Midday Forex Snapshot – June 20, 2017

The morning session is over this Tuesday, and here’s how things have been shaping up for the market players.
Euro/Dollar shows limited rate movement, but the pair has attracted 67% more than typical funds. Sentiment of the traders is neutral, standing 6% short. The flat rate movement is what suggests no major profits or losses are likely.

Pound/Dollar dropped after 7 o’clock and the pair stands point 46% in the red. The Cable sees a typical amount of funds and neutral sentiment of the traders is at an even balance. Drop makes a successful morning session more likely for those who were short.
Dollar/Yen’s day has been slow, high and low difference is 32 pips and the pair sees less than half of the monthly average funds. Most of them have been driven by bullish expectations, but both the flat rate movement and passive trading suggest no major moves in funds are likely.
Pound/Yen took a slide hours into the session and it has resulted in a loss of point 55%. Turnover is high and sentiment of the traders is neutral, short positions are up by 9%. Bears saw solid profit opportunities as the rate took a plunge.
Euro/Yen’s high and low difference is just 34 pips, but traded volume is average. Sentiment of the market players is neutral, leaning towards the long side by 13%. No major changes in trading accounts are likely due to the narrow rate movement range.