You’re watching Thursday’s FX Midday Snapshot brought to you by the Dukascopy TV Team. Euro/Dollar shows limited rate movement of 44 pips, but the pair has attracted an average amount of funds. Neutral sentiment is close to an even balance. Both sides have seen some opportunities, but the generally narrow price movement range is the limiting factor. Pound/Dollar declined by 55 pips, but most of the loss was recovered afterwards. The Cable sees 40% less than typical funds and sentiment of the traders is neutral, 10% long. Rate movement and trading approach both have been calmer than usual for this pair. Dollar/Yen has been trending South and a loss of point 22% was recorded at midday. Trading has been active, volume is high and most of the funds were in short positions. The rate did go per those expectations, making profits very much likely. Pound/Yen has moved lower by a total of 77 pips and the pair sees a typical amount of funds. Neutral sentiment of the traders is 14% long. Downtrend has provided plenty of profit opportunities for those who were in short positions. Euro/Yen declined towards the 130 level by a total of 68 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 5%. Downtrend puts bearish market players in better positions so far today. I’m Kiays Khalil and this wraps up Thursday’s Midday Snapshot.
You’re watching Thursday’s FX Midday Snapshot brought to you by the Dukascopy TV Team.
Euro/Dollar shows limited rate movement of 44 pips, but the pair has attracted an average amount of funds. Neutral sentiment is close to an even balance. Both sides have seen some opportunities, but the generally narrow price movement range is the limiting factor.
Pound/Dollar declined by 55 pips, but most of the loss was recovered afterwards. The Cable sees 40% less than typical funds and sentiment of the traders is neutral, 10% long. Rate movement and trading approach both have been calmer than usual for this pair.
Dollar/Yen has been trending South and a loss of point 22% was recorded at midday. Trading has been active, volume is high and most of the funds were in short positions. The rate did go per those expectations, making profits very much likely.
Pound/Yen has moved lower by a total of 77 pips and the pair sees a typical amount of funds. Neutral sentiment of the traders is 14% long. Downtrend has provided plenty of profit opportunities for those who were in short positions.
Euro/Yen declined towards the 130 level by a total of 68 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 5%. Downtrend puts bearish market players in better positions so far today.
I’m Kiays Khalil and this wraps up Thursday’s Midday Snapshot.
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