The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players. Euro/Dollar has been trending South and a loss of point 34% was posted at noon. Traded volume is average and neutral sentiment of the traders is 1% short. Bearish rate movement suggests a successful morning session is more likely for those who were in short positions. Pound/Dollar dropped below the 1 30 level to trade point 61% in the red at 12 o’clock. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the long side by 13%. Downtrend puts bearish market players in better positions here as well. Dollar/Yen has had a slow session, high and low difference is 23 pips and traded volume is extremely low. Sentiment of the traders is neutral, but long positions are up by 13%. Both the passive trading approach and the flat rate movement are limiting factors. Pound/Yen has been on a move lower to hit the daily low of 146 77. Turnover is high and neutral sentiment of the traders is 9% short. Steep decline has provided plenty of profit opportunities for those who were short. Euro/Yen took a slide as well and it has resulted in a loss of point 29%. Traded volume is low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and a more active trading approach would have increased profits. I’m Jack Everitt 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 has been trending South and a loss of point 34% was posted at noon. Traded volume is average and neutral sentiment of the traders is 1% short. Bearish rate movement suggests a successful morning session is more likely for those who were in short positions.
Pound/Dollar dropped below the 1 30 level to trade point 61% in the red at 12 o’clock. The Cable sees a typical amount of funds and neutral sentiment is leaning towards the long side by 13%. Downtrend puts bearish market players in better positions here as well.
Dollar/Yen has had a slow session, high and low difference is 23 pips and traded volume is extremely low. Sentiment of the traders is neutral, but long positions are up by 13%. Both the passive trading approach and the flat rate movement are limiting factors.
Pound/Yen has been on a move lower to hit the daily low of 146 77. Turnover is high and neutral sentiment of the traders is 9% short. Steep decline has provided plenty of profit opportunities for those who were short.
Euro/Yen took a slide as well and it has resulted in a loss of point 29%. Traded volume is low and most of the market players have been forecasting the pair to head lower. It did go per those expectations and a more active trading approach would have increased profits.
I’m Jack Everitt and that’s all for Wednesday’s Midday Snapshot.
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