We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players.
Euro/Dollar’s biggest move was a drop of 45 pips, and the pair stood point 24% in the red at noon. This pair sees the usual amount of funding, and the sentiment is neutral, although short positions are up by 12%. Success is more likely for the small majority of bears.
Pound/Dollar has seen a bumpy decline, and a loss of 56 pips left it point 41% down from the opening level at midday. Traded volume is in line with the monthly average, and the sentiment is neutral at 14% long. Bears have been in better positions so far.
Dollar/Yen was back near the opening level after walking in the total range of 42 pips. Once again, trading has been typical in terms of volume, and the neutral traders sentiment stands at 6% long. Success depends on timing, although it probably will be limited by the low volatility.
Pound/Yen has had a bearish session, trending lower by 77 pips. The total loss reached point 34% after 12 hours of trading. Trading has been slow at less than half the usual volume, but most traders indeed had anticipated a decline, as short positions are up by 34%. Trading should be successful, but profits will be limited by the low volume.
And Euro/Yen’s loss of 65 pips left it point 18% in the red at midday. Traded volume is 27% down from the monthly average, and traders sentiment is bearish at 19% short. The bearish rate movement was good news for traders, but more funding would have increased the profits.
I’m Jessica Walker and you’ve been watching the Midday Snapshot for Friday. Check back in throughout the day for the latest updates.
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