It’s 12 o’clock this Tuesday, so let’s see how market players have been doing so far.
Euro/Dollar’s gradual uptrend puts the pair just slightly in the green at noon. Traded volume is average and the neutral sentiment of the traders is leaning towards the short side by 8%. Gradual uptrend makes profits more likely for bulls, but the narrow price movement range is the limiting factor.
Pound/Dollar has been moving slowly up and the pair stands point 32% up from the opening level at midday. Traded volume is average and sentiment of the traders is neutral, 14% short. Uptrend suggests a successful start of the day is more likely for those who had long positions.
Dollar/Yen declined by 62 pips after the early rise and a loss of point 1% was posted at 12 o’clock. Turnover is average and sentiment of the traders is neutral, just 3% short. Bulls saw some chances early on, but the following decline was good news for bears.
Pound/Yen has been traded in a narrow range of 59 pips, but the pair sees 49% more than typical funds. Sentiment of the traders is neutral, short positions are up by just 5%. Narrow price movement is the limiting factor for both sides.
Euro/Yen’s high and low difference is just 44 pips and traded volume is average. Neutral sentiment of the market players stands 8% short. Once again, the flat rate movement is what should limit moves in trading accounts.
I’m Sam Meredith and you’ve been watching the Midday Snapshot for Tuesday. Check back throughout the day for the latest updates.
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