It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot. Euro/Dollar moved slowly South by a total of 30 pips and a loss of point 21 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is 8 percent long. Gradual decline has provided bears with some limited profit opportunities. Pound/Dollar has had a relatively slow day, high and low difference is 49 pips and traded volume is extremely low. Neutral sentiment of the traders is close to an even balance. Both the calm trading and the narrow price movement range are limiting factors for profits or losses. Dollar/Yen declined below the 110 level to trade point 17 percent in the red at noon. Traded volume is average and the neutral sentiment of the traders is 7 percent long. The gradual decline makes a successful start of the day more likely for those who were short. Pound/Yen declined by a total of 78 pips, before rising from the daily low. Traded volume is extremely low and most of the market players have been forecasting the pair to head higher. Traders saw risks during the decline, but the late rise was good news. Euro/Yen’s chart shows a downtrend and it puts the pair point 38 percent in the red. Traded volume is extremely low and sentiment of the traders is neutral, but long positions are up by 12 percent. Bears have been in better positions, but the passive trading approach is the limiting factor. I’m Kiays Khalil and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot.
Euro/Dollar moved slowly South by a total of 30 pips and a loss of point 21 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is 8 percent long. Gradual decline has provided bears with some limited profit opportunities.
Pound/Dollar has had a relatively slow day, high and low difference is 49 pips and traded volume is extremely low. Neutral sentiment of the traders is close to an even balance. Both the calm trading and the narrow price movement range are limiting factors for profits or losses.
Dollar/Yen declined below the 110 level to trade point 17 percent in the red at noon. Traded volume is average and the neutral sentiment of the traders is 7 percent long. The gradual decline makes a successful start of the day more likely for those who were short.
Pound/Yen declined by a total of 78 pips, before rising from the daily low. Traded volume is extremely low and most of the market players have been forecasting the pair to head higher. Traders saw risks during the decline, but the late rise was good news.
Euro/Yen’s chart shows a downtrend and it puts the pair point 38 percent in the red. Traded volume is extremely low and sentiment of the traders is neutral, but long positions are up by 12 percent. Bears have been in better positions, but the passive trading approach is the limiting factor.
I’m Kiays Khalil and that’s all for Wednesday’s Midday Snapshot. Goodbye for now.
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