Midday Forex Snapshot – May 11, 2017

Euro/Dollar’s biggest move measures at only 37 pips and the pair has attracted just close to half of the monthly average funds. Sentiment of the traders is neutral, 10% long. Rate movement has been generally flat and trading passive, so moves in trading accounts shouldn’t be significant.

Pound/Dollar has declined by close to 100 pips to hit the daily low of 1 2855. The Cable sees 25% more than typical funds and neutral sentiment of the traders is 3% long. Late slide puts bearish market players in better positions so far.
Dollar/Yen has been trending lower and decline has resulted in a loss of point 41%. Trading has been slow, volume is extremely low and sentiment of the traders is neutral, short positions are up by 8%. Profits are more likely for bears, but the calm trading is the limiting factor.
Pound/Yen took a slide and the pair stood almost 1% in the red at 12 o’clock. Trading has been active, volume is high and most of the funds have been drive by bullish expectations. The late slide has brought serious risks for investors.
Euro/Yen saw a late shift lower and a loss of point 51% was posted at midday. Turnover is high and sentiment of the traders is neutral, 6% long. Late decline suggests a successful morning session for those who were short.