Midday Forex Snapshot – September 25, 2017

The morning session is over on this Monday, so let’s see how things are shaping up. Euro/Dollar started moving lower after 4 o’clock in the morning, losing a total of 70 pips, and it stood point 47% in the red at noon.

Traded volume is one-third up from the monthly average, and the sentiment is neutral, although long positions prevail by 14% long. This makes losses quite likely for the small majority of bears. The Cable’s trend changed halfway through the session, and a loss of 96 pips left it a fraction down from the opening level at midday. Trading has been average in terms of volume, and the neutral traders’ sentiment stands at 6% long. The overall trend has been more favorable for bears, although bulls did have some chances early in the morning. Dollar/Yen’s daily high and low difference reaches 59 pips, and the pair stood a quarter in the red after 12 hours of trading. Traded volume is on the low side, and both sides are almost at a balance. Bears have been in better positions for most of the session. Pound/Yen dropped by 123 pips after half past 6, and the total loss reached point 34% at noon. Traded volume is in line with this pair’s usual amount, but most traders had anticipated a rise, as long positions prevail by 15%. Losses are quite likely, although some success was possible with good timing. And Euro/Yen has had a bearish session, losing a total of 120 pips or point 72% over the last 12 hours. This pair sees the usual amount of funding, and, for one, most traders did get the movement right; the sentiment is bearish at 21% short. This should be a successful start of the week for most traders.