Midday Forex Snapshot – June 5, 2017

Morning session is over on this Monday so let’s see how it has been shaping up for the currency traders.
Euro/Dollar declined after 7 o’clock and the pair was point 27% in the red at noon. Traded volume is extremely low and neutral sentiment of the traders is 3% long. Late decline makes profits more likely for bears, but the passive trading is the limiting factor here.

Pound/Dollar has been trending higher and a gain of point 35% was posted at midday. Turnover is low and sentiment of the traders is neutral as short positions are up by just 4%. A successful morning session is more likely for those who had long positions.
Dollar/Yen retreated from the high of 110 73 and only a slight gain was recorded at 12 o’clock. The pair sees 34% less than typical funds and sentiment of the traders is neutral, 10% short. Both sides have had their chances as rise was followed by a decline.
Pound/Yen has gained a total of 87 pips and the pair stands point 4% in the green. Traded volume is extremely low and most of the funds have been driven by bullish expectations. The rate did go per those estimates and only the calm trading limits upside potential.
Euro/Yen moved slowly south and the pair was point 22% in the red at 12 o’clock. Trading has been passive, volume is extremely low and sentiment of the traders is neutral, 8% short. Gradual decline puts bears in better positions, but moves in funds shouldn’t be significant.