Midday Forex Snapshot – May 16, 2017

Euro/Dollar has shot up by a total of 87 pips, breaking through the 1 10 level to trade point 66% in the green at noon. Trading has been active, the pair has attracted more than double the monthly average funds and sentiment of the traders is neutral, 8% short. Trading should be extremely successful for those who had long positions.

Pound/Dollar’s rise was followed by a slide from the high of 1 2958 and a loss of point 21% was posted at midday. Traded volume is extremely high and neutral sentiment of the market players is 1% short. Both sides have had their profit opportunities as the rise was followed by a decline.
Dollar/Yen was heading South for hours, but a following rise puts the pair back near the opening level at 12 o’clock. Turnover is high and sentiment of the traders is neutral, almost at an even balance. Bears had their chances early on, but the change in trend was good news for bullish market participants.
Pound/Yen stood point 18% in the red at noon after walking in a total range of slightly more than 100 pips. Traded volume is extremely high and most of the funds have been driven by bearish expectations. Traders have seen both chances and risks as a single trend hasn’t formed.
Euro/Yen has shot up by a total of 123 pips and it stood point 69% in the positive territory after 12 hours of trading. Traded volume is a massive 224% up from the pair’s monthly average and most of the traders have been bearish in their expectations. The rate went in the opposite direction to those forecasts, suggesting losses for investors.