We’re halfway through the last trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. Euro/Dollar shows little rate movement, high and low difference is only 39 pips. Traded volume is average and sentiment of the traders is neutral, 5% short. No significant moves in trading accounts are likely due to the flat rate movement. Pound/Dollar declined by 70 pips to trade point 25% in the red at noon. The Cable sees 33% less than typical funds and most of them have been driven by bearish expectations. The rate did go per those expectations and a more active trading approach would have increased profits. Dollar/Yen was back near the opening level after walking in a total range of just 40 pips. Turnover is high and sentiment of the traders is neutral, but short positions are up by 12%. Both sides have had only limited profit chances due to the narrow price movement range. Pound/Yen dropped by more than 100 pips, but some of the loss was recovered in a following rise. Traded volume is low and most of the market players have been forecasting the pair to head lower. Decline has provided them with solid profit opportunities. Euro/Yen declined slowly by 50 pips to trade point 24% in the red at midday. The pair sees 64% more than typical funds and most of those have been in bullish positions. Gradual decline has brought risks for investors, but the narrow price movement range should help to cushion losses. I’m Jessica Walker and that’s it for Friday’s Midday Snapshot.
We’re halfway through the last trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot.
Euro/Dollar shows little rate movement, high and low difference is only 39 pips. Traded volume is average and sentiment of the traders is neutral, 5% short. No significant moves in trading accounts are likely due to the flat rate movement.
Pound/Dollar declined by 70 pips to trade point 25% in the red at noon. The Cable sees 33% less than typical funds and most of them have been driven by bearish expectations. The rate did go per those expectations and a more active trading approach would have increased profits.
Dollar/Yen was back near the opening level after walking in a total range of just 40 pips. Turnover is high and sentiment of the traders is neutral, but short positions are up by 12%. Both sides have had only limited profit chances due to the narrow price movement range.
Pound/Yen dropped by more than 100 pips, but some of the loss was recovered in a following rise. Traded volume is low and most of the market players have been forecasting the pair to head lower. Decline has provided them with solid profit opportunities.
Euro/Yen declined slowly by 50 pips to trade point 24% in the red at midday. The pair sees 64% more than typical funds and most of those have been in bullish positions. Gradual decline has brought risks for investors, but the narrow price movement range should help to cushion losses.
I’m Jessica Walker and that’s it for Friday’s Midday Snapshot.
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