Midday Forex Snapshot – June 22, 2017

Euro/Dollar shows limited rate movement, but the pair has attracted a typical amount of funds. Sentiment of the traders is neutral, 4% long. No significant moves in trading accounts are likely as the rate has walked in a total range of just 24 pips.

Pound/Dollar shows a similar picture – high and low difference is 32 pips and traded volume is low. Most of the traders have been forecasting the pair to head higher. Both the flat rate movement and the passive trading are limiting factors.
Dollar/Yen declined early on, but all of the loss was recovered in a following rise. Turnover is average and sentiment of the traders is neutral, long positions are up by 2%. Bears had their chances shortly after midnight, but trend changed in favor for bulls towards noon.
Pound/Yen gave up 68 pips, but most of them were recovered afterwards. Traded volume is high and neutral sentiment of the market players is 14% long. Shifting trend has provided both sides with their profit opportunities.
Euro/Yen has had a slow day – volatility is 52 pips and the pair sees just half of the monthly average funds. Neutral sentiment of the traders is at an even balance. No major moves in funds can be expected due to the passive trading and flat rate movement.