The morning session is over on this Thursday, so let’s see how things are shaping up for the market players. Euro/Dollar declined half way through the session, but a following rebound took the rate just a couple of pips below the 1 16 level. Traded volume is average and sentiment of the traders is neutral, almost at a balance. Bears saw some chances early in the session, but the change in trend was good news for bulls. Pound/Dollar has been calmer than usual, trading in a total range of 55 pips, but the pair sees 81% more than typical funds. Most of the traders have been forecasting the pair to head lower. Traders saw some opportunities, but the narrow price movement range is the limiting factor. Dollar/Yen rose above the 110 level, but all of the gains were given up afterwards. Turnover is average and most of the traders have been forecasting the pair to head higher, sentiment is 10% long. Success depends on the timing of the trades as the trend has shifted. Pound/Yen has had a relatively slow day – high and low difference is 49 pips, but the pair has attracted 77% more than typical funds. Neutral sentiment of the traders is 9% short. There have been some chances, but the calm rate movement suggests no significant moves in funds are likely. Euro/Yen has been trending up and rise puts the pair point 2% in the green. Traded volume is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and only the passive trading approach limits upside potential. I’m Jack Everitt and this was the Midday Snapshot for Thursday.
The morning session is over on this Thursday, so let’s see how things are shaping up for the market players.
Euro/Dollar declined half way through the session, but a following rebound took the rate just a couple of pips below the 1 16 level. Traded volume is average and sentiment of the traders is neutral, almost at a balance. Bears saw some chances early in the session, but the change in trend was good news for bulls.
Pound/Dollar has been calmer than usual, trading in a total range of 55 pips, but the pair sees 81% more than typical funds. Most of the traders have been forecasting the pair to head lower. Traders saw some opportunities, but the narrow price movement range is the limiting factor.
Dollar/Yen rose above the 110 level, but all of the gains were given up afterwards. Turnover is average and most of the traders have been forecasting the pair to head higher, sentiment is 10% long. Success depends on the timing of the trades as the trend has shifted.
Pound/Yen has had a relatively slow day – high and low difference is 49 pips, but the pair has attracted 77% more than typical funds. Neutral sentiment of the traders is 9% short. There have been some chances, but the calm rate movement suggests no significant moves in funds are likely.
Euro/Yen has been trending up and rise puts the pair point 2% in the green. Traded volume is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and only the passive trading approach limits upside potential.
I’m Jack Everitt and this was the Midday Snapshot for Thursday.
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