It’s 12 o’clock on this week’s first trading day, so let’s see how the sentiment of the traders compares with the actual rate shifts. Euro/dollar hit the daily high of 1 16 after heading up during most of the session. Traded volume is average and sentiment of the traders is neutral, short positions are up by 7%. Uptrend makes a successful morning session more likely for those who were in long positions. Pound/Dollar has been on a rise as well and it puts the pair point 46% in the green. The Cable sees 38% less than typical funds and most of them were in short positions. Uptrend makes losses more likely, but they should be cushioned by the passive trading approach. Dollar/Yen took a slide and it has resulted in a loss of point 31%. Trading has been active, volume is extremely high and sentiment of the traders is neutral, long positions are up by 1%. Steep decline has provided plenty of profit opportunities for bearish market players. Pound/Yen’s gradual decline was followed by a sharp rise and it puts the pair slightly in the green. Traded volume is average and sentiment of the traders is neutral, close to an even balance. Bears had their chances early on, but the following rise was good news for bulls. Euro/Yen has seen its trend change as well and the pair has attracted 23% less than typical funds. Neutral sentiment of the traders is leaning towards the short side by 6%. Both trends have lasted for hours, providing plenty of profit opportunities for bulls and bears. I’m Jack Everitt and you’ve been watching the Midday Snapshot for Monday.
It’s 12 o’clock on this week’s first trading day, so let’s see how the sentiment of the traders compares with the actual rate shifts.
Euro/dollar hit the daily high of 1 16 after heading up during most of the session. Traded volume is average and sentiment of the traders is neutral, short positions are up by 7%. Uptrend makes a successful morning session more likely for those who were in long positions.
Pound/Dollar has been on a rise as well and it puts the pair point 46% in the green. The Cable sees 38% less than typical funds and most of them were in short positions. Uptrend makes losses more likely, but they should be cushioned by the passive trading approach.
Dollar/Yen took a slide and it has resulted in a loss of point 31%. Trading has been active, volume is extremely high and sentiment of the traders is neutral, long positions are up by 1%. Steep decline has provided plenty of profit opportunities for bearish market players.
Pound/Yen’s gradual decline was followed by a sharp rise and it puts the pair slightly in the green. Traded volume is average and sentiment of the traders is neutral, close to an even balance. Bears had their chances early on, but the following rise was good news for bulls.
Euro/Yen has seen its trend change as well and the pair has attracted 23% less than typical funds. Neutral sentiment of the traders is leaning towards the short side by 6%. Both trends have lasted for hours, providing plenty of profit opportunities for bulls and bears.
I’m Jack Everitt and you’ve been watching the Midday Snapshot for Monday.
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