Japanese Yen Strengthens [Video]
|Euro/Dollar rose by 54 pips, but most of the gains have been given up. Traded volume is average and neutral sentiment of the traders is 4% long. Rise was followed by a decline, providing both sides with their profit opportunities. Pound/Dollar has traded in a total range of 52 pips and the pair sees less than half of the monthly average funds. Neutral sentiment is almost at an even balance. There have been profit chances for both sides, but the passive trading approach is the limiting factor. Dollar/Yen took a slide to trade point 48% in the red at noon. Turnover is extremely low and most of the funds were in long positions. Slide has brought risks for investors, but the passive trading approach is the cushion for losses. Pound/Yen took a slide as well and it has resulted in a loss of point 46%. Traded volume is low and sentiment is neutral, at an even balance. Late slide has provided profit opportunities for those who were in short positions. Euro/Yen dropped after 8 AM and slide puts the pair point 33% in the red. This pair sees 34% less than typical funds and most of the traders have been forecasting the pair to head higher. Late decline makes losses more likely for investors.
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