Midday Forex Snapshot – September 11, 2017

Euro/Dollar has shown little rate movement, the high and low difference is just 40 pips, but the pair sees an average amount of funds. The sentiment of the traders is neutral, close to an even balance.

The generally calm rate movement is what suggests no major profits or losses should be expected. Pound/Dollar’s early decline was followed by a rise measuring at 55 pips. Turnover is high and sentiment of the market players is neutral, 5% short. Bears saw their chances during the gradual decline shortly after midnight, but the change in trend was good news for bulls. Dollar/Yen has been trending higher and rise has resulted in a gain of point 32%. This pair has attracted an average amount of funds and sentiment of the traders is neutral, long positions are up by only 4%. The rate has been heading higher, putting bullish traders in better positions. Pound/Yen gained ground as well and the pair stood point 42% in the green at 12 o’clock. Trading has been active, a volume is high and sentiment is neutral, short positions are up by 7%. The surge has provided bulls with solid profit opportunities. Euro/Yen has walked in a total range of just 45 pips, attracting 41% less than typical funds. Most of them have been driven by bullish expectations. Traders have seen some chances, but both the passive trading and flat rate movement are limiting factors.