The morning session is over on this Thursday, so let’s see how things are shaping up for the market players.
Euro/Dollar is on the rise, and a gain of 63 pips left it point 42% in the green at noon. Traded volume is a quarter up from the monthly average, and the sentiment is neutral at just 2% short. Bulls have been in much better positions so far.
The Cable’s initial gain of 56 pips was followed by a correction, which left it point 34% up from the opening level at midday. Traded volume is close to this pair’s usual amount, and the neutral traders sentiment stands at 3% long. The overall trend was more favourable for bulls, but bears did have some chances.
Dollar has risen against the Yen, gaining 77 pips. The overall increase reached point 36% at noon. Trading has been more active than usual, and the sentiment is neutral at 6% short. Once again, this has been a good day for bulls, whereas bears did face risks.
Pound/Yen follows the same pattern as it’s up by 140 pips. The pair stood point 7% in the green at 12 o’clock. This pair sees 25% more funding than usual, and most traders indeed had anticipated a rise, as long positions are up by 16%. Success is very likely, and the increased volume should increase the profits.
And Euro/Yen is yet another bullish pair, having gained point 131 pips or point 78%. Trading has been active, and traders sentiment, much like the rate movement, indeed is bullish at 16% long. This means that most traders have had a successful session.
I’m Jessica Walker and this was the Midday Snapshot for Thursday. We’ll be providing you with the latest data on an hourly basis, so check back.
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