It’s 12 PM GMT this Thursday, so let’s see how things are shaping up for the market players.
Euro/Dollar’s initial rise of 61 pips was followed by a decline, which left it point 15% in the green at noon. Trading has been active, but the neutral traders sentiment is almost at a balance. Success depends on timing, as both sides had their chances.
Pound/Dollar, on the other hand, has had a bearish session, losing 112 pips. The total loss reached point 52% after 12 hours of trading. Traded volume is in line with the monthly average, and the sentiment is neutral as long positions are up by 11%. Trading should be successful for bears, but bulls face risks.
Dollar/Yen’s daily volatility of 83 pips was posted during a decline, and it stood point 24% down from the opening level at midday. Trading has been typical in terms of volume, and the sentiment again is neutral at 6% long. Bears have been in better positions so far.
Pound/Yen is down as well, and a loss of 165 pips left it point 74% in the red at noon. Traded volume is less than half of the usual amount, and the neutral traders sentiment stands at 8% short. Trading should be successful for bears, although the low volume will limit the profits.
And Euro/Yen was back near the opening level after walking in the total range of 67 pips. Traded volume is 35% down from the monthly average, and the sentiment is neutral at 13% short. Timing has been key to success, as the rate saw some rather sharp movements.
I’m Kiays Khalil and this was the Midday Snapshot for Thursday. Check back in throughout the day for the latest updates.
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