It’s noon GMT on this Tuesday, so let’s have a look at the rate shifts for the 5 currency pairs and find out how they compare with the expectations of the market players.
Euro/Dollar has seen limited rate movement and traded volume is extremely low. Sentiment of the traders is neutral at 7% long. Both the passive trading and flat rate movement are indicators that changes in trading accounts shouldn’t be significant.
Pound/Dollar has gained slightly more than 100 pips and the pair stood point 53% up from the opening level at noon. The Cable sees just half of the monthly average funds and sentiment of the traders is neutral, long positions are up by 3%. Bulls have been in better positions, but the calm trading is what should limit any moves in funds.
Dollar/Yen’s day has been bullish and uptrend has resulted in a gain of point 86%. Traded volume is average and neutral sentiment of the traders is just 4% long. Rate has been heading sharply higher, making profits very much likely for those who were long.
Pound/Yen has shot up by more than 200 pips and the pair was 1.4% up from the opening level at midday. Traded volume is average and sentiment of the traders is neutral, 7% short. Once again, bulls have been in better positions as the rate has been on a steep rise.
Euro/Yen rose sharply as well and the pair was point 66% in the green at 12 o’clock. Trading has been slower than usual and neutral sentiment of the traders is 8% short. There have been plenty of profit chances for bulls, but the calm trading is what should limit changes in trading accounts.
I’m Jack Everitt and this was the Midday Snapshot for Tuesday. Tomorrow we’ll be back with the next report, but for now, check back for the hourly updates.
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