It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar took a slide to trade point 36 percent in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is just 5 percent short. Sharp decline makes a successful morning session very much likely for those who were in short positions. The Cable declined after 6 AM and a slight loss was posted at noon. The Cable sees 41 percent less than typical funds and neutral sentiment of the traders is 4 percent long. Bears had their chances as the rate dropped, but the passive trading approach is the limiting factor. Dollar/Yen rose during the early trading hours, giving up some of the gains in a following correction. Turnover is typical and neutral sentiment of the traders is just 3 percent long. Bulls had their chances during the early rise, but the following decline was good news for bearish market players. Pound/Yen’s trend changed after 6 AM and the pair was back near the opening level at noon. Trading has been active, volume high and the neutral sentiment of the traders is just 4 percent short. Success depends on the timing of the trades as the trend shifted during the day. Euro/Yen dropped by more than 100 pips after hitting the daily high and the slide has resulted in a loss of point 23 percent. Traded volume is average and sentiment of the traders is neutral at 4 percent long. Shifting trend makes timing the key for profitable trades. You’ve been watching the Midday Snapshot with me, Kiays Khalil.
It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players.
Euro/Dollar took a slide to trade point 36 percent in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is just 5 percent short. Sharp decline makes a successful morning session very much likely for those who were in short positions.
The Cable declined after 6 AM and a slight loss was posted at noon. The Cable sees 41 percent less than typical funds and neutral sentiment of the traders is 4 percent long. Bears had their chances as the rate dropped, but the passive trading approach is the limiting factor.
Dollar/Yen rose during the early trading hours, giving up some of the gains in a following correction. Turnover is typical and neutral sentiment of the traders is just 3 percent long. Bulls had their chances during the early rise, but the following decline was good news for bearish market players.
Pound/Yen’s trend changed after 6 AM and the pair was back near the opening level at noon. Trading has been active, volume high and the neutral sentiment of the traders is just 4 percent short. Success depends on the timing of the trades as the trend shifted during the day.
Euro/Yen dropped by more than 100 pips after hitting the daily high and the slide has resulted in a loss of point 23 percent. Traded volume is average and sentiment of the traders is neutral at 4 percent long. Shifting trend makes timing the key for profitable trades.
You’ve been watching the Midday Snapshot with me, Kiays Khalil.
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