Midday Forex Snapshot – September 18, 2017

Euro/Dollar stood slightly in the green at 12 o’clock after trading in a total range of 55 pips. Turnover is high and sentiment of the traders is neutral, 6% short. Both sides have seen their profit opportunities as a single trend hasn’t formed so far. Pound/Dollar rose slightly early on, but the following slide puts the pair point 26% in the red.

The Cable sees 90% more than typical funds and sentiment of the traders is neutral, close to an even balance. Bulls had their chances during the early trading hours, but the following decline was good news for bears. Dollar/Yen has traded in a total range of just 30 pips and the pair sees 25% less than typical funds. A neutral sentiment of the traders is 5% long. Trading has been passive and rate movement flat, so no major moves in funds are likely. Pound/Yen has been trending slowly South after the daily high was reached and a slight loss was posted at 12 o’clock. Traded volume is high and sentiment of the market players is neutral, 3% short. Early hours were in favor for bulls, but the change in trend provided bears with their chances as well. Euro/Yen rose in a couple of waves to trade point 22% up from the opening level at midday. Turnover is high and neutral sentiment of the traders is leaning towards the short side by 9%. Gradual uptrend has provided profit chances for those who were long.