Midday Forex Snapshot – June 27, 2017

We are half way through this trading day and it’s time for the Midday Snapshot where we`ll see how the sentiment of the traders compares with the actual rate movements.
Mario Draghi speech has sent the Euro/Dollar higher and the pair stands point 77% in the green. The pair sees more than double the monthly average funds and most of them have been driven by bearish expectations. Steep rise has brought serious risks for investors.

Pound/Dollar has been trending higher and rise has resulted in a gain of point 24%. The Cable has attracted an average amount of funds and neutral sentiment of the traders is at an even balance. Gradual rise puts bullish market players in better positions so far today.
Dollar/Yen’s decline was followed by a rise and the pair was back near the opening level at 12 o’clock. Turnover is low and sentiment of the market players is neutral, long positions are in the lead by 7%. Changing trend has provided both sides with their profit opportunities.
Pound/Yen rose from the daily low to trade point 3% in the green at noon. Trading has been active, volume is high and most of the traders have been forecasting the pair to head higher. Trading should be successful if it was done after the daily low was reached.
Euro/Yen jumped by a total of 143 pips and a gain of point 83% was recorded at midday. This pair sees 67% more than average funds and most of them have been driven by bearish expectations. Late surge has brought serious risks for investors.