We’re halfway through this week’s first trading day, so let’s see how things have been shaping up for the market players.
Euro/Dollar has been on a rise and the pair stood point 28% in the green at noon. Turnover is low and most of the market players have been forecasting the rate to go higher. It did go per those forecasts, making profits very much likely for investors.
Pound/Dollar declined by 113 pips, but a late bounce back has wiped out most of the loss. The Cable sees 60% more than typical funds and the neutral sentiment of the traders is 3% short. Drop was followed by a rise, providing both sides with their profit chances.
Dollar/Yen has been on a slide and it has resulted in a loss of point 38%. Traded volume is average and the neutral sentiment of the market players is 8% long. A successful morning session is more likely for those who had short positions.
Pound/Yen rose slightly from the low of 149 47, but the pair was still point 45% down from the opening level at 12 o’clock. This pair has attracted 52% more than typical funds and sentiment of the traders is bearish at 15% short. A couple of sharp declines makes profits very much likely for investors.
Euro/Yen rose after the early slide and only a slight loss was posted at noon. Traders have used almost double the monthly average funds and the neutral sentiment of the market players is just 2% long. Changing trend has provided both sides with their profit opportunities.
I’m Lucy Palfreeman and that concludes Monday’s Midday Snapshot, but these stats are updated throughout the day, so stay with us.
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