It’s time for the midday snapshot, where we assess the performance of the traders until 12pm GMT this Wednesday. Euro/Dollar’s gradual decline was followed by a sharp rise, which puts the pair point 3% in the green. Traded volume is average and sentiment of the traders is neutral, short positions are up by 2%. There were some limited chances for bears early on, but the late surge was good news for bullish market players. Pound/Dollar declined by 47 pips, but all of the loss was recovered as the rate bounced back from the daily low. The Cable sees just half of the monthly average funds and neutral sentiment of the traders is 5% long. Both sides have seen only limited profit chances due to the passive trading approach. Dollar/Yen gained ground early in the session and a gain of point 15% was posted at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 8% long. Upward pressure has been stronger so far, providing profit opportunities for bullish traders. Pound/Yen has seen its trend change and only a slight gain was recorded at noon. This pair sees a typical amount of funds and most of them have been in short positions. Success depends on the timing of the trades as a single trend hasn’t formed. Euro/Yen has been trending higher and the pair stood point 45% in the positive territory at midday. Traded volume is average and most of the traders have been forecasting the pair to head South. It went in the opposite direction to those forecasts, bringing risks for investors. Well, that’s it for today, thank you for watching, have a wonderful Wednesday.
It’s time for the midday snapshot, where we assess the performance of the traders until 12pm GMT this Wednesday.
Euro/Dollar’s gradual decline was followed by a sharp rise, which puts the pair point 3% in the green. Traded volume is average and sentiment of the traders is neutral, short positions are up by 2%. There were some limited chances for bears early on, but the late surge was good news for bullish market players.
Pound/Dollar declined by 47 pips, but all of the loss was recovered as the rate bounced back from the daily low. The Cable sees just half of the monthly average funds and neutral sentiment of the traders is 5% long. Both sides have seen only limited profit chances due to the passive trading approach.
Dollar/Yen gained ground early in the session and a gain of point 15% was posted at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 8% long. Upward pressure has been stronger so far, providing profit opportunities for bullish traders.
Pound/Yen has seen its trend change and only a slight gain was recorded at noon. This pair sees a typical amount of funds and most of them have been in short positions. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen has been trending higher and the pair stood point 45% in the positive territory at midday. Traded volume is average and most of the traders have been forecasting the pair to head South. It went in the opposite direction to those forecasts, bringing risks for investors.
Well, that’s it for today, thank you for watching, have a wonderful Wednesday.
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