It’s 12 PM GMT this Tuesday, and it’s time for the Midday Snapshot.
Euro/Dollar went up by 47 pips early in the session, and it stood point 24% in the green at noon. Traded volume is 22% up from the monthly average, and the neutral traders sentiment is almost at a balance. Bulls have been in better positions so far.
The Cable is up as well, and a gain of 85 pips left it point 46% up from the opening level at midday. Trading has been typical in terms of volume, and the sentiment stands at a balance. Once again, the overall trend was more favourable for bulls.
Dollar/Yen started moving lower after 2 o’clock in the morning, and it stood point 61% in the red after losing 138 pips. Traded volume is 56% up from the monthly average, and the sentiment is neutral at 3% long. Bears have had some good chances throughout the day.
Pound/Yen stood point 15% down from the opening level after walking in the total range of 169 pips. Trading has been slow, and the neutral traders sentiment stands at 3% long. The low volume should limit any shifts in funds.
And Euro/Yen has had a bearish session, and it stood point 38% in the red after dropping by 118 pips. This pair sees 73% more funding than usual, and the sentiment, much like the rate movement, indeed is bearish at 22% short. This suggests trading has been successful for most traders.
I’m Sam Meredith and that’s how things look so far, but you can always track the latest data with the hourly updates.
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