Midday Forex Snapshot – June 28, 2017

Euro/Dollar has been slowly trending higher to trade point 33% in the green at noon. The pair has attracted 46% more than typical funds and sentiment of the traders is neutral, 1% short. Gradual rise suggests a successful start of the day is more likely for those who had long positions.

Pound/Dollar has walked in a total range of only 40 pips and traders have used 36% less than typical funds trading this pair. Most of them have been forecasting the pair to head lower, sentiment is bearish. There have been only limited profit opportunities due to the flat rate movement and slow trading.
Dollar/Yen’s trend has changed and the pair was back near midnight’s level at midday. Turnover is high and sentiment of the traders is neutral, 5% short. Changing trend has provided both of the close to equal sides with their profit opportunities.
Pound/Yen declined by 77 pips, but a following rise wiped out all of the loss. Traded volume is average and neutral sentiment of the market players is 2% long. The rate rose from the daily low, so both bulls and bears have had their profit chances.
Euro/Yen stood point 27% in the green at 12 o’clock as a correction took some of the gains. Trading has been extremely active, volume is a massive 305% up from the pair’s monthly average and most of those funds have been driven by bearish expectations. Traders had their chances during the pull back after the daily high was reached.