Midday Forex Snapshot – July 4, 2017

Morning session is over on this Tuesday so let’s find out how it has been shaping up for the currency traders.
Euro/Dollar has had a relatively slow day – high and low difference is 41 pips and traded volume is extremely low. Sentiment of the traders is neutral, 6% long. Flat rate movement, along with the passive trading suggest no major profits or losses are likely.

Pound/Dollar’s rate movement has been calmer than usual and the pair sees 30% less than typical funds. Neutral sentiment of the market players is 5% long. Both profits and losses should be limited by the passive trading and calm rate movement.
Dollar/Yen took a sharp decline, but a following rise has wiped out most of the loss. Turnover is low and neutral sentiment of the traders is 7% long. Bears had their chances early on, but the change in trend was good news for bulls.
Pound/Yen rose from the daily low, but the pair was still point 32% in the red at 12 o’clock. Traded volume is extremely low and most of the funds have been driven by bullish expectations. Decline has brought risks for investors, but losses should be kept at bay by the passive trading.
Some of the loss was recovered for the Euro/Yen after the daily low as reached and the pair has attracted 21% less than typical funds. Most of the traders have been forecasting the pair to head lower. Trading should be successful if it was done before the daily low was reached.