The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players. Euro/Dollar’s rise was followed by a decline, which has taken rate back near the opening level. Turnover is high and neutral sentiment of the traders is at an even balance. Both of the equal sides have had their profit chances as the trend has shifted. Pound/Dollar has gained some ground and the pair stood point 29% in the green at noon. The Cable sees 73% more than typical funds and sentiment of the traders is neutral, 2% long. Bullish rate movement has provided solid profit chances for those who had long positions. Dollar/Yen has walked in a total range of just 29 pips, but traded volume is average. Sentiment of the traders is neutral, short positions are up by 11%. The generally narrow price movement range is the limiting factor for both sides. Pound/Yen has been on a rise and it has resulted in a gain of point 27%. Turnover is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits. Euro/Yen shows little rate movement, high and low difference is just 40 pips. Trading has been active, volume is high and neutral sentiment is 4% short. Rate movement has been calmer than usual, so no significant profits or losses are likely. I’m __________ and that’s all for Wednesday’s Midday Snapshot.
The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players.
Euro/Dollar’s rise was followed by a decline, which has taken rate back near the opening level. Turnover is high and neutral sentiment of the traders is at an even balance. Both of the equal sides have had their profit chances as the trend has shifted.
Pound/Dollar has gained some ground and the pair stood point 29% in the green at noon. The Cable sees 73% more than typical funds and sentiment of the traders is neutral, 2% long. Bullish rate movement has provided solid profit chances for those who had long positions.
Dollar/Yen has walked in a total range of just 29 pips, but traded volume is average. Sentiment of the traders is neutral, short positions are up by 11%. The generally narrow price movement range is the limiting factor for both sides.
Pound/Yen has been on a rise and it has resulted in a gain of point 27%. Turnover is low and most of the traders have been forecasting the pair to head higher. It did go per those expectations and a more active trading approach would have increased profits.
Euro/Yen shows little rate movement, high and low difference is just 40 pips. Trading has been active, volume is high and neutral sentiment is 4% short. Rate movement has been calmer than usual, so no significant profits or losses are likely.
I’m __________ and that’s all for Wednesday’s Midday Snapshot.
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