EUR/USD Approaches 1.18 Level
September 25, 2018 12:57 pmVideo
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It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players.
Euro/Dollar rose by 60 pips after the early decline to trade a quarter of a percent in the green at noon. Traded volume is average and sentiment of the traders is neutral at 14% short. Bears had their profit chances during the early trading hours, but the following rise was good news for bulls.
Pound/Dollar jumped after 7 AM and rise has resulted in a gain of point 36%. Turnover is typical and neutral sentiment of the traders is leaning towards the short side by 13%. Surge puts bullish market players in better positions so far today.
Dollar/Yen has walked in a narrow range of 22 pips, while attracting just half of the monthly average funds. Neutral sentiment is almost at an even balance. Both the flat rate movement and passive trading approach suggest no significant moves in funds are likely.
Pound/Yen has gained a total of 75 pips to trade point 39% in the green at noon. Traders have used less than half of the monthly average funds trading this pair and neutral sentiment is 7% short. Profits are more likely for bulls, but the passive trading approach is the limiting factor.
Euro/Yen has been trading higher after the early decline and a gain of point 27% was posted at 12 o’clock. Traded volume is high and most of the traders have been forecasting the pair to head lower. Steep rise has brought risks for investors.
You’ve been watching the Midday Snapshot with me, Kiays Khalil.
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