It’s 12 o’clock on this Monday, so let’s see how successful it has been so far for FX traders. Euro/Dollar was heading up for hours, but a following decline has wiped out all of the gains. Traded volume is low and neutral sentiment of the traders is just 6% long. Both trends have lasted for hours, providing bulls and bears with their profit opportunities. Pound/Dollar took a slide hours into the trading day and it has resulted in a loss of point 47%. The Cable sees 12% less than typical funds and neutral sentiment is leaning towards the long side by 5%. Late slide makes profits more likely for those who were short. Dollar/Yen has been heading higher and rise puts the pair point 31% in the green. Traded volume is average and sentiment is neutral, short positions are up by 13%. The bullish rate movement suggests a successful morning session for those who were in long positions. Pound/Yen has seen its trend change and the pair was back near the opening level at midday. Traded volume is high and most of the traders have been forecasting the pair to head higher. Trading should be successful if it was done before the daily high was reached. Euro/Yen rose by more than 100 pips, but some of the gains were given up in a following correction. Traded volume is average and most of the traders have been forecasting the pair to head higher. Traders saw plenty of profit opportunities as the pair rose above the 130 level. I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
It’s 12 o’clock on this Monday, so let’s see how successful it has been so far for FX traders.
Euro/Dollar was heading up for hours, but a following decline has wiped out all of the gains. Traded volume is low and neutral sentiment of the traders is just 6% long. Both trends have lasted for hours, providing bulls and bears with their profit opportunities.
Pound/Dollar took a slide hours into the trading day and it has resulted in a loss of point 47%. The Cable sees 12% less than typical funds and neutral sentiment is leaning towards the long side by 5%. Late slide makes profits more likely for those who were short.
Dollar/Yen has been heading higher and rise puts the pair point 31% in the green. Traded volume is average and sentiment is neutral, short positions are up by 13%. The bullish rate movement suggests a successful morning session for those who were in long positions.
Pound/Yen has seen its trend change and the pair was back near the opening level at midday. Traded volume is high and most of the traders have been forecasting the pair to head higher. Trading should be successful if it was done before the daily high was reached.
Euro/Yen rose by more than 100 pips, but some of the gains were given up in a following correction. Traded volume is average and most of the traders have been forecasting the pair to head higher. Traders saw plenty of profit opportunities as the pair rose above the 130 level.
I’m Jack Everitt and that’s all for Monday’s Midday Snapshot.
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