Here’s how traders have performed over the 12 hours to noon GMT on this Wednesday.
Euro/Dollar’s day has been calm in terms of rate movement, but traded volume is average. Neutral sentiment of the market players is close to a balance, standing just 1% short. Flat rate movement suggests no major moves in trading accounts are likely.
Pound/Dollar declined by 61 pips, but most of the loss was recovered in a following rise. The Cable sees 30% less than typical funds and the neutral sentiment of the traders is just 3% long. Shift in trend has provided profit chances for both sides, but the calm trading is what should limit profits and losses.
Dollar/Yen rose by 50 pips to stand point 19% in the green at noon. Traded volume is low and the neutral sentiment of the market players is at a balance. Uptrend makes a successful start of the day more likely for those who had long positions.
Pound/Yen rose in a couple of waves and last rise sent the rate up to the high of 131 35. Traded volume is average and the neutral sentiment of the market players is 9% long. Bulls have been in better positions, but the mid-session correction was good news for bears.
Euro/Yen’s rise has resulted in a gain of point 25%. This pair has attracted an average amount of funds and sentiment of the traders is neutral, standing at an even balance. Uptrend suggests a successful start of the day for bullish market players.
I’m Celeste Skinner and that’s it for Wednesday’s Midday Snapshot. Stay tuned for the hourly updates to access the most up-to-date stats throughout the day.
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