Yahoo Finance Midday Forex Snapshot – July 20, 2017
Euro/Dollar’s gradual decline has resulted in the pair moving below the 1 15 level. Turnover is average and sentiment of the traders is neutral, 7% short. Gradual downtrend has provided profit opportunities for those who were short.
Pound/Dollar has declined by a total of 100 pips and the pair was point 64% South of the opening level at noon. The Cable sees 39% more than typical funds and neutral sentiment of the traders is 3% long. Steep decline makes profits more likely for bearish market players.
Dollar/Yen has gained ground and the pair stands point 29% in the green at midday. Turnover is average and neutral sentiment of the traders is at an even balance. Bulls have been in better positions as the rate has been heading steeply higher.
Pound/Yen rose slightly, but a following drop has resulted in a loss of point 35%. Traded volume is average and sentiment of the market players is neutral, 7% long. Bulls had some chances during the rise, but the following slide was good news for bears.
Euro/Yen moved slowly North, but all of the gains have been wiped out. This pair sees 41% more than typical funds and sentiment of the traders is neutral, but long positions are up by 12%. Bulls had their chances during the gradual rise, but the late correction provided bears with their opportunities as well.
This article was originally posted on FX Empire
