Midday Forex Snapshot – September 13, 2017

Euro/Dollar shows little rate movement – high and low difference is only 31 pips, but the pair has attracted an average amount of funds. The sentiment of the trades is neutral, 6% long. Rate movement has been flat, so both profits and losses shouldn’t be significant.

Pound/Dollar’s gradual rise was followed by a steep decline and a slight loss has been posted. The Cable sees a typical amount of funds and sentiment of the market players is neutral, 7% short. Bulls saw their chances during the early trading hours, but the shift in trend was good news for bears. Dollar/Yen has moved slowly South and a loss of point 14% was recorded at noon. Trading has been passive, volume is extremely low and most of the market players have been forecasting the pair to head higher. Gradual decline makes losses more likely, but the passive trading should provide cushion. Pound/Yen took a steep decline after 7 AM to trade point 22% in the negative territory at midday. Traded volume is average and most of the funds have been driven by bullish expectations. Late decline has brought risks for investors here as well. Euro/Yen has walked in a total range of just 34 pips, attracting 38% less than average funds. Sentiment of the market players is neutral, 14% long. Both the passive trading and the flat rate movement suggest no significant moves in funds can be expected.