Wednesday’s morning session is over, so let’s take a closer look at trader performance.
Euro/Dollar has walked in a total range of only 36 pips, attracting 30% less than average funds. Sentiment of the traders is neutral, standing almost at a balance. Flat rate movement, along with the slow trading suggest no major moves in trading accounts are likely.
Pound/Dollar’s day has been calmer than usual – high and low difference is 69 pips and traded volume is average. Neutral sentiment of the traders is 7% long. Bears have been in better positions, but the narrow price movement range is what suggests no major profits or losses should be expected.
Dollar/Yen rose sharply by a total of 100 pips and the pair stands point 5% up from the opening level at midday. Traded volume is average and neutral sentiment of the traders is leaning towards the long side by 12%. Sharp rise suggests a successful morning session is more likely for bulls.
Pound/Yen gave up some of the gains after hitting the high of 131 83. This pair sees 30% less than typical funds and the neutral sentiment of the traders is 8% long. Early hours should be successful for bulls, but the pull back was good news for bears.
Some of the gains were given up for Euro/yen as well, but the pair was still point 46% up from the opening level at noon. This pair sees more than double the monthly average funds and sentiment of the traders is neutral, 10% long. Early hours were in favor for bulls, but the correction provided some chances for bears as well.
I’m Kiays Khalil and that’s the situation so far, but today’s upcoming FOMC Meeting minutes could shake things up, so click back.
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