Midday Snapshot

The morning session is over on this Thursday; let's see how things are shaping up for the market players. Euro/Dollar's initial rise of 54 pips was followed by a late correction, which left it point 24% in the green at noon. Traded volume is in line with the montly average, and the sentiment is neutral, although short positions are up by 10%. Bulls have been in better positions so far. The Cable... Еще's daily volatility of 44 pips was posted during a decline, and the pair stood a fraction in the red at midday. Trading has been slow, and traders' sentiment is neutral at 10% long. Both the low volume and narrow rate movement will probably limit any profits or losses. Dollar/Yen was back near the opening level after walking in the total range of 47 pips. This pair sees the usual amount of funding, and the neutral traders' sentiment stands at 10% long. Success really depends on timing as no single trend has formed. Pound/Yen dropped by 81 pips after 7 o'clock, and it was point 11% in the red at noon. Once again, trading has been typical in terms of volume, and the sentiment is neutral as well; long positions prevail by 11%. Both sides had their chances during the day. Euro/Yen's single biggest move was a gain of 56 pips, and it stood point 17% up from the opening level at midday. Trading, however, has been much slower than usual, and both sides are almost at a balance. The low volume suggests any major shifts in funds could be unlikely. I'm Celeste Skinner and this was the Midday Snapshot for Thursday. You may track the latest developments with the hourly updates.

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