Yahoo Finance Midday Forex Snapshot – November 16, 2017
It’s time once again for the Dukascopy Midday Snapshot, where we take a look at trader performance over the 12 hours to midday. Euro/Dollar has traded in a total range of just 44 pips, but the pair sees an average amount of funds. Most of the traders have been in short positions, the sentiment is bearish. The Late decline has brought some opportunities, but the rate movement has been generally flat. Pound/Dollar rose from the daily low of 1 3135 and a slight gain was posted at noon.
The Cable sees an average amount of funds and neutral sentiment is almost at an even balance. Bears had their chances before the daily low was reached, but the following rise was good news for bulls. Dollar/Yen has been on a rise and it puts the pair point 34% in the green. Traded volume is average and most of the market players have been forecasting the pair to head lower. Uptrend suggests losses are more likely for investors. Pound/Yen has gained some ground as well and a gain of point 5% has been recorded. Turnover is low and neutral sentiment is leaning towards the short side by 11%. The uptrend has provided profit opportunities for those who were long. Euro/yen has given up some of the gains after reaching the daily high of 133 46. This pair sees 23% more than typical funds and sentiment of the market players is neutral, 4% long. The Early rise was good news for bulls, but some chances were there for bears in the following pullback.
This article was originally posted on FX Empire
