Midday Forex Snapshot – June 8, 2017

Find out how market players have managed to work out the rate shifts during the morning session on Thursday by watching this edition of Midday Snapshot.
Euro/Dollar’s gradual decline has resulted in a loss of point 27%. Traded volume is extremely low and most of the traders have been forecasting the pair to head lower. Gradual decline suggests profits for investors and a more active approach would have increased them.

Pound/Dollar’s rise was followed by a decline, which measures at only 45 pips. The Cable sees less than half of the monthly average funds and most of them have been driven by bullish expectations. Both sides have seen only limited chances due to narrow price movement range and passive trading approach.
Dollar/Yen’s decline was followed by a sharp rise and the pair was point 21% in the green at noon. Turnover is low and sentiment of the traders is neutral, 6% short. Success depends on the timing of the trades as the trend has shifted.
Pound/Yen shows a similar pattern – all of the loss was recovered after the daily low was reached. Traded volume is low and sentiment of the traders is neutral, short positions are up by 13%. Early hours should be successful for bears, but the change in trend was good news for bulls.
Euro/Yen rose from the daily low as well and the pair was back near the opening level at 12 o`clock. This instrument sees 35% less than typical funds and sentiment of the traders is neutral, 9% long. Both sides have had their profit opportunities as decline was followed by a rise.