Midday Snapshot

It’s noon GMT on the first trading day of August, so let’s find out how successful it has been for the currency traders. Euro/Dollar shows little rate movement, but the pair has attracted an average amount of funds. Neutral sentiment of the market players is almost at an even balance. The generally flat rate movement is what suggests no huge success stories are likely. Pound/Dollar has been... Еще calmer than usual as well, rising by 44 pips, before giving up most of the gains. The Cable sees 25% more than average funds and sentiment of the traders is neutral, 7% short. Both sides have had only limited profit opportunities due to the narrow price movement range. Dollar/Yen shot up from the low of 110, gaining a total of 53 pips. Traded volume is average and sentiment of the traders is neutral, 2% long. Bears had their chances early on, but the rise was good news for those who were long. Pound/Yen rose sharply and the pair stood point 16% in the green at 12 o’clock. Traded volume is extremely low and most of the funds have been driven by bullish expectations. Rise has provided profit opportunities for investors. Euro/Yen declined early in the session, but a following rise has taken the rate back near the opening level. This pair sees less than half of the monthly average funds and most of the traders have been forecasting the pair to head up. Traders saw some limited profit chances after the early decline. I’m Kiays Khalil and that’s all for Tuesday’s Midday Snapshot.

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