It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar’s rate movement is relatively calm and the pair sees less than half of the monthly average funds. Most of the traders have been forecasting the pair to head higher. Both the narrow price movement range and passive trading approach are limiting factors. Pound/Dollar rose by a total of 90 pips and the pair stood point 55% in the green at noon. The Cable sees 38% less than typical funds and sentiment is neutral, 10% short. Steep rise puts bullish market players in better positions so far today. Dollar/Yen rose by 36 pips to move above the 112 level. Trading has been active, volume is high and sentiment of the traders is neutral, 12% short. Upward pressure has been stronger so far, putting bulls in better positions. Pound/Yen has been on a sharp rise and a gain of point 72% was posted at 12 o’clock. Traded volume is low and most of the traders have been in short positions. Uptrend has brought risks for investors, but the passive trading approach is the cushion. Euro/Yen retreated after rising above the 130 level and a gain of point 23% was posted at noon. Traded volume is extremely low and sentiment of the traders is neutral, 9% long. Both sides have had their chances as the pair moved South from the daily high. You’ve been watching the Midday Snapshot with me, Kiays Khalil.
It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players.
Euro/Dollar’s rate movement is relatively calm and the pair sees less than half of the monthly average funds. Most of the traders have been forecasting the pair to head higher. Both the narrow price movement range and passive trading approach are limiting factors.
Pound/Dollar rose by a total of 90 pips and the pair stood point 55% in the green at noon. The Cable sees 38% less than typical funds and sentiment is neutral, 10% short. Steep rise puts bullish market players in better positions so far today.
Dollar/Yen rose by 36 pips to move above the 112 level. Trading has been active, volume is high and sentiment of the traders is neutral, 12% short. Upward pressure has been stronger so far, putting bulls in better positions.
Pound/Yen has been on a sharp rise and a gain of point 72% was posted at 12 o’clock. Traded volume is low and most of the traders have been in short positions. Uptrend has brought risks for investors, but the passive trading approach is the cushion.
Euro/Yen retreated after rising above the 130 level and a gain of point 23% was posted at noon. Traded volume is extremely low and sentiment of the traders is neutral, 9% long. Both sides have had their chances as the pair moved South from the daily high.
You’ve been watching the Midday Snapshot with me, Kiays Khalil.
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