We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players.
Euro/Dollar rose sharply during the early trading hours to gain more than 100 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by just 2%. Early surge suggests a successful start of the day for those who were in long positions.
Pound/Dollar had a couple of steep rises and they have resulted in a gain of point 57%. The Cable sees a typical amount of funds and neutral sentiment is just 4% short. Rises have provided profit opportunities for bullish market players.
Dollar/Yen rose early in the day, but most of the gains have been given up afterwards. Turnover is average and neutral sentiment of the traders is leaning towards the short side by 6%. Bulls had their chances early on, but the following correction was good news for bears.
Pound/Yen jumped by 160 pips, stopping just pips below the 146 level. Traders have used 26% less than typical funds and neutral sentiment is 5% short. There have been plenty of profit chances for bulls, but the calm trading approach limits any moves in funds.
Euro/Yen shot up shortly after midnight and the pair stands point 9% in the green at 12 o’clock. Traded volume is extremely high and most of the funds have been in long positions. The rate did go per those estimates, making profits very much likely.
I’m Jack Everitt and this concludes the Midday Snapshot for Friday.

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