Morning session is over on this Friday so let’s find out how things have been shaping up for the market players. I'm Sinead MacLaughlin.
Euro/Dollar declined by 65 pips after 6 o’clock and a loss of point 42% was posted at noon. Traded volume is average and the neutral sentiment is just 9% long. Late decline makes a successful morning session more likely for those who had short positions.
Pound/Dollar has had a relatively slow day, high and low difference is 48 pips and traded volume is low. Sentiment of the market players is bullish, 18% long. Traders saw some chances, but both the calm trading and narrow price movement range should limit moves in funds.
Dollar/Yen has been moving gradually lower and the rate was just slightly in the red at midday. Traded volume is extremely low and the neutral sentiment is 6% short. Once again, the passive trading along with the flat rate movement should minimize any shifts in trading accounts.
Pound/Yen has been mostly trading sideways and the pair has attracted just slightly more than half of the monthly average funds. Most of the traders have been forecasting the rate to move higher. Rate movement has been flat and trading slow, so both profits and losses shouldn’t be significant.
Euro/Yen’s day has been bearish and a loss of point 47% was recorded at 12 o’clock. Turnover is 30% short of the monthly average and long positions dominate by 50%. Steep slide has brought serious risks for investors, but losses should be cushioned by the passive trading.
You’ve been watching the Midday Snapshot for Friday. As usual, the most up-to-date stats will be available throughout the day with the hourly updates.
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