JPY Weakens on Morning Session [Video]
|Euro/Dollar has been traded in a total range of just 34 pips and the pair sees only half of the monthly average funds. Neutral sentiment of the traders is 1% short. Rate movement has been calm and trading passive, so both profits and losses shouldn’t be significant. Day has been calmer than usual for the Pound/Dollar as well, volatility is 46 pips and traded volume is low. Sentiment is neutral, long positions are up by 6%. Calm rate movement and slow trading approach are limiting factors here as well. Dollar/Yen has gained 44 pips and the pair stood point 32% in the green at noon. Traders have used just half of the monthly average funds trading this pair and sentiment is neutral, short positions are up by 11%. Uptrend makes a successful start of the day more likely for those who were long. Pound/Yen has moved further above the 145 level and a gain of point 34% has been posted. Turnover is low and neutral sentiment of the traders is 4% long. Yen has shown some weakness, providing profit opportunities for bulls. Euro/Yen has moved up as well and a gain of point 29% has been recorded. Traded volume is average and most of the funds were in long positions. The rate did go per those expectations and profits are very much likely.
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.