Sterling Moves Sharply Up
November 22, 2018 12:49 pmVideo
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It’s time for the midday snapshot, where we assess the performance of traders until 12PM GMT this Thursday.
Euro/Dollar has shifted slowly up to trade point 27% in the green at noon. Trading has been passive, volume is extremely low and sentiment is neutral, 1% short. Gradual rise puts bulls in better positions so far, but the calm trading approach limits upside potential.
Pound/Dollar jumped towards the 1 30 level as midday approached and a solid gain of point 88% has been posted. The Cable sees a typical amount of funds and sentiment of the traders is neutral, 3% short. Surge puts bullish market players in better positions so far.
Dollar/Yen has been trending South and a slight loss was posted by midday. This pair sees just half of the monthly average funds and neutral sentiment of the traders is 5% short. Bears saw some chances, but the passive trading approach is the limiting factor.
Pound/Yen shot up by a massive 171 pips and the pair trades point 8% in the green at noon. Traded volume is average and most of the funds were in long positions. Rise makes profits very much likely for investors.
Euro/Yen rose gradually and a gain of point 19% was posted. Traded volume is extremely low and most of the funds were in short positions. Gradual rise has brought some risks, but no signification losses are likely.
That’s all for this midday snapshot with myself Kiays Khalil, thank you for watching.
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