It’s time for the midday snapshot, where we assess the performance of the traders until 12 pm GMT this Monday. Euro/Dollar has moved gradually up to trade slightly in the green at noon. Traded volume is extremely low and most of the funds were in short positions. Gradual rise has brought some risks, but the passive trading approach is the cushion. The Cable declined after 6 AM and a loss of point 4% has been posted. Turnover is low and neutral sentiment of the traders is 6% long. Slide makes a successful start of the day more likely for those who were short. Dollar/Yen dropped early on, but most of the loss was recovered in a following rise. Traded volume is extremely low and most of the traders have been forecasting the pair to head higher. Traders saw their profit opportunities after the pair hit the daily low. Pound/Yen has been trending south and slide has resulted in a loss of point 42%. Traders have used 37% less than typical funds trading this pair and most of the traders have been in short positions. The rate did go per those expectations and only the passive trading approach limits upside potential. Euro/Yen rose after the early decline to trade slightly up from the opening level at noon. Turnover is low and sentiment of the traders is neutral, 10% long. Bulls saw some profit chances as the pair gained 55 pips. That’s all for this midday snapshot with myself Jack Everitt.
It’s time for the midday snapshot, where we assess the performance of the traders until 12 pm GMT this Monday.
Euro/Dollar has moved gradually up to trade slightly in the green at noon. Traded volume is extremely low and most of the funds were in short positions. Gradual rise has brought some risks, but the passive trading approach is the cushion.
The Cable declined after 6 AM and a loss of point 4% has been posted. Turnover is low and neutral sentiment of the traders is 6% long. Slide makes a successful start of the day more likely for those who were short.
Dollar/Yen dropped early on, but most of the loss was recovered in a following rise. Traded volume is extremely low and most of the traders have been forecasting the pair to head higher. Traders saw their profit opportunities after the pair hit the daily low.
Pound/Yen has been trending south and slide has resulted in a loss of point 42%. Traders have used 37% less than typical funds trading this pair and most of the traders have been in short positions. The rate did go per those expectations and only the passive trading approach limits upside potential.
Euro/Yen rose after the early decline to trade slightly up from the opening level at noon. Turnover is low and sentiment of the traders is neutral, 10% long. Bulls saw some profit chances as the pair gained 55 pips.
That’s all for this midday snapshot with myself Jack Everitt.
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