Midday Forex Snapshot – June 1, 2017

Let’s see how successful morning session has been for the currency traders on 1st of June.
There’s been little going on for the Euro/Dollar – rate movement is flat and traded volume is extremely low. Sentiment of the traders is neutral, 7% short. No significant changes in trading accounts are likely due to the narrow price movement range and passive trading.

Pound/Dollar’s trend has changed and the pair was only slightly in the red at noon. The Cable sees an average amount of funds and sentiment of the traders is neutral, 3% short. Both sides have had their profit chances as the trend has been shifting.
Dollar/Yen’s uptrend has resulted in a gain of point 31%. Turnover is high and neutral sentiment of the traders is 2% long. Bullish rate movement has provided plenty of profit chances for those who were long.
Pound/Yen’s high and low difference of 70 pips was recorded as the pair spiked, but most of the session has been calm. Traded volume is low, 37% down from the pair’s monthly average and sentiment of the traders is neutral, 11% short. Spike has provided both sides with their profit opportunities.
Euro/Yen’s day has been slow – volume is extremely low and volatility measures at just 44 pips. Most of the funds have been driven by bullish expectations, but both the flat rate movement and passive trading suggest no major changes in funds are likely.