It’s time for the midday snapshot, where we assess the performance of the traders until 12pm GMT this Wednesday. Euro/Dollar declined by 47 pips after 9 AM to post a loss of point 31 percent at noon. Traded volume is average and neutral sentiment of the traders is at an even balance. Late decline has provided profit opportunities for the bearish market players. Pound/Dollar stood point 17 percent in the red at midday after walking in a total range of 72 pips. The Cable sees nearly double the monthly average funds and sentiment of the traders is neutral, 6 percent long. Both sides have had their profit opportunities as a single trend didn’t form. Dollar/Yen shot up by 52 pips after hitting the daily low. Turnover is low and most of the market players have been forecasting the pair to head lower. It went in the opposite direction to those forecasts, but the calm trading is the cushion for bull losses. Pound/Yen rose after the early decline and the pair was back near the opening level at 12 o’clock. This pair sees 25 percent more than typical funds and most of them were driven by bullish expectations. Trading should be successful if it was done after the early decline. Euro/Yen was back near the opening level at midday after walking in a total range of 56 pips. Traders have used less than half of the monthly average funds trading this pair. Most of them have been forecasting it to head higher. There were some profit opportunities following the early decline. 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 declined by 47 pips after 9 AM to post a loss of point 31 percent at noon. Traded volume is average and neutral sentiment of the traders is at an even balance. Late decline has provided profit opportunities for the bearish market players.
Pound/Dollar stood point 17 percent in the red at midday after walking in a total range of 72 pips. The Cable sees nearly double the monthly average funds and sentiment of the traders is neutral, 6 percent long. Both sides have had their profit opportunities as a single trend didn’t form.
Dollar/Yen shot up by 52 pips after hitting the daily low. Turnover is low and most of the market players have been forecasting the pair to head lower. It went in the opposite direction to those forecasts, but the calm trading is the cushion for bull losses.
Pound/Yen rose after the early decline and the pair was back near the opening level at 12 o’clock. This pair sees 25 percent more than typical funds and most of them were driven by bullish expectations. Trading should be successful if it was done after the early decline.
Euro/Yen was back near the opening level at midday after walking in a total range of 56 pips. Traders have used less than half of the monthly average funds trading this pair. Most of them have been forecasting it to head higher. There were some profit opportunities following the early decline.
Well, that’s it for today, thank you for watching, have a wonderful Wednesday.
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