It’s 12 O’clock GMT on this Tuesday and time for the Midday Snapshot where we’ll assess the performance of the market players.
Euro/Dollar has been trending up and a gain of point 33% was posted at 12 o’clock. Traded volume is average and most of the funds were in short positions. The rate went in the opposite direction to those forecasts, making losses more likely.
Pound/Dollar has gained ground as well and the pair stood point 36% in the green at noon. The Cable sees 20% less than typical funds and neutral sentiment is leaning towards the short side by 14%.The rise makes a successful morning session very much likely for bulls.
Dollar/Yen has walked in a narrow range of 23 pips and traded volume is high. Most of the market participants have been in long positions, sentiment is strongly bullish, but the flat rate movement suggests no significant changes in funds are likely.
Pound/Yen has gained a total of 92 pips to trade point 3% in the green at 12 o’clock. This pair sees less than half of the monthly average funds and most of them were in short positions. The rate went in the opposite direction to those forecasts, but the passive trading approach is the cushion for losses.
Euro/Yen’s rise puts the pair point 27% in the positive territory. Traded volume is average and neutral sentiment of the traders is 12% long. Trading should be successful for the small majority of the traders that were in long positions.
I’m Kiays Khalil and this wraps up the Midday Snapshot for Tuesday.

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