It’s time for Wednesday’s midday snapshot, where we assess the performance of the traders until 12pm. Euro/Dollar rose to hit the daily high of 1 15 as noon approached. Trading has been active, volume is high and most of the funds were in short positions. The rate want in the opposite direction to those forecasts, making losses more likely. Pound/Dollar has gained more than 100 pips to trade point 36% in the green at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 5% short. Uptrend suggests a successful start of the day for those who were long. Dollar/Yen’s early rise was followed by a slide and it puts the pair point 17% in the red. This pair sees 63% more than typical funds and neutral sentiment is leaning towards the long side by 10%. Bulls had their chances early on, but the following decline was good news for bears. Pound/Yen moved towards the 149 level in a couple of waves. Trading has been passive, volume is extremely low and most of the funds were in short positions. Rises have brought some risks, but the slow trading approach is the cushion. Euro/Yen retreated after the early rise, but another shift higher has resulted in a gain of point 25%. Traded volume is average and most of the traders have been forecasting the pair to head lower. There were some chances as the rate pulled back, but risks have been there as well. Well, that’s it for today, thank you for watching, have a wonderful Wednesday.
It’s time for Wednesday’s midday snapshot, where we assess the performance of the traders until 12pm.
Euro/Dollar rose to hit the daily high of 1 15 as noon approached. Trading has been active, volume is high and most of the funds were in short positions. The rate want in the opposite direction to those forecasts, making losses more likely.
Pound/Dollar has gained more than 100 pips to trade point 36% in the green at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 5% short. Uptrend suggests a successful start of the day for those who were long.
Dollar/Yen’s early rise was followed by a slide and it puts the pair point 17% in the red. This pair sees 63% more than typical funds and neutral sentiment is leaning towards the long side by 10%. Bulls had their chances early on, but the following decline was good news for bears.
Pound/Yen moved towards the 149 level in a couple of waves. Trading has been passive, volume is extremely low and most of the funds were in short positions. Rises have brought some risks, but the slow trading approach is the cushion.
Euro/Yen retreated after the early rise, but another shift higher has resulted in a gain of point 25%. Traded volume is average and most of the traders have been forecasting the pair to head lower. There were some chances as the rate pulled back, but risks have been there as well.
Well, that’s it for today, thank you for watching, have a wonderful Wednesday.
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