This is the Midday Snapshot for Wednesday, 30th of November. Here’s how traders have performed during the morning session.
Euro/Dollar has had a relatively slow day – high and low difference is just 48 pips. Despite, the narrow price movement range, traded volume is average and sentiment of the traders is neutral, 8% long. Both sides have seen only limited chances and risks due to the narrow price movement range.
Pound/Dollar dropped by almost 100 pips hours into the trading day and a loss of point 29% was posted at noon. The Cable sees 37% less than typical funds and most of the market players have been forecasting the rate to move higher. Late slide has brought risks for investors, the calm trading should cushion losses.
Dollar/Yen has been on a rise and it has resulted in a gain of point 73%. Trading has been active, volume is high and neutral sentiment of the traders is just 5% long. Steep rise makes a successful morning session more likely for those who had long positions.
Pound/Yen gave up some of the gains hours into the trading day, after hitting the high of 141 53, but the pair was still point 44% up from the opening level at noon. Traded volume is high and sentiment of the traders is neutral, 5% short. Upward pressure has been stronger, putting bulls in better positions.
Euro/Yen’s day has been bullish so far and a gain of point 73% was posted at 12 o’clock. Trading has been active, volume is high and neutral sentiment of the traders is just 4% short. The pair has surged during the morning session, providing plenty of profit chances for bullish market players.
I’m Celeste Skinner and this wraps up Wednesday’s Midday Snapshot. These stats will be updated on an hourly basis, so stay tuned.
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