It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts. Euro/Dollar has traded in a relatively narrow range of 34 pips, where the pair was heading up during the early trading hours, but gave up all of the gains as noon approached. Traded volume is average and neutral sentiment is 5% long. Both sides have had only limited profit chances due to the narrow price movement range. Pound/Dollar moved South hours into the trading day and decline has resulted in a loss of point 18%. The cable sees 83% more than typical funds and neutral sentiment is leaning towards the long side by 9%. Late decline was good news for bearish market players. Dollar/Yen retreated below the 112 level to trade point 16% in the red at noon. Trading has been typical in terms of volume and sentiment is neutral, long positions are up by 9%. Downtrend puts bearish market players in better positions so far today. Pound/Yen moved sharply lower after 1 AM and slide puts the pair point 34% in the negative territory. Trading has been active, volume is high and neutral sentiment is 14% long. Bears saw solid profit opportunities as the pair dropped. Euro/Yen has walked in a total range of 41 pips to trade slightly South of the opening level at 12 o’clock. Traded volume is average and most of the funds have been in short positions. There have been both chances and risks as the trend has been changing. I’m Jack Everitt and this was the Midday Snapshot for Friday.
It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts.
Euro/Dollar has traded in a relatively narrow range of 34 pips, where the pair was heading up during the early trading hours, but gave up all of the gains as noon approached. Traded volume is average and neutral sentiment is 5% long. Both sides have had only limited profit chances due to the narrow price movement range.
Pound/Dollar moved South hours into the trading day and decline has resulted in a loss of point 18%. The cable sees 83% more than typical funds and neutral sentiment is leaning towards the long side by 9%. Late decline was good news for bearish market players.
Dollar/Yen retreated below the 112 level to trade point 16% in the red at noon. Trading has been typical in terms of volume and sentiment is neutral, long positions are up by 9%. Downtrend puts bearish market players in better positions so far today.
Pound/Yen moved sharply lower after 1 AM and slide puts the pair point 34% in the negative territory. Trading has been active, volume is high and neutral sentiment is 14% long. Bears saw solid profit opportunities as the pair dropped.
Euro/Yen has walked in a total range of 41 pips to trade slightly South of the opening level at 12 o’clock. Traded volume is average and most of the funds have been in short positions. There have been both chances and risks as the trend has been changing.
I’m Jack Everitt and this was the Midday Snapshot for Friday.
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