Midday Forex Snapshot – August 14, 2017

We’re halfway through the trading day, so let’s see how traders have been working out the rate shifts with the Midday Snapshot.
Euro/Dollar has been trending overall bearish so far in the session, total volatility measures 52 pips, and it stands point 28% in the red at midday. The pair as attracted a low amount of funds, and sentiment of the traders is neutral at 6% long. The spike would have provided both sides with opportunities.

Pound/Dollar fell by 60 pips from the daily high to reach a low of 1 2963, and it currently sits point 28% in the red at noon. Traded volume for the Cable has been average, however, the sentiment of the traders is bearish at 25% short. The generally bearish trend would have helped traders achieve success.

Dollar/Yen has seen a gradual uptrend today, the high and low difference is 60 pips, and the cross rests point 35% in the green at 12 o’clock. This pair has attracted an average amount of funds, and the sentiment of traders is neutral at a balance. The uptrend would have been beneficial for bulls.
Pound/Yen has walked in a total range of 73 pips, leaving it slightly in the green at 12 PM. The sentiment of traders is neutral at 1% short and traded volume is also average. Success depends on the timing of trades, as the spike has provided both risk and reward for both sides.
And last for this overview is Euro/Yen which has a total volatility of 55 pips. The trend for this cross has changed, and it is now slightly in the green at 12 PM GMT. Traded volume for this pair is extremely low, and the sentiment of traders is bearish at 17% short. Timing here would have been crucial for success.