The morning session is over on this Wednesday, so let’s see how things are shaping up for the market players. I’m Monica Gibson with the Midday Snapshot.
Euro/Dollar rose early on, but a following decline puts the pair point 27% in the red. Traded volume is high and sentiment of the traders is bearish, short positions are in the lead by 23%. Trading should be successful if it was done after the early rise.
Pound/Dollar rose during the early trading hours, but the following slide has resulted in a loss of point 21%. Trading has been active, volume is high and most of the market players have been forecasting the rate to move higher. Early hours provided some solid opportunities, but the change in trend was bad news.
Dollar/Yen has been on a rise and it puts the pair point 64% up from the opening level at midday. Trading has been active, volume is high and sentiment of the traders is bearish at 33% short. Steep rise makes losses more likely for investors.
Pound/Yen has been mostly trending higher and the pair was point 44% in the green at noon. Traded volume is low and sentiment of the market players is bullish at 23% long. Rate movement has been bullish as well, suggesting profits for market players.
Euro/Yen rose by a total of 69 pips to trade point 37% up from the opening level at 12 o’clock. Traded volume is average and sentiment of the traders is neutral, just 2% short. There have been plenty of chances for bulls, but losses are more likely for those who had short positions.
So that’s all for Wednesday’s Midday Snapshot, but these stats are updated throughout the day, so check back.
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