It’s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players. Euro/Dollar shows limited rate movement of just 36 pips, but the pair has attracted 63 percent more than usual funds. Neutral sentiment of the traders is just 1 percent short. Both sides had have only limited profit opportunities due to the narrow price movement range. Pound/Dollar has been trending South and a loss of point 49 percent was posted at noon. The Cable sees 50 percent more than typical funds and most of them were in long positions. The rate went in the opposite direction to those forecasts, making losses more likely for investors. Dollar/Yen rose gradually by a total of just 25 pips and traders have used just half of the monthly average funds to trade this pair. Most of the traders have been forecasting the pair to head lower. Gradual rise has brought some risks, but both the passive trading and narrow price movement range suggest no significant moves in funds are likely. The session has been bearish for the Pound/Yen and a loss of point 42 percent was posted at noon. Traded volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts and losses are more likely. Euro/Yen has been calmer than usual, trading in a total range of just 41 pips. Traded volume is average and neutral sentiment of the traders is 3 percent short. The relatively narrow price movement range is the limiting factor for both of the close to equal sides. I’m Kiays Khalil and that’s it for this week’s opening edition of the Midday Snapshot.
It’s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players.
Euro/Dollar shows limited rate movement of just 36 pips, but the pair has attracted 63 percent more than usual funds. Neutral sentiment of the traders is just 1 percent short. Both sides had have only limited profit opportunities due to the narrow price movement range.
Pound/Dollar has been trending South and a loss of point 49 percent was posted at noon. The Cable sees 50 percent more than typical funds and most of them were in long positions. The rate went in the opposite direction to those forecasts, making losses more likely for investors.
Dollar/Yen rose gradually by a total of just 25 pips and traders have used just half of the monthly average funds to trade this pair. Most of the traders have been forecasting the pair to head lower. Gradual rise has brought some risks, but both the passive trading and narrow price movement range suggest no significant moves in funds are likely.
The session has been bearish for the Pound/Yen and a loss of point 42 percent was posted at noon. Traded volume is high and most of the traders have been forecasting the pair to head higher. It went in the opposite direction to those forecasts and losses are more likely.
Euro/Yen has been calmer than usual, trading in a total range of just 41 pips. Traded volume is average and neutral sentiment of the traders is 3 percent short. The relatively narrow price movement range is the limiting factor for both of the close to equal sides.
I’m Kiays Khalil and that’s it for this week’s opening edition of the Midday Snapshot.
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