Midday Forex Snapshot – July 19, 2017

Euro/Dollar has retreated slightly from the recent high, but the pair remains above the 1 15 level for now. Turnover is low and neutral sentiment of the traders is 8% short. Gradual decline makes profits more likely for bears, but the slow trading is what should limit any moves in funds.

Pound/Dollar has walked in a total range of just 42 pips, but the pair sees more than double the monthly average funds. Sentiment of the market players is neutral, 4% long. Both sides have seen some chances, but the narrow price movement range suggests no major profits or losses are likely.
Dollar/Yen has had a slow day – high and low difference is just 35 pips and traded volume is extremely low. Sentiment of the traders is neutral, long positions are up by 8%. No major shifts in trading accounts are likely due to the passive trading and flat rate movement.
There’s little to report on the Pound/Yen as well – rate movement is flat, but the pair sees a typical amount of funds. Sentiment of the traders is neutral, 9% long. Both profits and losses shouldn’t be significant due to the narrow price movement range.
Euro/Yen declined slowly to hit the low of 129 and the pair has attracted 41% less than average funds. Most of them have been driven by bearish expectations. Traders had their profit opportunities during the gradual decline, but the calm trading is the limiting factor.