We are halfway through the trading day so let’s have a look at how traders have been performing with the Midday Snapshot.
Euro/Dollar has been trading relatively flat, the total spread is only 40 pips. The pair spiked around 7AM this morning, reaching the high of 1 1355, and it currently sits point 24% in the green at noon. The pair has attracted an average amount of funds, and sentiment of the traders is bullish at 27% long. The spike would have provided chances for investors.
The Cable saw a spike around 7AM this morning, leaving it point 41% in the green at midday. Volatility measures at 83 pips. Traded volume is average, and traders’ sentiment is Bearish at 26% short. The spike would have provided both risk and benefits for traders.
Dollar/Yen’s movement has been flat, with the difference between the high and low equaling just 45 pips. The pair has gained slightly from the daily low, but it is still trading point 22% in the red at 12PM. Dollar/Yen has had a low amount of funds, and the sentiment of traders is neutral at 6% long. The narrow price movement suggest no major changes in accounts was likely.
Pound/Yen has been rising during the day, spiking around 8AM GMT this morning. Total volatility is 90 pips and the pair is currently trading point 19% in the green at 12 o’clock. The pair has had an average amount of funds and sentiment of the traders is bullish at 26% long. The general uptrend and spike would have provided opportunities for investors.
And last for this overview is Euro/Yen which has walked in a narrow range of 39 pips and it is just slightly in the red at 12PM GMT. Traded volume has been extremely low, and the sentiment of traders has been strongly bullish at 47% long. Traders success would have been limited by the narrow price movement.
I’m Celeste Skinner and that wraps up today’s Midday Snapshot. Keep checking back in for the hourly updates.
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