Sterling Jumps After 9 AM
January 11, 2019 12:59 pmVideo
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It’s midpoint of this week’s last trading, so let’s look back at the performance of the market players.
Euro/Dollar rose slowly by a total of 35 pips and a gain of point 21 percent has been posted. Traded volume is average and neutral sentiment of the traders is leaning towards the short side by 12 percent. Gradual uptrend makes profits more likely for bulls during this morning session.
Pound/Dollar shot up by 142 pips hours into the session and the pair stood point 55 in the green at noon. Trading has been active, volume is extremely high and sentiment of the traders is neutral, 3 percent long. Late surge was good news for bullish market players.
Dollar/Yen’s rate movement is flat, but the pair sees a typical amount of funds. Neutral sentiment of the traders is leaning towards the short side by 8 percent. No significant profits or losses are likely due to the narrow price movement range.
Pound/Yen jumped by 153 pips after hitting the daily low and a gain of point 58 percent has been recorded. Trading has been active, volume is extremely high and neutral sentiment of the traders is almost at an even balance. Late jump has provided solid profit opportunities for bulls.
Euro/Yen rose gradually to hit the daily high of 125. Traders have used just half of the monthly average funds trading this pair and most of them were in short positions. Gradual rise has brought some risks, but the passive trading approach should help to cushion losses.
I’m Kiays Khalil and that’s all for Friday’s Midday Snapshot.
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