It’s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players. Start of the week has been slow for the Euro/dollar. The pair has been traded in a total range of only 23 pips and it has attracted less than half of the monthly average funds. Sentiment of the traders is neutral, long positions are up by just 12 percent. Both the passive trading approach and the calm rate movement suggest no significant profits or losses are likely. Pound/Dollar declined by 53 pips after 8 o’clock and a slight loss was posted at noon. The Cable sees a typical amount of funds and sentiment of the traders is neutral, close to an even balance. The late decline makes profits more likely for those who were in short positions. Dollar/Yen rose by a total of 48 pips to approach the 110 level. Trading has been typical in terms of volume and most of the traders have been forecasting the pair to head lower. The rate went in the opposite direction to those forecasts, making losses more likely for investors. Pound/Yen moved up by 77 pips, before giving up most of the gains after 8 AM. Traded volume is average and neutral sentiment of the traders is just one percent short. Bulls had their chances during the rise, but the late pull back was good news for bears. Euro/Yen’s chart shows uptrend and it has resulted in a gain of point 37 percent. Traded volume is extremely low and most of the traders have been forecasting the pair to head lower. Gradual rise has brought risks, but the passive trading approach is the cushion for losses. I’m Kiays Khalil and that’s it for this week’s opening edition of the Midday Snapshot.
It’s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players.
Start of the week has been slow for the Euro/dollar. The pair has been traded in a total range of only 23 pips and it has attracted less than half of the monthly average funds. Sentiment of the traders is neutral, long positions are up by just 12 percent. Both the passive trading approach and the calm rate movement suggest no significant profits or losses are likely.
Pound/Dollar declined by 53 pips after 8 o’clock and a slight loss was posted at noon. The Cable sees a typical amount of funds and sentiment of the traders is neutral, close to an even balance. The late decline makes profits more likely for those who were in short positions.
Dollar/Yen rose by a total of 48 pips to approach the 110 level. Trading has been typical in terms of volume and most of the traders have been forecasting the pair to head lower. The rate went in the opposite direction to those forecasts, making losses more likely for investors.
Pound/Yen moved up by 77 pips, before giving up most of the gains after 8 AM. Traded volume is average and neutral sentiment of the traders is just one percent short. Bulls had their chances during the rise, but the late pull back was good news for bears.
Euro/Yen’s chart shows uptrend and it has resulted in a gain of point 37 percent. Traded volume is extremely low and most of the traders have been forecasting the pair to head lower. Gradual rise has brought risks, but the passive trading approach is the cushion for losses.
I’m Kiays Khalil and that’s it for this week’s opening edition of the Midday Snapshot.
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