Here’s a look at how market participants have fared over the morning session on this week’s first trading day.
Euro/Dollar declined by 47 pips, but all of the loss was wiped out in a following rise. Traded volume is low and the neutral sentiment of the traders is 11% short. Both sides have seen limited chances as the rate movement has been calmer than usual.
Pound/Dollar’s high and low difference measures at only 68 pips and traded volume is extremely low. Neutral sentiment of the traders is close to a balance at 4% long. Trading has been passive and rate movement flat, so moves in funds shouldn’t be major.
Dollar/Yen rose by 39 pips early in the session, but most of the gain has been given up in a following downtrend. Traded volume is extremely low and most of the market players have been forecasting the rate to head higher. Traders saw their chances early in the day, but both the passive trading and narrow price movement range are limiting factors.
Pound/Yen started moving lower after the high of 136 72 was reached and only a slight gain was posted at noon. Turnover is high and the neutral sentiment of the traders is at a balance. Both sides have had their profit chances as the trend has changed.
Euro/Yen’s day has been slow – high and low difference is 55 pips and traded volume is extremely low. Sentiment of the traders is bearish, most have been forecasting the rate to head South. Traders have seen both chances and risks, but the passive trading along with the narrow price movement range should limit changes in trading accounts.
I’m Kiays Khalil and that concludes the Midday Snapshot for Monday. Check back in throughout the day for the very latest updates of these stats.
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