The morning session is over on this Tuesday, so let’s see how things have been shaping up for the market players. Euro/Dollar has shot up by more than 100 pips to break through the key 1 20 level. Trading has been active, volume is high and sentiment of the traders is neutral, 8% long. Trading should be successful for the small majority of the traders that had long positions. Pound/Dollar gave up some of the gains, but the pair was still point 22% in the green at noon. The Cable has attracted an average amount of funds and most of them have been driven by bullish expectations. Traders had plenty of profit chances before the daily high was reached. Dollar/Yen rose after hitting the daily low of 108 27. The pair sees almost double the monthly average funds and neutral sentiment of the market players is 2% long. Decline was followed by a rise, providing both sides with their profit opportunities. Pound/Yen was back near the opening level after trading in a total range of 69 pips. Turnover is average and sentiment of the traders is neutral, long positions are up by 3%. Both of the close to equal sides have had their chances as a single trend hasn’t formed. Euro/Yen rose steeply and rise has resulted in a gain of point 5%. Traders have used 66% more than typical funds trading this pair and sentiment of the traders is strongly bearish, short positions dominate by 47%. Steep rise makes losses more likely for investors. I’m Jessica Walker and that’s all for Tuesday’s Midday Snapshot.
The morning session is over on this Tuesday, so let’s see how things have been shaping up for the market players.
Euro/Dollar has shot up by more than 100 pips to break through the key 1 20 level. Trading has been active, volume is high and sentiment of the traders is neutral, 8% long. Trading should be successful for the small majority of the traders that had long positions.
Pound/Dollar gave up some of the gains, but the pair was still point 22% in the green at noon. The Cable has attracted an average amount of funds and most of them have been driven by bullish expectations. Traders had plenty of profit chances before the daily high was reached.
Dollar/Yen rose after hitting the daily low of 108 27. The pair sees almost double the monthly average funds and neutral sentiment of the market players is 2% long. Decline was followed by a rise, providing both sides with their profit opportunities.
Pound/Yen was back near the opening level after trading in a total range of 69 pips. Turnover is average and sentiment of the traders is neutral, long positions are up by 3%. Both of the close to equal sides have had their chances as a single trend hasn’t formed.
Euro/Yen rose steeply and rise has resulted in a gain of point 5%. Traders have used 66% more than typical funds trading this pair and sentiment of the traders is strongly bearish, short positions dominate by 47%. Steep rise makes losses more likely for investors.
I’m Jessica Walker and that’s all for Tuesday’s Midday Snapshot.
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