volume is average and sentiment is just 1% long. Bears had their chances during the early trading hours, but the following rise was good news for bulls.
Pound/Yen has been on a slide moving South by a total of 86 pips. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 4% long. Trading should be successful for those who were in short positions, but the calm trading is the limiting factor.
Euro/Yen declined by 77 pips before rebounding from the daily low. Traded volume is average and sentiment of the traders is neutral, long positions are up by just 4%. Downtrend lasted during most of the day, making profits more likely for bears.
I’m Jack Everitt and this was the Midday Snapshot for Wednesday.
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