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Midday Forex Snapshot – June 26, 2017

By:
Celeste Skinner
Published: Jun 26, 2017, 13:42 UTC

Euro/Dollar has seen limited rate movement – high and low difference is 36 pips, but the pair sees 54% more than typical funds. Sentiment of the traders

Forex Snapshot

Euro/Dollar has seen limited rate movement – high and low difference is 36 pips, but the pair sees 54% more than typical funds. Sentiment of the traders is neutral, long positions are up by 3%. No significant moves in funds are likely due to the narrow price movement range.

Pound/Dollar declined by 54 pips, but most of the loss was recovered afterwards. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 2% long. Both profits and losses shouldn’t be major due to the passive trading and flat rate movement.
Dollar/Yen has been on a rise and it has resulted in a gain of point 38%. Traded volume is extremely low and neutral sentiment of the market players is 3% long. Trading should be successful for bulls, but the calm trading approach is the limiting factor.
Pound/Yen has been mostly trending higher and rise puts the pair point 25% in the green. Traded volume is low and most of the funds have been driven by bearish expectations. Gradual rise has brought risks for investors, but the calm trading is what should help to cushion losses.
Euro/Yen rose by 46 pips in a steep rise and a gain of point 21% was recorded at 12 o’clock. Traded volume is extremely low and most of the funds have been driven by bullish expectations. Rise makes profits very much likely and only the calm trading limits upside potential.

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