The morning session is over on this Tuesday, and it’s time to look back at the rate movements and trader performance.
It’s another slow day for the Euro/Dollar, which was back near the opening level after walking in the total range of 26 pips. Traded volume is a quarter down from the monthly average, and the sentiment is neutral at 5% long. Any major profits or losses are quite unlikely.
The Cable’s initial gain of 34 pips was followed by a decline, which left it just a fraction in the green at noon. Trading has been slower than usual, and the neutral traders sentiment stands at 3% long. Once again, the low volume and narrow rate movement both make any major shifts in funds unlikely.
Dollar/Yen’s daily volatility reached 34 pips, and the pair had gained point 22% after 12 hours of trading. Traded volume is less than half of the usual amount, and the sentiment is neutral at 8% long. Well, this is another pair that has not delivered much of a performance today.
Pound/Yen’s rate sees a bit more action, as the daily volatility reaches 51 pips. The rate was point 23% up from the opening level, but this pair still sees a paltry amount of funding. The sentiment is neutral at 7% short. This sounds repetitive, but once again, there’s not much to report for this instrument.
But there’s also the Euro/Yen, which has gained 40 pips or point 24% during the session and, for one, this pair indeed sees the usual amount of funding. The sentiment is neutral at 3% long. Bulls actually had some chances for profit, which is a notable achievement for this session.
I’m Jessica Walker and this was the Midday Snapshot for Tuesday. Stay tuned for the hourly updates.
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