We’re halfway through the last trading day of the month; let’s see how things are shaping up for the market players. Euro/Dollar started moving higher after 6 o’clock, and a gain of 46 pips left it point 26% in the green at noon. Trading, however, has been somewhat slower than usual, and the neutral traders’ sentiment stands at 3% short. Bulls have been in better positions so far. The Cable did rebound after its drop of 77 pips, but it still stood point 33% down from the opening level at midday. Traded volume is 66% up from the monthly average, and most traders anticipated a rise, as bullish positions prevail by 23%. Some success was possible late in the session, but the overall trend makes losses more likely. Dollar/Yen was back at the starting point after walking in the total range of 37 pips. Trading has been typical in terms of funding, and the sentiment is neutral at 6% long. Success depends on timing, but it probably will be limited by the narrow rate movement. Pound/Yen’s single biggest move was a drop of 109 pips, and it stood point 33% in the red at 12 o’clock. Traded volume is much lower than usual, and the sentiment, much like the rate movement, indeed is bearish at 21% short. Success is likely, although more funding would’ve increased it. And Euro/Yen was slowly, but steadily trending higher for much of the session, gaining a total of point 26%. However, this pair sees less than half the usual amount of funding, and the sentiment is neutral at 11% short. Success is more likely for bulls, but the low volume and narrow rate movement should limit any shifts in funds. You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt. You may track the latest movements with the hourly updates.
We’re halfway through the last trading day of the month; let’s see how things are shaping up for the market players.
Euro/Dollar started moving higher after 6 o’clock, and a gain of 46 pips left it point 26% in the green at noon. Trading, however, has been somewhat slower than usual, and the neutral traders’ sentiment stands at 3% short. Bulls have been in better positions so far.
The Cable did rebound after its drop of 77 pips, but it still stood point 33% down from the opening level at midday. Traded volume is 66% up from the monthly average, and most traders anticipated a rise, as bullish positions prevail by 23%. Some success was possible late in the session, but the overall trend makes losses more likely.
Dollar/Yen was back at the starting point after walking in the total range of 37 pips. Trading has been typical in terms of funding, and the sentiment is neutral at 6% long. Success depends on timing, but it probably will be limited by the narrow rate movement.
Pound/Yen’s single biggest move was a drop of 109 pips, and it stood point 33% in the red at 12 o’clock. Traded volume is much lower than usual, and the sentiment, much like the rate movement, indeed is bearish at 21% short. Success is likely, although more funding would’ve increased it.
And Euro/Yen was slowly, but steadily trending higher for much of the session, gaining a total of point 26%. However, this pair sees less than half the usual amount of funding, and the sentiment is neutral at 11% short. Success is more likely for bulls, but the low volume and narrow rate movement should limit any shifts in funds.
You’ve been watching the Midday Snapshot for Friday with me, Jack Everitt. You may track the latest movements with the hourly updates.
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