Midday Snapshot

We're halfway through this week's last trading day; let's see how things are shaping up. Euro/Dollar's initial rise of 65 pips was followed by a correction, but it still stood point 16% in the green at noon. Traded volume is 29% down from the monthly average, and the sentiment of traders is completely at a balance. Trend has been shifting, but success still is more likely for bulls. The Cable... Еще follows a similar pattern, as a late correction left it a fraction up from the opening level at midday. Trading has been somewhat slower than usual, and most traders indeed had anticipated a rise, as long positions prevail by 30%. Trading should be successful if it was done before the decline. Dollar/Yen has had a bearish session, declining by a total of 59 pips, and the total loss reached point 23% after 12 hours of trading. Trading has been active, and the sentiment of traders is neutral, although short positions are up by 13%. Success is likely for the small majority of bears. The Cable started moving lower after 6 AM, losing a total of 80 pips, and it stood point 14% in the red at midday. Traded volume is in line with the monthly average, and the neutral trader's sentiment stands at 2% short. Bears have been in better positions so far. And Euro/Yen was back near the opening level after walking in the total range of 65 pips. Trading has been extremely slow, and the sentiment is neutral at 10% short. The low volume should limit any shifts in funds. You've been watching the Midday Snapshot for Friday with me, Celeste Skinner, but you may track the latest movements with the hourly updates.

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