The morning session is over on this Wednesday, and it’s time for the Midday Snapshot. Euro/Dollar moved sharply lower hours into the trading day and a loss of point 23% has been posted. Traded volume is extremely low and most of the funds were in long positions. Late decline has brought risks, but the slow trading approach is the cushion for losses. Pound/Dollar declined by a total of 45 pips, but a following rise wiped out some of the loss. The Cable sees less than half of the monthly average funds and sentiment is neutral, long positions are up by 12%. Both sides have had their chances as the rate rose from the daily low. Dollar/Yen rose from the daily low to trade slightly up form the opening level at noon. Traded volume is extremely low and sentiment of the traders is neutral, 7% short. Bears had their chances during the early trading hours, but the following rise was good news for bulls. Pound/Yen was mostly heading South, but some of the loss was cancelled out by a late rise. Turnover is extremely low and most of the funds were in long positions. Downtrend has brought risks for investors, but the passive trading approach is the cushion for losses. Euro/Yen has been trending South and decline has resulted in a loss of point 22%. Trading has been passive here as well and most of the traders have been forecasting the pair to head higher. Downtrend makes losses more likely, but they should be limited by the passive trading approach. You’ve been watching the Midday Snapshot for Wednesday with me, Kiays Khalil.
The morning session is over on this Wednesday, and it’s time for the Midday Snapshot.
Euro/Dollar moved sharply lower hours into the trading day and a loss of point 23% has been posted. Traded volume is extremely low and most of the funds were in long positions. Late decline has brought risks, but the slow trading approach is the cushion for losses.
Pound/Dollar declined by a total of 45 pips, but a following rise wiped out some of the loss. The Cable sees less than half of the monthly average funds and sentiment is neutral, long positions are up by 12%. Both sides have had their chances as the rate rose from the daily low.
Dollar/Yen rose from the daily low to trade slightly up form the opening level at noon. Traded volume is extremely low and sentiment of the traders is neutral, 7% short. Bears had their chances during the early trading hours, but the following rise was good news for bulls.
Pound/Yen was mostly heading South, but some of the loss was cancelled out by a late rise. Turnover is extremely low and most of the funds were in long positions. Downtrend has brought risks for investors, but the passive trading approach is the cushion for losses.
Euro/Yen has been trending South and decline has resulted in a loss of point 22%. Trading has been passive here as well and most of the traders have been forecasting the pair to head higher. Downtrend makes losses more likely, but they should be limited by the passive trading approach.
You’ve been watching the Midday Snapshot for Wednesday with me, Kiays Khalil.
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