We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players. Euro/Dollar took a slide hours into the session and it has resulted in a loss of point 48%. Traded volume is average and neutral sentiment of the traders is just 3% long. Late drop makes a successful morning session very much likely for those who were in short positions. Pound/Dollar has been trending South and a loss of point 37% was posted at noon. The Cable sees just half of the monthly average funds and neutral sentiment of the traders is 4% long. Downtrend makes profits more likely for bears, but the calm trading approach is the limiting factor. Dollar/Yen declined gradually by 23 pips and a slight loss was recorded at midday. Traded volume is extremely low and most of the funds were in short positions. Gradual decline has provided profit opportunities and a more active trading approach would have increased them. Pound/Yen declined sharply and the pair dropped by more than 100 pips. Trading has been passive, volume is extremely low and most of the funds were in long positions. Sharp slide has brought serious risks, but they should be cushioned by the passive trading approach. Euro/Yen plummeted hours into the session and the pair stood point 63% in the red at 12 o’clock. Traded volume is low and most of the funds were driven by bearish expectations. The rate did go per those estimates and profits are very much likely. I’m Jack Everitt and this concludes the Midday Snapshot for Friday.
We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players.
Euro/Dollar took a slide hours into the session and it has resulted in a loss of point 48%. Traded volume is average and neutral sentiment of the traders is just 3% long. Late drop makes a successful morning session very much likely for those who were in short positions.
Pound/Dollar has been trending South and a loss of point 37% was posted at noon. The Cable sees just half of the monthly average funds and neutral sentiment of the traders is 4% long. Downtrend makes profits more likely for bears, but the calm trading approach is the limiting factor.
Dollar/Yen declined gradually by 23 pips and a slight loss was recorded at midday. Traded volume is extremely low and most of the funds were in short positions. Gradual decline has provided profit opportunities and a more active trading approach would have increased them.
Pound/Yen declined sharply and the pair dropped by more than 100 pips. Trading has been passive, volume is extremely low and most of the funds were in long positions. Sharp slide has brought serious risks, but they should be cushioned by the passive trading approach.
Euro/Yen plummeted hours into the session and the pair stood point 63% in the red at 12 o’clock. Traded volume is low and most of the funds were driven by bearish expectations. The rate did go per those estimates and profits are very much likely.
I’m Jack Everitt and this concludes the Midday Snapshot for Friday.
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