Midday Snapshot
October 9, 2018 12:45 pmVideo
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It’s time for the midday snapshot where we assess the performance of traders until 12PM GMT this Tuesday.
We start with the EUR/USD where a drop of 71 pips sees the pair point 52% in the red at midday. Trading has been active with 28% more than typical funds and sentiment is neutral. A good day for Bears here so far.
Next is the GBP/USD where a 73 pip drop sees the pair point 43% in the red at midday. Trading has been calm and sentiment is neutral. A solid day for bearish market players here.
Then we look at USD/JPY where the biggest move was a 46 pip jump. However, a subsequent drop off leaves the pair just point 01% in the green at midday. Trading has been average in terms of volume and sentiment is neutral at 11% long. No massive chances for traders here due to the narrow price movement range.
The penultimate pair is the GBP/JPY where a 105 pip drop sees the pair trade point 43% in the red at midday. Trading has been average in terms of volume and sentiment is strongly bullish at 47% long. A pretty bad day here for traders.
Finally we have the EUR/JPY where a drop of 90 pips sees the pair trade point 51% in the red at midday. Trading has been average in terms of volume and sentiment is strongly bullish at 47% long. Another poor day for traders with this pair.
That’s all for this midday snapshot with myself Jack Everitt, thank you for watching, we’ll be back with more Tomorrow.
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