Morning session is over on this week’s first trading day, so let’s see how market players have performed so far. It’s a slow session for the Euro/Dollar, which moved South by 34 pips, while attracting less than half of the monthly average funds. Most of the traders have been forecasting the pair to head lower. A gradual decline provided some limited profit opportunities after 7 AM. Pound/Dollar has traded in a total range of 59 pips to trade slightly in the red at noon. The Cable sees 40% less than typical funds and neutral sentiment is just 1% long. Both sides have seen limited profit opportunities due to the passive trading approach. Dollar/Yen’s traded volume is extremely low and the pair has walked in a narrow range of 23 pips. Most of the traders were in short positions, sentiment is bearish. Both the passive trading approach and the flat rate movement suggest no significant moves in funds are likely. Pound/Yen has moved up by 65 pips to trade a fraction in the green at noon. Traded volume is low and sentiment is neutral, short positions are up by 7%. Late rise provided some profit opportunities for bullish market players. There’s little going on for the Euro/Yen, rate movement is flat and traded volume is extremely low. Most of the traders have been forecasting the pair to head higher, but no significant shifts in trading accounts are likely. I’m Kiays Khalil and that’s it for Monday’s Midday Snapshot.
Morning session is over on this week’s first trading day, so let’s see how market players have performed so far.
It’s a slow session for the Euro/Dollar, which moved South by 34 pips, while attracting less than half of the monthly average funds. Most of the traders have been forecasting the pair to head lower. A gradual decline provided some limited profit opportunities after 7 AM.
Pound/Dollar has traded in a total range of 59 pips to trade slightly in the red at noon. The Cable sees 40% less than typical funds and neutral sentiment is just 1% long. Both sides have seen limited profit opportunities due to the passive trading approach.
Dollar/Yen’s traded volume is extremely low and the pair has walked in a narrow range of 23 pips. Most of the traders were in short positions, sentiment is bearish. Both the passive trading approach and the flat rate movement suggest no significant moves in funds are likely.
Pound/Yen has moved up by 65 pips to trade a fraction in the green at noon. Traded volume is low and sentiment is neutral, short positions are up by 7%. Late rise provided some profit opportunities for bullish market players.
There’s little going on for the Euro/Yen, rate movement is flat and traded volume is extremely low. Most of the traders have been forecasting the pair to head higher, but no significant shifts in trading accounts are likely.
I’m Kiays Khalil and that’s it for Monday’s Midday Snapshot.
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