Hello, I`m Jessica Walker and here’s how traders have performed over the 12 hours to noon GMT on this Wednesday.
Euro/Dollar rose by a total of 62 pips and it was point 19% in the green at noon as it declined from the daily high. Traded volume is 23% down from the pair’s monthly average and the neutral sentiment is just 6% short. Bulls have been in better positions so far, but some chances were there for bears in the late pull back.
Pound/Dollar surged by 61 pips, but it was back near the opening level at midday as it declined from the high of 1 5249. The Cable sees a typical amount of funds and the neutral sentiment of the traders is 13% long. Rise was followed by a slide, making it difficult to draw any conclusion regarding performance patterns.
Dollar/Yen has had a relatively slow day – volatility is just 25 pips and traded volume is extremely low. Most of the traders have been forecasting the rate to move higher. There were some chances for traders after 8 o’clock, but moves in funds should be limited by the passive trading and low volatility.
Pound/Yen was back near the opening level at midday after walking in a total range of 73 pips. Turnover is 36% down from the pair’s usual and sentiment is strongly bullish as long positions dominate by 37%. There have been both chances and risks for traders, but changes in trading accounts should be limited by the calm trading.
Euro/Yen’s trend has changed a couple of times and the rate was point 14% up from the opening level at noon. This pair sees less than half of the monthly average funds and sentiment of the traders is strongly bullish, 48% long. Traders have seen chances and risks, but the passive trading is what should limit changes in funds.
That’s it for Wednesday’s Midday Snapshot. Stay tuned for the hourly updates to access the most up-to-date stats throughout the day.
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