Morning session is over on this Thursday and it’s time for us to take a look at the trader performance with the Midday Snapshot.
Euro/Dollar’s gradual rise was followed by a slide, which puts the pair point 17% in the red at noon. Traded volume is high and sentiment of the market players is bullish, long positions are up by 32%. There were some chances for traders early on, but the following slide was bad news.
Pound/Dollar has shot up by a total of 153 pips to trade almost 1% up from the opening level at midday. The Cable sees 64% more than typical funds and sentiment of the traders is neutral, 11% short. Steep rise suggests a successful morning session for those who had long positions.
Dollar/Yen’s early drop was followed by a rise, which cancelled out most of the loss. Trading has been active, volume is high and the neutral sentiment of the market players is just 1% long. Changing trend has provided both of the close to equal sides with their profit chances.
Pound/Yen dipped early on, but a steep rise puts it point 78% in the green at 12 o’clock. Traded volume is average and sentiment of the traders is neutral, 1% short. Early hours should be successful for bears, but the surge was good news for bullish market players.
Euro/Yen has been mostly flat after the early decline and a loss of point 37% was posted at noon. Traders have used just slightly more than half of the monthly average funds and sentiment is neutral, 1% long. Early drop provided solid profit chances for bears, but the passive trading is what should limit moves in funds.
I’m Jessica Walker and this was the Midday Snapshot for Thursday. These stats will be updated on an hourly basis, so stay tuned.
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