Midday Forex Snapshot – July 11, 2017

The morning session is over on this Monday, and it’s time for the Midday Snapshot where we take a closer look at the rate movements and trader performance.

Euro/Dollar has had a slighly bearish start of the week, as a loss of 36 pips left it point 13% in the red at noon. Trading has been much slower than usual, and the sentiment is neutral at 1% short. Bears have been in better positions, but any profits should be limited.
The Cable’s biggest move was a drop of 52 pips, but it was back near the opening level at midday. Traded volume is 20% less than this pair’s usual amount, and long positions prevail by 19%. Some success was possible late in the session.
Dollar/Yen went up by 39 pips early in the session, but a subsequent easing left it point 16% in the green at 12 o’clock. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 12% short. Bulls have been in better positions, but the narrow rate movement could limit any shifts in funds.
Pound/Yen’s daily volatility reaches 68 pips, but the pair was back near the opening level at noon. Traders have conducted their trades with 23% less funding, and the sentiment is neutral at 2% long. Both sides had their chances during the day.
And Euro/Yen’s initial gain of 53 pips was followed by a decline, which left it just a fraction in the green at midday. Traded volume is in line with the monhly average, and the sentiment is actually bearish at 19% short. Trading should be successful if it was done in the second half of the session.