We’re halfway through the trading day so let’s have a look at how traders have been performing with the Midday Snapshot.
First up is the Euro/Dollar which has been trading relatively flat, walking in a total range of only 27 pips, leaving it point 1% in the red at 12 o’clock. The pair has attracted an average amount of funds and sentiment of the trader’s is neutral at a balance. The small price movement suggests no major changes in accounts are likely.
The Cable declined by 111 pips to reach the low of 1 3162, and it now stands point 23% in the red at noon. Traded volume is average and the sentiment of traders is neutral at 12% short. The steady decline would have provided more opportunities for bears.
Dollar/Yen is next and it has seen a downward rate movement, with the spread between the daily high and low measuring 56 pips. The pair has been declining during the trading session and it now sits slightly in the red at 12PM. The pair has attracted an average amount of funds and traders sentiment is neutral at just 2% short. The gradual decline during the day would have been beneficial for bears.
Pound/Yen has been trading downward with volatility measuring at 178 pips, and it is currently point 33% in the red at 12PM GMT. The pair has had an extremely low amount of funds, and traders sentiment is neutral at a balance. The downward movement would have produced risks for bears.
And last for this overview is the Euro/Yen which too has seen a downtrend throughout the trading day leaving the currency pair point 19% in the red at midday. Total volatility measures at 71 pips. Traded volumes is high and sentiment of the traders is strongly bullish. Investors would have needed to be careful during the decline.
I’m Celeste Skinner and that wraps up today’s Midday Snapshot. Keep checking back in to see how these currency pairs continue to perform during the day.
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