Midday Forex Snapshot – September 6, 2017

Euro/Dollar has seen it’s trend change and the pair was back near the opening level at noon. Turnover is high and neutral sentiment of the market players is 1% long. A single trend hasn’t formed so far, providing both sides with their profit opportunities.

Pound/Dollar has traded in a total range of just 35 pips and the pair sees 23% less than typical funds. Neutral sentiment of the traders is 3% short. Trading has been slow and rate movement range narrow, so no significant profits or losses can be expected. Dollar/Yen moved sharply up by 51 pips hours into the session to trade point 25% in the green at midday. This pair sees a typical amount of funds and sentiment of the market players is neutral, 12% long. Upward pressure has been stronger so far, making profits more likely for bulls. Pound/Yen gained ground after 7 AM and a gain of point 27% has been posted. Traded volume is average and most of the traders have been bullish in their expectations. Late rise has provided solid profit opportunities for investors. Euro/Yen has been trending higher and rise puts the pair point 32% in the green. Traded volume is average and sentiment of the traders is neutral, almost at an even balance. Uptrend suggests a successful morning session for those who were long.