Morning session is over on this Thursday so let’s see how market players have performed so far.
Euro/Dollar declined by 38 pips, but most of the loss was recovered in a following rise. Traded volume is average and the neutral sentiment of the traders is leaning towards the short side by 12%. Both sides have had their profit chances, but moves in funds should be limited by the rather narrow price movement range.
Pound/Dollar has surged by a total of 139 pips to trade point 85% up from the opening level at noon. The Cable sees a typical amount of funds and most of the traders have been bearish in their expectations. Steep rise suggests losses are more likely for investors.
Dollar/Yen has been trending higher and the pair stands point 3% in the positive territory. Traded volume is average and long positions dominate by 47%. Rate did go per the bullish expectations, making profits very much likely.
Pound/Yen has moved North by 200 pips and a solid gain of 1.16% was recorded at 12 o’clock. This pair has attracted 161% more than average funds and most of the traders have been forecasting the rate to move lower. Steep rise has brought risks for investors.
Euro/Yen’s rise puts the pair point 24% in the green at midday. Turnover is average and the neutral sentiment of the traders is 10% short. Uptrend was good news for those who had long positions.
I’m Sam Meredith and this was the Midday Snapshot for Thursday. Stay tuned for the hourly updates to track the latest changes in trader performance.
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