Midday Forex Snapshot – July 24, 2017

Euro/Dollar has slipped by a total of 55 pips and the pair stands point 31% in the red at noon. Turnover is average and neutral sentiment of the market players is 8% long. Downward pressure has been stronger so far, making profits more likely for bears.

Pound/Dollar shot up by 61 pips after 7 o’clock and a gain of point 23% was posted at midday. The Cable sees 38% more than typical funds and neutral sentiment of the market players is 14% long. Bulls have been in better positions as the pair jumped by 61 pips.
Dollar/Yen rose gradually, but a following decline has resulted in a slight loss. Turnover is high and neutral sentiment of the market players is 10% short. Bulls had some chances early on, but the following slide was good news for bears.
Pound/Yen has moved in waves and the pair was back near the opening level at 12 o’clock. Traded volume is high and sentiment of the market players is neutral, 3% long. Success depends on the timing of the trades as a single trend hasn’t formed.
Euro/Yen moved sharply lower and slide has resulted in a loss of point 4%. This pair sees 32% less than typical funds and neutral sentiment of the traders is 10% short. Steep decline has provided bears with solid profit opportunities, but the calm trading is the limiting factor.