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Midday Forex Snapshot – May 22, 2017

By:
Celeste Skinner
Published: May 22, 2017, 13:17 UTC

Euro/Dollar was flat for hours, but a late rise puts the pair point 28% in the green at noon. Turnover is average and neutral sentiment of the traders is

Midday Forex Snapshot

Euro/Dollar was flat for hours, but a late rise puts the pair point 28% in the green at noon. Turnover is average and neutral sentiment of the traders is leaning towards the short side by 8%. Bulls had their profit opportunities as the pair jumped hours into the trading day.

Day has been calm for the Cable, high and low difference is 51 pips and traded volume is low. Sentiment of the traders is neutral, long positions are in the lead by 5%. Both the passive trading and the narrow price movement range should limit any moves in trading accounts.
Dollar/Yen’s decline was followed by a rise and a slight gain was posted at midday. Turnover is high and neutral sentiment of the traders is almost at an even balance. Trend has shifted, providing both sides with their profit opportunities.
Pound/Yen gained ground after hitting the daily low as well and it was back near the opening level at 12 o’clock. This pair sees a typical amount of funds and sentiment of the market players is neutral, 3% short. Success depends on the timing of the trades as decline was followed by a rise.
Euro/Yen shot up from the daily low by more than 100 pips and the pair stood point 39% in the positive territory at noon. Traded volume is average and most of the traders have been forecasting the pair to move lower. Late surge has brought risks for investors.

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