EUR/USD Down In Active Trading [Video]
|Euro/Dollar has moved South by a total of 62 pips to trade point 36 percent in the red at noon. Trading has been active, traders have used more than double the usual funds to trade this pair. Sentiment of the market players is neutral at four percent short. Downtrend makes a successful morning session more likely for those who were in short positions. Pound/Dollar took a slide as well and it has resulted in a loss of point 47 percent. The Cable sees 47 percent more than usual funds. The sentiment of the traders is neutral, but long positions are up by 13 percent. Downtrend puts bearish market players in better positions so far today. Dollar/Yen rose towards the 110 level by a total of 36 pips. Trading has been typical in terms of volume and most of the funds were driven by bullish expectations. The rate did go per those forecasts, making profits very much likely. Pound/Yen declined by a total of 72 pips and a loss of point 27 percent was posted at midday. Traded volume is average and most of the traders were in short positions. They have done a good job working out the rate movement direction, which suggests profits for investors. Euro/Yen declined by 53 pips after 6 AM and decline put the pair point 15 percent in the red. Turnover is high and the neutral sentiment of the traders is 7 percent short. Late decline was good news for bearish market players.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.