It’s time for the midday snapshot, where we assess the performance of traders until 12 PM GMT on this Wednesday. Euro/Dollar stood slightly in the red at noon after walking in a total range of 49 pips. Turnover is typical and neutral sentiment of the traders is 7% short. Both sides have had their profit chances as a single trend hasn’t formed. Pound/Dollar has been on a slide and it has resulted in a loss of point 68%. The Cable sees 29% less than typical funds and 10% more of them them have been in long positions. Decline has brought risks for those who were long, but the calm trading approach is the cushion for losses. Dollar/Yen slipped South of the 111 level as the pair plummeted by 60 pips before rebounding from the daily low. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 12%. Sharp decline makes profits more likely for those who were short. Pound/Yen took a sharp decline and it puts the pair almost 1% in the red at noon. Turnover is extremely high and sentiment of the traders is neutral, 10% long. The rate has dropped by a total of 156 pips, providing plenty of profit chances for short trades. Euro/Yen moved sharply lower as well and decline measures at a total of 90 pips. Traded volume is high and sentiment of the traders is neutral, short positions are up by 10%. Steep slide puts bearish market players in better positions so far today. That’s all for Wednesday’s Midday Snapshot.
It’s time for the midday snapshot, where we assess the performance of traders until 12 PM GMT on this Wednesday.
Euro/Dollar stood slightly in the red at noon after walking in a total range of 49 pips. Turnover is typical and neutral sentiment of the traders is 7% short. Both sides have had their profit chances as a single trend hasn’t formed.
Pound/Dollar has been on a slide and it has resulted in a loss of point 68%. The Cable sees 29% less than typical funds and 10% more of them them have been in long positions. Decline has brought risks for those who were long, but the calm trading approach is the cushion for losses.
Dollar/Yen slipped South of the 111 level as the pair plummeted by 60 pips before rebounding from the daily low. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 12%. Sharp decline makes profits more likely for those who were short.
Pound/Yen took a sharp decline and it puts the pair almost 1% in the red at noon. Turnover is extremely high and sentiment of the traders is neutral, 10% long. The rate has dropped by a total of 156 pips, providing plenty of profit chances for short trades.
Euro/Yen moved sharply lower as well and decline measures at a total of 90 pips. Traded volume is high and sentiment of the traders is neutral, short positions are up by 10%. Steep slide puts bearish market players in better positions so far today.
That’s all for Wednesday’s Midday Snapshot.
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