Midday Forex Snapshot – November 14, 2017

    Let’s take a look at how market players have performed over the morning session on this Tuesday. Euro/Dollar rose sharply hours into the trading session and a gain of point 51% was posted at noon. Turnover is a high and neutral sentiment of the market players is 5% short. Bulls saw solid profit opportunities as the rate moved sharply higher after 7 o’clock.

    Pound/Dollar moved South by a total of 54 pips, but most of the gains were wiped out in the following rise. The Cable sees 34% more than typical funds and neutral sentiment is almost at an even balance. Both sides have seen some changes, but the slow rate movement is the limiting factor. Dollar/Yen rose by 33 pips, but almost all of the gains were given up. Traded volume is low and neutral sentiment is leaning towards the long side by 7%. There were opportunities for bulls and bears, but both the narrow price movement range and passive trading approach suggest no significant profits or losses are likely. Pound/Yen spiked at one point, but the rate movement has been calmer than usual with a volatility of 66 pips. Traded volume is average and most of the funds have been driven by bullish expectations. There were some limited profit chances as the pair moved towards the daily high. Euro/Yen has had a bullish session and rise puts the pair point 55% in the green. This pair sees 36% more than typical funds and most of the traders have been forecasting the pair to decline. It went sharply higher, making losses more likely.


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